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Industry

According to an impact analysis from Rystad Energy, exploration and production (E&P) companies are likely to reduce project sanctioning by up to US$131bn, or about 68 per cent y-o-y, as they batten down the hatches to weather the storm

Nigerian central government would not borrow US$22.7bn for the time being, as it streamlines its finances in the midst of depleting revenues brought out by the fall in oil prices

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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