Adebayo Obajemu French oil and gas giant , Total’s Egina will bear the largest burden of cuts as Nigeria makes effort to achieve full compliance with...
OPEC kingpin Saudi Arabia and non-OPEC leader Russia said Monday that the success of the energy alliance’s latest production cuts relies on all members complying with...
The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC allies, known as OPEC+ have agreed to extend the 10-million-barrel-per-day (mbd) first phase of the oil output...
Oil prices dropped on Thursday, reversing gains in the previous session, on concern over whether major crude producers will be able to agree to extend record...
…Projects 4 % ($15 bn) deficit of GDP in 2020 By JULIUS ALAGBE Experts have estimated that Nigeria will record current account deficits first time in...
By JULIUS ALAGBE Fitch, an international rating agency has stated that reduction in Nigeria’s oil supply into the market will affect growth, and impact on the nation’s...
The world economy is in dire straits. And Nigeria is not excluded. At the moment, there is a consensus that the world economy will certainly plunge...
Lukoil, the second-largest oil producer in Russia, plans to slash its crude oil production by 18 percent, or by 290,000 bpd, as part of the new...
By JULIUS ALAGBE As the impact of COVID-19 continues to be felt globally, there are indications that deposit money banks in 2020 performance would drop due...