While oil prices rebounded last week on hopes of successful negotiations between Saudi Arabia and Russia, they went back down again following the negotiations’ delay
Industry
Nigeria reduces the price of PMS, twice in a row
The Nigerian government has further slashed the price of Premium Motor Spirit (PMS) to US$0.32 per litre
GlobalData: Coronavirus creates supply chain and workforce management challenges for oil and gas EPC projects
Following the coronavirus (COVID-19) outbreak, China, the world’s biggest importer of crude oil, has been forced to cut down on consumption
API releases new sustainability reporting guidance with international community
Three leading global natural gas and oil industry associations – API, IPIECA and IOGP – released the fourth edition of the “Sustainability Reporting Guidance for the Oil and Gas Industry
‘Nigeria is most vulnerable as crude demand declines and supplies build up’
Nigeria is the most vulnerable country with the least capacity to spare as crude demand declines and supplies build up, according to a new assessment of oil markets by IHS Markit
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