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Nigeria’s LNG Sales Slump Amid Security And Investment Challenges

By Michael Kern  Nigeria’s revenues from LNG exports declined in the first quarter of 2023 to the lowest in five quarters, due to security challenges...
Energy

OPEC+ Unlikely To Announce Additional Oil Output Cuts

By Tsvetana Paraskova The OPEC+ group is not expected to announce another round of oil production cuts when ministers meet this weekend, OPEC+ sources told...
Energy

Will OPEC+ Surprise The Market With Another Output Cut?

Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman warned speculators again this week. Oil’s short positions are considerable, at 184 million barrels as...
Energy

Proton Energy Plans Radical Upgrade of Nigeria’s Energy Supply

By Yemi Yusuf Proton energy, a leading independent power plant developer in sub Saharan Africa, is set to revolutionise Nigeria’s power sector by adding 1500MW...
Energy

OPEC Cut Failed To Lift Oil Prices, But The Year Isn’t Over Yet

Oil prices have seen a 4-week losing streak.  Recession fears continue to weigh on sentiment in oil markets. Many analysts continue to see...
Energy

$70 Oil Creates Opportunity In Canadian Oil Stocks

Canadian energy stocks are looking increasingly cheap after the latest selloff in crude prices. Wall Street still believes that Canadian energy stocks will...
Energy

Nigeria’s Oil Output Is 1 Million Bpd Lower Than Its Capacity

By Irina Slav  Nigeria is producing 1 million barrels daily less than it can produce, local media reported today, citing the country’s federal government. The government...
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