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Posts tagged with "Organisation of Petroleum Exporting Countries"

Nigeria gets some respite as Goldman Sachs raises its crude oil price forecast to $75 a barrel African News

Nigeria gets some respite as Goldman Sachs raises its crude oil price forecast to $75 a barrel

NIGERIA may get some economic respite before the end of the year after analysts at US bank Goldman Sachs raised their price forecasts for crude oil for the second and third quarters of 2021 to about $75 a barrel.   Being a mono-economy with the federal government realising over 90% of its revenue from crude oil, Nigeria is...
Biden's inauguration gives Nigeria's economy a boost as it leads to a rally in oil prices Business

Biden's inauguration gives Nigeria's economy a boost as it leads to a rally in oil prices

NIGERIA'S beleaguered economy  has received a minor boost from the inauguration of President Joe Biden after global oil prices rallied slightly to over $55 a barrel following his swearing-in yesterday.   Being a mono-economy with over 90% of government revenue coming from the sale of crude oil, Nigeria has been hit hard by...
Nigeria exports its first-ever cargo of  newly explored grade of crude oil known as Anyala African News

Nigeria exports its first-ever cargo of newly explored grade of crude oil known as Anyala

NIGERIA has exported her first ever cargo of the newest grade of crude oil known as Anyala  that has just been explored from new oil fields in the Niger Delta and has been shipped to Europe this week.   Oil analysts, S&P Global Platts, which provides benchmark prices for commodity markets around the world, said the first...
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...
 

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