Oil prices drop on prospect of returning Libyan supplies
Businessam Staff
June 30, 2020
Oil prices fell on Tuesday amid rising COVID-19 cases and a possible return of Libyan oil production, which has been down to a trickle
We won’t give up petrol pricing control function –PPPRA
Businessam StaffJune 29, 2020
The Petroleum Products Pricing Regulatory Agency (PPPRA) has said it does not intend to give up its petrol pricing control function
NNPC records trading deficit of N9.53bn in March
Businessam StaffJune 25, 2020
As the global oil market reels under the impact of low price regime and production cost agreed upon by OPEC and OPEC+ members,
Oil gains amid status of trade deal and Covid-19 pandemic
Businessam StaffJune 23, 2020
Oil gained on Tuesday even in the middle of confusing arising from the status of the trade deal between the U.S. and China. Prices
Nigeria: Democracy, Economy and Crude-oil
Timi OlubiyiJune 23, 2020
By Timi Olubiyi, Ph.D The fact that there has been political stability and democratic governance since 1999 is a laudable development
Optimism around OPEC+ output pact lifts oil prices
Businessam StaffJune 15, 2020
Oil producing nations have something to cheer about as oil prices rose on Monday as indications of increase in demand for crude oil
FG bars debtors from bidding for oil fields
Businessam StaffJune 5, 2020
Companies, including their promoters, indebted to the federal government will not be allowed to participate in the newly launched bid
Oilfield bid round: FG may generate N3.17bn from fees
Businessam StaffJune 4, 2020
The federal government may generate at least N3.17bn from the payment of fees for the marginal fields put on offer for bidding, data
Oil rebound eases concerns about devaluation of Nigeria’s naira
Businessam StaffJune 3, 2020
The rebound in oil prices has given Nigeria’s naira a reprieve, easing investors’ concern that a steep devaluation may be unavoidable.
Oil up nearly 3% ahead of OPEC+ meeting and on easing lockdowns
Businessam StaffJune 2, 2020
Oil prices climbed about $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video