Nigeria’s oil exports will reach their highest in six months in November, led in part by an increase in supply of the country’s four largest crude grades, according to loading programmes. Total loadings of Nigerian crude will rise to 1.876 million barrels per day in November, from October’s 1.652 million bpd, according to a report […] …
oil export
Iran sees oil price hitting $100 amid supply disruptions
‘Femi Asu with agency report Oil will soon cost $100 per barrel due to supply disruptions caused by the United States President, Donald Trump, Iran’s representative at the Organisation of Petroleum Exporting Countries, Hossein Ardebili, has said. The international oil benchmark, Brent crude, was trading around $77.49 per barrel as of 8:20pm Nigerian time on […] …
Nigeria’s oil exports face more competition amid output decline
The nation is facing a double whammy of crude oil production decline and growing competition in the global market, ’FEMI ASU writes At a time the global oil benchmark, Brent crude, has increased significantly, Nigeria has suffered a decline in crude oil production, coupled with a rising competition in the global market. Brent, against which […] …