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...
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 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...
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...
