Latest news
World Bank offers $486 million for the improvement of the Nigerian power grid
World Bank decided to lend 486 million dollars for the improvement of the Nigerian power grid.
read more... 16/02/2018
Daily (19.12.2017): European carbon prices soared by over 3% on Monday
Benchmark Brent crude prices edged higher on Monday, buyout by a North Sea pipeline outage and a workers' strike in the Nigerian energy industry, but U.S. prices slid slightly, highlighting worries about increasing U.S. production. Brent crude futures traded 18 cents, or 0.3%, up at $63.41. U.S. crude futures fell 14 cents to $57.16.
read more... 19/12/2017
Russia aims to construct nuclear power plant in Nigeria
Russia aims to construct nuclear power plant in Nigeria
read more... 06/11/2017
Nigeria state oil firm drives production price of oil barrel from $29 to $23
Nigeria announced that it has reduced the production cost per barrel of crude oil from $29 last month to $23. The cut in price follows complaints about the price of the barrel being the highest in the world.
read more... 17/08/2017
Daily (09.08.2017): Oil prices were bearish on Tuesday due to higher oil exports
Oil prices were bearish on Tuesday on increasing exports from United States, Libya and Nigeria. A recent recovery in Libya's oil output, and higher production in Nigeria, have complicated OPEC's efforts to curb supply. The U.S. EIA petroleum status report will be published on Wednesday, giving details on stockpiles and refinery runs that are expected to decline. Brent crude decreased by 0.44% to close at $52.14 a barrel, while WTI price fell by 0.45% to end at $49.17 a barrel.
read more... 09/08/2017