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, and its partners, a coalition that pumps about half of the world’s oil,…
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 investment management firm that provides a wide range of financial services said.
Oil…
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 in…
President Muhammadu Buhari in Doha, Qatar, has stressed the need for member states of OPEC and non members to unite and find a common ground to stabilise crude oil prices.
The president labelled the current market situation in the…
