OPEC, allies must cut output by 1.5million bpd to prop prices back to $70 per barrel
Bukola Odufade
December 6, 2018
Organization of Petroleum Exporting Countries (OPEC) and its allies must cut 2019 supply growth by 1.5 million barrels per day if they
NCDMB disburses $21 million to local firms from local content fund
Bukola OdufadeDecember 6, 2018
Nigerian Content Development and Monitoring Board (NCDMB) says it has disbursed $21 million out of the $200 million Nigerian Content
OPEC output level rises to 33.08 million barrels per day, on the back of Saudi Arabia and UAE
Bukola OdufadeDecember 6, 2018
Organization of Petroleum Exporting Countries (OPEC) has increased production levels in November, to 33.08 million barrels per day, a
Qatar’s decision to leave OPEC to have no major impact on the global oil market, say Fitch analysts
Bukola OdufadeDecember 4, 2018
Analysts at Fitch Solutions Macro Research have said that Qatar’s decision to leave the Organisation of Petroleum Exporting Countries
Oil prices rally to $63 on comments from Rouhani, improved US-Chinese trade relations
Bukola OdufadeDecember 4, 2018
Crude oil prices rallied again on Tuesday, with defiant comments by Iran’s president and the thawing of US-Chinese trade
OPEC+ unlikely to reach a consensus on production cuts, says Iran’s OPEC governor
Bukola OdufadeDecember 4, 2018
Organisation of Petroleum Exporting Countries (OPEC) and its allies are unlikely to extend their production cut agreement at this
Oil and gas players need to understand how renewables will affect their industry, because it’s time for clean energy
Bukola OdufadeDecember 3, 2018
A whole new industry has emerged from the conversation happening around sustainable energy. This industry is clean energy technology,
ExxonMobil to power oil production using solar, wind farms
Bukola OdufadeNovember 29, 2018
ExxonMobil is looking to renewable energy sources to power its shale production in the Permian basin as it signs a deal with Orsted, a
Nigeria spent N900 billion on petrol imports in Q3
Bukola OdufadeNovember 28, 2018
Nigeria spent over N900 billion on the importation of 4.73 billion litres of petrol in the third quarter of 2018. Data sourced from
Unsubsidised solar, onshore wind energy now cheapest forms of energy generation – BNEF
Bukola OdufadeNovember 27, 2018
Unsubsidised solar and onshore wind energy are now the most cost effective source of new bulk power in all major economies except