OPEC
Oil revenues from producing states make up 41% of N418.8bn shared by FG in May
Nine oil producing states, including Lagos, contributed N174.99 billion (or 41 percent) in oil revenues to the N418.82 billion shared…
Oil, gold and bitcoin
The falling price of oil did not garner any mainstream financial media attention until today, when U.S. market participants woke…
OPEC has few escape routes from another bear market in oil
Oil’s back in a bear market and investors remain unmoved by last month’s agreement to prolong supply cuts, leaving OPEC…
Oil market heading in right direction, says Saudi’s energy minister
Saudi Energy Minister Khalid al-Falih said the oil market is heading in the right direction but still needs time to…
Falling oil prices may hurt external reserves, CBN naira defence policy
The consistent fall in global oil prices in the past few weeks may hurt the nation’s external reserves and inhibit…
OPEC hopeful on outcome of production cuts, see uptick in demand, price rally
Member countries of OPEC, including Nigeria, which have continued to manipulate the quantity of crude oil pumped into the international market to…
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