Fresh Lockdowns Impacting Oil Demand Recovery - OPEC+
The Organisation of the Petroleum Exporting Countries and its allied have lamented the impact of the resurgence of COVID-19 cases in major economies on crude oil demand.
The Joint Ministerial Monitoring Committee of OPEC and its Russia-led allies,...
Oil Price Nears $44
Oil prices have neared $44, on the back of hopes that the Organisation of the Petroleum Exporting Countries+ production cuts will increase amid the coronavirus pandemic to sustain price pressure.
Anadolu Agency reports that Brent crude was trading at $43.30 per barrel...
Naira Plunges To 475 As Dollar Demand Rises
The naira weakened further on Monday, trading at 475 to the United States dollar in the parallel market amid a rise in demand for the greenback.
The local currency, which has come under pressure in recent days, fell...
Nigeria’s Fragile Fiscal Regime May Stall $24bn Oil, Gas Projects
With the continued delay in the passage of the Petroleum Industry Bill (PIB) leading to a frigile fiscal regime mired by uncertainty, the African Energy Chamber (AEC), has said Nigeria and other African countries should...
Nigeria, OPEC Peers To Lose $272bn Oil Revenue
Nigeria and other members of the Organisation of the Petroleum Exporting Countries will see their combined net oil export revenue fall this year to its lowest level since 2002, according to the United States Energy Information Administration.
The...
PIB: Host Communities And Transparency In Nigeria’s Oil Sectors
By Hon Abdullahi Mahmud Gaya
Petroleum Industrial Bill (PIB) was introduced to the National Assembly in 2007 contrary to all Nigerians expectations.
The Bill, in its wholesale form, has survived three presidents and four convocations of the National Assembly....
