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Opinion

The Oil Rally Is Running On Fumes, By Nick Cunningham

Oil prices have surged to two-month highs on growing signs of a rebound in oil demand, as the easing of lockdowns spread worldwide. At its...

Opinion

Nigeria Stares Into The Abyss of A Life Without Oil Cash, By Bloomberg

PwC economist says Nigeria may face years without oil revenue IMF approves biggest ever financial support to the country Africa’s most populous nation is...

Opinion

Oil Slump, Coronavirus Create a Perfect Storm for Nigeria’s Economy, By Joe Parkinson and Benoit Faucon

The crash in oil prices and the economic fallout from the coronavirus together pose what could be an existential threat for Africa’s largest economy...

News

Virus Adds To Woes of Nigerian Banks Beset By Oil’s Collapse

Fallout from crashing oil prices risks surpassing that of 2014 Some lenders may not survive the oil slump, Chapel Hill says Nigerian banks have...

Economy

Even At $10 A Barrel, Oil Traders Balk At Buying Nigeria’s Crude

The oil price crash isn’t getting any easier for Nigeria Late on Monday, the nation released the prices for most of its crude oil...

Business

Oil Crisis: FG Weighs Options, May Ask Oil Majors to Cut Output As Friday Deadline Approaches

By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) As Nigeria, Africa’s Oil giant, grapples with the global impact of the terrifying Oil...

Opinion

Warren Buffett Is On The Lookout For Oil Industry Bargains, By Irina Slav

Two publications this week came out with headlines that Warren Buffett predicted the current oil price crash. Both referenced a 2016 interview of Buffet for CNBC...

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