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Nigeria to Boost Domestic Gas Supply by 2.2billion Cubic Feet

The construction of the Ajaokuta Kaduna Kano (AKK) gas pipeline project is set for inauguration on Tuesday by the federal government to boost domestic utilisation of gas in the country. The project, expected to be completed within a 24-month timeline, is a section of the Trans-Nigeria Gas Pipeline (TNGP) with …

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Oil Prices Drop Amidst Fear of Libya’s Supply

Oil prices dropped on Tuesday, amid concerns over a second wave of coronavirus following easing coronavirus-led lockdown restrictions in more countries. On the supply side, market participants are watching to see whether Libya, which can produce about 1% of global oil supply, is able to resume exports. Reuters reported that …

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Oil Prices Defy Sentiment as COVID-19 Cross 10.1 million

Oil prices erased most earlier losses on Monday, with the WTI crude trading around $38.5 a barrel and the Brent crude near $41 a barrel as investors focus shifted to the global economic recovery. Investors’ hope on monetary stimulus rose after the People Bank of China said it will implement …

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