BusinessDay
Nigeria's leading finance and market intelligence news report.

Global Oil Market Is Drowning in Crude Nobody Needs And Could Get Worse

The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies and bring about catastrophic outcomes in oil dependent countries like Nigeria. Onshore tanks in many markets are full, forcing traders to store excess oil in idle supertankers. Refineries are starting to shut down because nobody…

Don’t miss another story

Become a BusinessDay Subscriber today.

For insights, facts, figures, and access to opportunities.
Options starting from N1000 Monthly
Already a subsriber?

Get real time updates directly on you device, subscribe now.

Comments are closed.