31-03-2020

31-03-2020

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30-03-2020

30-03-2020

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27-03-2020

27-03-2020

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26-03-2020

26-03-2020

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Nigeria cuts crude selling prices to woo buyers

Nigeria cuts crude selling prices to woo buyers

Nigeria has cut the official selling prices for its crude oil to record lows to clear a glut of unsold April-loading cargoes before releasing the May programme on Monday. The country has had to grapple with an unprecedented excess of oil triggered by the coronavirus …..

Nigerian, Qatari LNG cargos heading for UK LNG terminals

Nigerian, Qatari LNG cargos heading for UK LNG terminals

United Kingdom’s liquefied natural gas import terminals on the Milford Haven waterway are set to receive a pair of cargoes over the week. According to the shipping data by Milford Haven Port Authority, the first of the three cargoes is scheduled to arrive at the …..

‘Oil companies not leaving Nigeria in next 30 years’

‘Oil companies not leaving Nigeria in next 30 years’

Sarki Auwalu is the Director/Chief Executive Officer of the Department of Petroleum Resources. In this interview with the Business Editor, CLARA NWACHUKWU and FEMI ADEKOYA, he talks about a wide range of issues bordering on oil licensing, compliance with production quotas, gas-to-power, as well as …..

25-03-2020

25-03-2020

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Global Lockdown Crashes Oil Price

Global Lockdown Crashes Oil Price

Oil prices dropped yesterday as governments’ escalated lockdowns to curb the spread of the global Coronavirus outbreak that has slashed the demand outlook for oil and threatened a global economic contraction.  Brent crude futures fell $1.09, or 4 percent, to $25.89 a barrel while West …..