There are indications that Nigeria's oil sales may be going through difficult times following President Donald Trump's new strategy to increase U.S. dominance in the global oil market. The benchmark global price of crude oil has dropped due to escalating trade tensions between China and the U.S and this may negatively affect Nigeria's 2019 budget goals.
Declining Crude Oil Prices May Worsen Country's Vulnerabilities
This Day, 12 August 2019
The steady decline in crude oil prices last week, which saw a drop below the $60 per barrel benchmark price in the 2019 budget, may worsen the country's vulnerabilities, analysts… Read more »
Nigeria in Danger of U.S. Competition in Oil Sales
Vanguard, 13 August 2019
There are indications that Nigeria's oil sales may be going through difficult times following the Donald Trump's new strategy to enthrone USA's dominance in the global oil market. Read more »
Beware of NNPC's Advice, Petroleum Economist Warns Govt
The immediate past president of Nigerian Association for Energy Economics, NAEE, Professor Wumi Iledare, has cautioned the Presidency against allowing the Nigerian National… Read more »
Rehabilitation in Port Harcourt Refinery Still Ongoing - NNPC
Daily Trust, 13 August 2019
The Nigerian National Petroleum Corporation (NNPC) has said that the rehabilitation of the two Port Harcourt Refineries were still ongoing. Read more »
Can Nigeria's oil sector get a much needed boost by introducing reforms? see more »
The Nigeria Natural Resource Charter has said that the country is fast losing its competitiveness in the global oil market due to hydrocarbon discoveries in new jurisdictions ... Read more »
The state of refineries and the importing of petroleum products are two areas that Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation ... Read more »
The largest refinery project in Africa being built by Aliko Dangote, will not be completed until the end of 2020, due to challenges of importing of steel and other equipment. Read more »
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