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Business

Oil Crisis: Fresh Concern Mounts In Nigeria As Goldman Sachs Predict Drastic Deficit Next Month

Glut Expected as 117 Tankers Head to China Experts Hail Swift OPEC+ Oil Cut Deal For Nigeria, a country whose economy is about 97%...

Energy

Fresh Headache For Oil Market Recovery Amid Fear Of Second Wave Of COVID 19 Infections

The International Energy Agency (IEA) on Thursday projected that the much-needed oil recovery could be threatened by two major uncertainties; a possible second wave...

Energy

Hope Rises For West African Crude As Indian IOCs Set to Mop Up Glut

There seems to be a glimmer of hope for unsold cargoes of crude in the global market as India’s International Oil Companies, IOCs issued...

Opinion

The Sad Truth About The OPEC+ Production Cut, By Simon Watkins

Quite aside from the subtler elements of the oil deal announced late last week that are likely to undermine its ability to stave off...

Energy

Oil Prices Plummet Towards $20 Per Barrel Despite OPEC, Others’ Deal

G-20 Intervenes, To Roll Out More Production Cuts Weekend By Hamilton Nwosa(Head, The New Diplomat’s Business and Data tracking desk) Oil prices have continued to plummet towards $20 per...

Energy

Escalating Oil Price War: Why Russia Won’t Blink First

Russia will not be the one to first demand a stop to the oil price war with Saudi Arabia because Russian President Vladimir Putin...

Business

OPEC Deal Collapse Sparks Price War: ‘$20 Oil In 2020 Is Coming’

Experts are calling dramatically lower crude prices as major OPEC and non-OPEC producers prepare for an all-out price war, in a sudden U-turn from...

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