The approval of the pact extension on Tuesday follows a decision by OPEC producers the previous day
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A self-declared “national front” is leading the charge to salvage refining company SAMIR
“Any deliberate disruption of oil sector operations will severely impact national revenue streams, potentially render NOC in contravention of contractual obligations
Seven other senior officials were also appointed to head NNPC’s subsidiaries.
Oil markets are poised to remain highly sensitive and reactive to supply and demand side factors ahead of the OPEC meeting this month.
The week kicks off with the US ISM Manufacturing PMI for May which is projected to hit 53.0
Nigeria sees fastest first-quarter growth since 2015, driven mainly by the non-oil sector
With the latest economic metrics pointing to signs of stability, the outlook for the Nigerian economy remains encouraging.
Angola was hit hard by the 2014 oil price crash, which pushed its economy into recession
Currently, the entire country produces 1.1 million barrels of oil per day.