NNPC: Nigerians consumed 1.2bn litres of petrol in 30 days
Businessam Staff
May 12, 2020
Nigerians consumed about 1. 2 billion litres of petrol in January, with a daily utilisation rate of 38.6 million, a report by the
Oil falls on fears of second coronavirus wave
Businessam StaffMay 11, 2020
Oil prices fell on Monday as investors worried about a second wave of coronavirus infections, but new output cuts from Saudi Arabia
Oil prices rise despite impact of China virus on fuel demand haunting the market
Businessam StaffJanuary 24, 2020
Oil prices climbed on Friday, following a drawdown in U.S. crude stocks, but were set to fall heavily for the week amid worries that a
Oil prices fall as Russia touts easing OPEC+ output
Businessam StaffDecember 23, 2019
Oil fell on Monday after Russia said an OPEC-led pact may consider easing output cuts next year, but prices held near recent
Oil prices to average $62.50 in 2020 as oversupply to persist
Businessam StaffNovember 29, 2019
Uncertainty over global economic and oil demand growth will continue to weigh on oil prices next year as the oversupply in the market
Growth in global oil demand to slow from 2025 – IEA
Businessam StaffNovember 13, 2019
Global oil demand growth is expected to slow from 2025 as fuel efficiency improves and the use of electrified vehicles increases but
Oil’s surge mainly about demand, not OPEC
Businessam StaffApril 24, 2018
By Jason Schenker U.S. President Donald Trump took to Twitter late last week to seemingly blame OPEC for making oil prices
OPEC raises output again as it sees higher 2018 oil demand
Businessam StaffAugust 10, 2017
OPEC forecast higher demand for its oil in 2018 due to rising global consumption and slower supply growth from rivals, although