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US Fears That Russia Could Still Evade The Oil Price Cap

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The US has said that Russia could still evade the planned price cap on its oil because it may likely have access to enough...
Expect Fuel Price Increase in January, IES Tells Ghanaians

Expect Fuel Price Increase in January, IES Tells Ghanaians

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 The Institute for Energy Security (IES) has projected that the price of fuel would increase marginally in the first pricing window of January, 2021. Institute...
Pre-Pandemic Oil Price Demand Not Attainable in 2021 – Yergin

Pre-Pandemic Oil Price Demand Not Attainable in 2021 – Yergin

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Despite the gains stirred up by the news of coronavirus vaccines, the global oil demand will take another year or so to return to...
Oil Price Slips as New Coronavirus Strain Spreads

Oil Price Slips as New Coronavirus Strain Spreads

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Oil prices slips on Tuesday, extending sharp losses overnight, as the rapid spread of a new strain of the novel coronavirus in the United...
Oil, Gas After Covid-19: Day of Reckoning or A New Era of Opportunity?

High Costs, Contradictions Cloud Nigeria’s Outlook

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Nigeria Outlook has clear oil exploration potential but government policy on the sector is unclear, with one option being a switch to gas. Companies working...
Petrol Price Hikes: PETROAN, NOGASA Lament N500bn, N320bn Losses Respectively

Petrol Price Hikes: PETROAN, NOGASA Lament N500bn, N320bn Losses Respectively

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     …But Reject Strike Action by NLC, TUC as solution Two oil sector organisations, the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), and...

How beneficial is rise in oil price to Nigeria?

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Pita Ochai As oil price return to $70/bbl, exporting countries are on the jubilation side. Production cuts by the Organisation of Petroleum Exporting Countries, OPEC,...
Oil Price Slips as New Coronavirus Strain Spreads

Oil to hit $80 within six months — Goldman Sachs

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THE oil market has rebalanced as Brent will reach $82.50 a barrel within six months, Goldman Sachs, a leading global investment banking, securities and...

Oil price May Hamper Brazil’s Plans to Open Pre-salt Fields

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The Brazilian parliament has approved a legislation aimed at removing Petrobras’ obligation as sole operator of the country’s pre-salt developments. According to analyst Douglas-Westwood (DW), these ultra-deepwater fields, discovered...

Buhari Urges OPEC Members To Unite And Help Stabilize Oil Prices

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President Muhammadu Buhari in Doha, Qatar, has stressed the need for member states of OPEC and non members to unite and find a common...