NIGERIA and the other West African countries crude oil are being threaten by United States’ crudes, Light Louisiana Sweet and MEH, which represents WTI Midland crude at the Magellan East Houston Terminal. LLS and MEH were assessed at parity Monday, for the first time in almost a month, as MEH displaces comparable West Africa crudes in Europe, […]
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Nigeria’s March crude programme is struggling to find outlets, with some 25 million barrels still unsold even as the April loading programme is expected to start arriving this week, traders have said. Despite this, offers for the oil have gone mostly quiet as those holding the cargos wait for reluctant buyers to return to a […]
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Nigeria’s crude export is expected to witness a rise in the month of March. This according to export schedules is because of the reopening of Shell’s Trans Niger Pipeline (TNP) and the lifting of the force majeure on Brass River crude by ENI. Nigeria will increase its exports by three cargoes which is scheduled for […]
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Members of the Senate and the House of Representatives are in a quandary over the crude oil benchmark to recommend for the 2016 budget, The Punch. The N6.07tn budget has had two days of debate on the general principles so far and will likely be referred to the committee stage on conclusion of the second […]
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