Oil & Gas

April 17, 2018

Nigeria Update: Nigeria’s Brent crude crosses $72 mark, production hits 1.81mbpd

Nigeria’s Bonny Light crude oil price touched it’s highest since 2014 at the weekend, supported by Organisation of the Petroleum Exporting Countries (OPEC) led production cuts, […]
April 16, 2018

Nigeria Update: Reserves inch closer to $47b on stable oil price

The positive development in international price of crude oil and the producers’ cut agreement have continued to strengthen Nigeria’s external reserves buffer and supporting the currency […]
April 13, 2018

World Update: Global fuel costs to rise by $60bn, as IMO sets to cap sulphur

As the International Maritime Organisation (IMO’s) 0.5wt per cent sulphur cap for bunker fuels kicks in, global bunker fuel costs could rise by up to $60billion […]
April 6, 2018

Nigeria Update: Petrol subsidy hits N1.4 trillion, says Kachikwu

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that subsidy on Premium Motor Spirit (PMS), otherwise known as petrol, currently stands at N1.4 […]