“It is a buyer’s market.” This phrase is omnipresent on most oil trader’s lips these days as crude oil prices continue to slide. None typifies this better than the current state of the Nigerian crude oil market. Overhang, glut, oversupply, unsold barrels, are some of the words most associated with Nigerian crude.
Posts Tagged ‘Nigeria’
By Eklavya Gupte | December 14, 2015 10:27 AM Comments (3)
By Elizabeth Bassett | November 12, 2015 05:21 PM Comments (1)
We’re speeding toward the end of 2015, which means that our monthly oil feature, The Oil Big Five, is increasingly focused on topics that could shape the global oil industry into 2016 and beyond.
By Elizabeth Bassett | September 9, 2015 03:52 PM Comments (1)
Oil made its way into various public conversations between last month’s posting of The Oil Big Five and this month’s roundup of some of oil’s biggest and hottest topics. Looking back over the past few weeks, and then looking forward toward the rest of the year, it’s clear that there may not be any slowing down anytime soon.
Welcome, once again, to The Oil Big Five, where we ask our oil editors and analysts worldwide what they think are the most important or interesting topics in oil at the moment.
By Eklavya Gupte | May 25, 2015 12:01 AM Comments (10)
Nigeria and Angola, both situated on the west side of Africa, are two of biggest producers in the region, but the crudes from these two countries have treaded divergent paths in the past year, despite a lot of similarities.
By Elizabeth Bassett | May 13, 2015 12:01 AM Comments (2)
This month’s version of The Oil Big Five marks its first anniversary and we’re pleased to still be serving up a monthly dose of topics to keep an eye on in the global oil industry.
By Eklavya Gupte | March 26, 2015 04:33 PM Comments (3)
On March 28, Africa’s biggest economy and also the continent’s largest oil producer, Nigeria, will go to the polls to elect its new president.
By Elizabeth Bassett | March 18, 2015 12:01 AM Comments (2)
In the US, March often means spring break: children and young adults have a week off school and classes and families take the time to travel, have some adventures in their hometowns, or just try to catch up and catch their breath as the year continues its hurtle forward.
You may have thought we were taking a break from The Oil Big Five, since this entry is coming midmonth instead of at the beginning of March. Thankfully, that’s not the case, and we’ve caught our breath enough to share this listing of five big oil topics our oil editors and analysts worldwide think are among the most important. Leave us your thoughts in the comments below — are there others you want recognized, or would you like to chime in support that one of these topics is affecting you somehow? — and drop us your feedback on Twitter with the hashtag #oilbig5.
By Robert Perkins | February 23, 2015 12:01 AM Comments (1)
With spending cutbacks already taking their toll on global upstream activity, oil companies are being forced to rethink their approach to Africa’s vulnerable high-risk, high-reward exploration frontiers.
By Jacinta Moran | January 23, 2015 08:30 AM Comments (2)
West Africa has suffered one of its most difficult years in 2014. and 2015 is shaping up to be an even more difficult year for that region. While the deadly Ebola virus will eventually wind down, the disruptions caused by the outbreak will continue to cripple the economies of Liberia, Guinea and Sierra Leone.
The political landscape across west and east Africa remains delicate as nations across the region continue to grapple with insecurity and terrorist threats. Africa in 2014 faced intensified terrorism in Nigeria, increased attacks by al-Shabab in Kenya and civil war in the Central African Republic and South Sudan.
By Jacinta Moran | December 16, 2014 12:01 AM Comments (0)
Plummeting oil prices coupled with a significant increase in terrorism, and regime instability pose a direct threat to several sub-Saharan African countries the next year.
2015 will ask searching questions for Nigeria’s political climate as the country heads into a crucial election in February. Campaigning comes against a backdrop of sliding crude prices which have crushed an economy which relies on oil for 70% of its income. Opposition in the north to president Goodluck Jonathan’s re-election has deepened because of a deadly insurgency by Boko Haram Islamists in the region.