Crude oil

Oil crash: Nigeria may lose $8.63bn in six months

Nigeria’s economy may slide into another recession as the sudden crash in crude oil prices is set to wipe $8.63bn…

Rig count inches lower in dramatic week for oil

Baker Hughes reported that the number of oil and gas rigs in the US fell this week by 1­ to…

No end in sight for the oil price crisis, says Daniel Yergin

Rebalancing the oil market in a context of dropping demand and rising supply will take a while, energy expert Daniel Yergin told…

Oil price crash: SEC boss calls for emergency measures

Acting Director-General of the Securities and Exchange Commission, SEC, Ms. Mary Uduk, yesterday, has called for emergency measures to insulate…

Dangote set for 100,000 barrels of oil production

Africa’s richest man, Alhaji Aliko Dangote is set to diversify his business empire by venturing into the oil sector. The billionaire will…

Saudi Arabia prepares to flood the oil market

The Saudi Energy Ministry has told Aramco to increase its oil production capacity to 13 from 12 million bpd, the…

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