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Posts tagged with "crude oil"

Buhari should kick off Ngozi’s tenure by striking a trade deal with Biden that involves repealing all homophobic laws in exchange for annual US foreign direct investment of $50bn African News

Buhari should kick off Ngozi’s tenure by striking a trade deal with Biden that involves repealing all homophobic laws in exchange for annual US foreign direct investment of $50bn

Ayo Akinfe (1) If you ask me, having Ngozi Okonjo-Iweala as the head of the World Trade Organisation (WTO) makes it imperative that Nigeria becomes a serious player in the global economy. It is highly embarrassing that Africa accounts for 18% of the world’s population by only 3% of its trade. It now falls to Nigeria to...
Opec predicts that crude oil will only remain the top energy source for another 25 years African News

Opec predicts that crude oil will only remain the top energy source for another 25 years

CRUDE oil probably only has a lifespan of 25 more years during which it will remain the primary source of energy according to a new report just published by the Organisation of Petroleum Exporting Countries (Opec).   Over about the last two decades, a realisation has grown that petroleum is a finite resource and moves need to...
Nigerian oil industry faces the additional challenge of increased US sales into Europe African News

Nigerian oil industry faces the additional challenge of increased US sales into Europe

NIGERIAN is facing the prospect of further economic crisis as its crude oil sales to Europe are being threatened by increased US exports which are being sold at discounted prices this making their shipments more attractive to buyers.   Low in sulphur and very environmentally-friendly, Nigeria's Bonny Light Crude has been a...
 

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