Producers agonise in oil price slump
By Sonny Atumah The downbeat demand for global oil is on. No one wants oil now. Refineries are not processing more crude. Manufacturing demand for crude is weak. The global oil stockpiles continue to build with caverns almost full to their brims. Supertankers or very large crude carriers heavily laden with 160 million barrels of […]
Petroleum problem child: One year blithe deregulation
The Organisation of Petroleum Exporting Countries, OPEC a fortnight ago got producers to cut production from January 1, 2017 to shore up the price of crude in the international market. OPEC and non-OPEC producers again last Saturday reached a deal to jointly have an oil freeze to ease the global glutted market since July 2014. Nigeria was exempted from production cuts to make up for lost grounds occasioned by militancy in the Niger Delta since February 2016.
That long pipeline to import Niger republic crude
Buhari’s mandate subsists for our leader in the heroic mold, but not the experiences rulers that are complete and prevent any movement of change
Oil production cut and ‘opexit’ threats
It had indeed been a flurry of who controls production and market share that resulted in the present global instability
$15b lndian loan: Little meat in the bone
The diversification experience of a few successful oil exporters suggests that diversification usually takes place amid dwindling oil revenues
Cop22 fossil fuels worry beads for technology
Indeed climate change affects water supplies, agriculture, power, transportation systems, health, safety and environment
