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Oil & Gas
Policies to promote competition, protect consumers key after subsidy removal –…
To cushion the effect of the removal of petrol subsidies, experts say the incoming government must enact policies that will enhance supply liberalisation, promote competition and price…
Petrol price post-subsidy hangs on dollar rates
The naira-dollar exchange rate is a major factor that will determine the pump price of petrol after the removal of subsidy.
At the current petrol pricing template, the pump price of…
Subsidy, stranded crude rob Nigeria of gains in OPEC+ cut
The Organisation of Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, unexpectedly announced on Sunday additional cuts to oil production of over 1.16 million…
Nigeria struggling to sell its oil amidst price rally
Nigeria is still struggling to find buyers for its oil with more than half of the country’s April crude oil supply still unsold according to Bloomberg.
Nigeria’s woes have worsened by…
Oil producers under OPEC alliance to cut output by 1.16m from May
Saudi Arabia and other OPEC+ oil producers, on Sunday, unexpectedly announced additional cuts to oil production of over 1.16 million barrels per day. Analysts predicted an immediate increase…