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Why African Govts Should Dump Fossil Fuel Investments – Climate Activists

Climate activists have cautioned African governments against turning the direction of fossil fuel investments to develop the continent and its human capacity, noting that...
Energy

Oil Prices Rally Towards $70 As Demand Outlook Improves

Crude oil prices got a major boost this week thanks to optimistic expectations about demand from OPEC+ and rebalancing fuel inventories in the United States. Brent...
Energy

Three Things That Will Drive Oil Prices In May

The Energy Sector (NYSEARCA:XLE) has taken the lead in the S&P midday sector standings on Wednesday trading, jumping 3.5% as OPEC+ appears ready to stick with earlier...
Energy

Why Nigerian Oil Prices Are Falling

Although it is a very rare occurrence to see Nigerian grades trade at levels stipulated by the Nigerian National Petroleum Company (NNPC) every month,...
Business

36 States May Go Broke As NNPC Makes Zero Remittance To FAAC In May

A serious revenue nightmare awaits Nigeria's 36 states and the FCT as the Nigerian National Petroleum Corporation (NNPC) said it won't be able to...
Business

FG Approves $2.9bn Concession Deal for Escravos Deep Seaport

  The Federal Government has approved a provisional Concession deal with Mercury Marine Concession Company (MMCC), promoters of the Escravos Seaport Industrial Complex (ESIC) for...
Energy

U.S. Oil Inventories Rise Beyond Expectations

Oil prices were trading up on the day prior to the data release despite the coronavirus surge in the world’s third-largest oil importer, India,...
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