Tag: Crude Oil

NNPC ships first cargo of new crude grade to Netherlands, advancing Nigeria’s oil trade

Nigeria’s NNPC ships 950,000-barrel Cawthorne crude to the Netherlands, expanding exports and strengthening its oil market role.

Omokolade Ajayi Omokolade Ajayi

Nigeria capitalizes on $100 per barrel oil as production hits 1.84 million bpd

Nigeria boosts crude output to 1.84 million barrels per day amid $100 oil, aiming for stronger export revenue.

Omokolade Ajayi Omokolade Ajayi

Fuel costs jump across Africa as governments rush to shield households

Fuel costs surge across Africa, forcing governments to cut taxes and adjust prices to ease pressure on households amid global supply shocks.

Omokolade Ajayi Omokolade Ajayi

Nigeria moves to capitalize on oil surge amid global supply tensions

Nigeria plans to boost oil production amid global supply tensions, aiming to increase output and benefit from rising crude prices.

Omokolade Ajayi Omokolade Ajayi

Rising oil prices may ease Algeria’s budget strain, boost reserves

Oil price surge supports Algeria’s budget, while other African nations face inflation and import costs.

Omokolade Ajayi Omokolade Ajayi

Oil at $85 boosts Nigeria, Angola but pressures South Africa’s economy

Oil at $85 boosts Nigeria and Angola’s revenues but raises fuel costs and inflation in South Africa.

Omokolade Ajayi Omokolade Ajayi