Olusola Bello

The price of crude oil in the last two weeks rallied between $59 and $62 per barrel, the highest in thirteen months. This was after oil price sank to historical lows in the wake of the…

OPEC has said that COVID- 19 pandemic remains the overarching concern in the global economy. It says the ongoing lockdowns in many Western economies are dampening the economic recovery in…

Nigeria’s crude oil is currently making waves among India refiners, as the current action by Saudi Arabia of reducing crude supply to the international market has enable Nigeria to maximise…

Nigeria may demand increased daily crude oil production from OPEC+ in March when the restriction placed on the country’s production quota is expected to be lifted. OPEC+ had placed the…

Work on the multibillion-dollar Nigeria Liquefied Natural Gas (NLNG) Train 7 is expected to commence by May this year, according to Timipre Sylva, minister of State for Petroleum Resources.…

Worried by the steady rise of crude oil prices, oil marketers have called for a collective approach to mitigate the effect of subsidy removal, saying the impact could be devastating on the…

Shell has set out its strategy to accelerate its transformation into a provider of net-zero emissions energy products and services, powered by growth in its customer-facing businesses. A…

The Minister of State for Petroleum Resources, Chief Timipre Sylva has announced new dates for the 2021 Nigerian International Petroleum Summit (NIPS). The official Oil and Gas meeting of…

Axxela Limited has been accorded favourable national scale issuer ratings of BBB+(NG) and A2(NG) in the long term and short term by Global Credit Ratings (“GCR”). The ratings are valid until…

Nigeria and other OPEC+ in the month of January comply fully with the cartel production out. This has consequently resulted in the upward movement of the price of crude at the international…