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With $48 per barrel oil production cost, Nigeria has global highest- Faleke

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non-oil

.Says the higher the cost of extracting a barrel of crude oil from the ground, the less funds available to Govt, Nigerians By Mathew Brangyet Nigeria’s $48 per barrel crude production cost remains one of the highest in the world, and with crude oil selling at about $80 at the international market, only $32 is […]

Opec exit strategy, electric vehicles to set energy tone for 2018

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OPEC

Oil markets can see light at the end of the tunnel in 2018. A year of production cuts by the Organisation of Petroleum Exporting Countries, OPEC, and its allies has reduced global stockpiles and revived prices. A barrel of Brent crude is now worth almost a fifth more in value than it was 12 months […]