The Honourable Minister of State for Petroleum Resources, Chief Timipre Marlin Sylva, on Thursday, explained that the need to protect the generality of the public from undue exploitation and prevent inordinate profiteering by oil marketers has made it mandatory for the Federal Government to keep a close monitor of the…
US oil prices have crashed on Monday 20th April 2020, to a record low, as demand continues to plummet over the continued and compulsory stay at home due to the coronavirus pandemic. This negative US Oil Price means, oil producers are paying buyers to take the commodity off their hands…
The OPEC and Russia meeting scheduled for Monday 6th April 2020 to discuss supply cut and the oil market crisis, has been moved to 9th April 2020. According to CNN, the meeting which was called by Saudi Arabia, comes after President Donald Trump suggested that massive production cuts could be…