September 5th, 20171815
The Presidency confirmed on Tuesday that the economy still remains quite fragile despite exiting its worst recession in 25 years.
The presidency said despite receiving the news that the country had finally exited recession, the Muhammadu Buhari led government will proceed with ‘cautious optimism’ and continue to drive the...
September 5th, 20170123For veteran OPEC officials, Hurricane Harvey’s impact on global oil markets is one of the strangest things they have seen.
The storm has led to some of the biggest disruptions to U.S. energy infrastructure; yet it has failed to boost crude prices.
According to Reuters in contrast with previous major hurricanes such as Katrina in...
September 1st, 201711065Iraq’s oil production has reached a new record of 4.32 million barrels per day but oil prices are holding above $52.50 according to reports.
Brent is trading Friday at $52.54 amid the turmoil in the oil industry following the Hurricane Harvey with nearly a quarter of US refining capacity off line.
Reports also...
August 15th, 201721431Oil output from major U.S. shale producers is poised to reach a fresh record next month, further complicating OPEC’s efforts to support prices and should sound alarm bells in oil dependent economies like Nigeria.
The gain is being led by the oil-rich Permian basin of Texas and New Mexico, where production has risen steadily over...
July 26th, 201701148Nigeria plans to cut its oil exploration costs and move away from reliance on crude for export revenues, according to a national petroleum policy approved by the federal executive council this week.
Africa's largest oil exporter said it expects oil prices to stay near $45 per barrel "for the foreseeable future" and that it must...
