Saudi, Nigeria $5bn Crude Agreement Stalls as Price Declines A new crude-for-loan deal between the Federal Government and Saudi Arabian oil company Aramco, worth $5bn, has stalled and is struggling to reach an agreement following the recent decline in crude prices. A report by Reuters quoting...

Dangote Exports 130m litres of Jet Fuel to Saudi Arabia The Dangote refinery says it has sold two cargoes of aviation fuel, each averaging around 130 million litres to Saudi Aramco, the national oil company of Saudi Arabia. This comes in the wake of predictions by...

COVID-19: Oil Majors Slash 2020 Spending By 18%   The world’s biggest oil and gas companies are slashing capital spending this year following a collapse in oil prices driven by a slump in demand because of coronavirus and a price war between the Saudi Arabia and...