Oil: Nigeria Shouldn’t Expect Price Rebound Soon — Experts   Nigeria should not expect to see a significant increase in crude oil prices anytime soon despite the production cut deal by the Organisation of Petroleum Exporting Countries and its allies, industry experts have said. The group, known...

COVID-19: Time For Nigeria To Start Looking Beyond Oil - Expert     A development and governance expert, Dr Chiwuike Uba, has expressed satisfaction with the decision of the Organisation of Petroleum Exporting Countries (OPEC) under the OPEC+ platform to cut down on oil production by about...

Oil Drops To $32 As OPEC+ Postpones Meeting     The international oil benchmark, Brent crude, fell on Monday after Saudi Arabia and Russia postponed a meeting to discuss output cuts that could help to reduce global oversupply as the coronavirus pandemic pummels demand. Brent, against which Nigeria’s...

Kerosene, Diesel Prices Fail To Drop Despite Oil Crash   The pump prices of diesel and kerosene in Nigeria have yet to reflect the collapse of global crude oil prices despite the deregulation of the products by the Federal Government. Following the sharp drop in oil prices,...

Oil Price Drops To $24, Oversupply Fears Grow   The international oil price benchmark, Brent crude, slid further on Wednesday, as a bigger-than-expected rise in United States inventories and a widening rift within the Organisation of Petroleum Exporting Countries heightened oversupply fears. Oil prices are near their...

Oil Price Plunges To $22, Cheapest In 18 Years   The international oil benchmark, Brent crude, plunged to its cheapest in 18 years on Monday as it traded around $22 per barrel. This comes amid growing fears that the global coronavirus shutdown could last months and demand...