Nigeria, Others’ Production Cuts’ll Rebalance Oil Markets – EIA       The production cuts by the Organisation of the Petroleum Exporting Countries and its allies are expected to result in a relatively balanced market next year, the United States' Energy Information Administration (EIA) said on Wednesday. The EIA...

IOC Taxes Dip By N16.46bn Amid Production Cuts     The tax revenue accruing to the Federal Government from Production Sharing Contracts with international oil companies operating in the country fell by $45.72m (N16.46bn) in May. The tax lifted as oil by the Nigerian National Petroleum Corporation on...