Industry
History’s largest oil glut just months away, says Rystad Energy
The largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April, creating an imbalance of around 10mn bpd
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Nigeria bans public service officials from travelling outside the country
Nigeria bans its public service officials from travelling outside the country, stops issuance of visa and restricts from COVID-19 prone countries
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‘Uncertainty looms over oil and gas M&A deals landscape amidst coronavirus outbreak’
The recent coronavirus (COVID-19) outbreak is adding further woes for the oil and gas industry, which is already plagued by oversupply and declining prices
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Presidential Advisory Council recommends measures to stablise economy
Nigeria’s Presidential Advisory Council had warned that in the midst of the falling price of oil due to the ravaging COVID-19, Nigeria risked sliding into recession
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Global oil demand now at 2.8mn bpd: Rystad Energy
Global oil demand will decrease by 2.8 per cent or 2.8mn bpd per day year-on-year as the spread of coronavirus continue to escalate, according to consultant Rystad Energy
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More Articles ...
- Petroleum complex tumbles as coronavirus measures slash demand
- ‘Deepwater acreage will continue to attract significant company interest through 2020’
- Nigeria expects to spend less on importing refined products
- TechnipFMC wins iEPCI contract for BP Platina Field in Angola
- Amarinth taps into oil and gas projects in Africa with new territory sales manager
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