Saudi Arabia to invest in Nigeria’s refineries, support CBN with forex
Following a bilateral meeting between President Bola Tinubu and Saudi’s Crown Prince HRH Mohammed bin Salman, the government of the Saudi Arabia “has pledged to invest in the revamp of…
OPEC+ likely to extend oil supply cuts until June – sources
OPEC and its allies are likely to extend existing oil output cuts when they meet next month until mid-2020, with non-OPEC oil producer Russia supporting Saudi Arabia’s push for stable…
Oil prices recover after output from U.S, Russia, OPEC fell
Oil prices rebounded on Tuesday on reports that production at the world’s largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns continued…
Buhari Extends Appreciation to Jordan For Support in Fighting Terrorism in Nigeria
President Muhammadu Buhari on Saturday extended appreciation to King Abdullah II bin Al-Hussein of Jordan for the continuous support Nigeria received from the country in fighting terrorism. Mr Femi Adesina,…
Saudi Aramco plans to change crude oil price formula – sources
July 4, 2018 Saudi Aramco plans to change the formula used to price its long-term crude oil sales to Asia later this year, multiple trade sources said on Wednesday….
Brent crude oil races toward $80 amid strong demand
April 24, 2018 Brent crude oil rose for a sixth day on Tuesday to hit its highest since November 2014 at over 75 dollars per barrel. This development is…