Chevron Corporation(CVX) has expected to write down as much as $11 billion in the fourth quarter of the year, which is more than half of its Appalachia natural gas assets. T...
Crack spread is a term used in oil futures trading and is derived from the chemical process of cracking (heating crude oil to certain temperatures to distill off different grades of fuel). A...
Nigeria's foreign trade increased by 58.6% year-on-year in the third quarter of 2021, reaching a new high of N13.28 trillion, up from N8.38 trillion in the same period of 2020, according to Nairametri...
Last month, the Organisation of Petroleum Exporting Countries (OPEC) witnessed a significant decline in oil production due to Nigeria's and Iraq's decreased crude oil exports in March.However, this in...
The Royal Dutch Shell reported its second-quarter earnings result on Thursday. The oil company saw a sharp drop in net profit for the three-month period which ended in June. The last three months have...
Analysts at Goldman Sachs on Friday named big oil stocks that will rally as much as 54% this year, as the transport market gradually recovers and generate cash returns for investors.The investment ban...
The coronavirus pandemic and ensuing lockdown wreaked havoc on Africa's economy and saw a lot of people lose their sources of income. Others, however, did just fine and even managed to perform even be...
The globe is likely to encounter an international scarcity of diesel as a result of the continuous embargoes on Russia, which is deduced to dominate impoverished countries from Nigeria to Sri Lanka ...
The petroleum industry act 2021 establishes the legal, governance, regulatory/budgetary framework for the Nigerian Petroleum Industry and also the development of host communities.As an independent com...
In recent years, Gabon's economy has experienced notable shifts, presenting a mixed bag of opportunities and challenges. Macroeconomic and financial developments have played a pivotal role in shaping ...