global oil benchmark

  • India, US Reduce Nigerian Crude Imports

    India, US Reduce Nigerian Crude Imports

    Monday, 15th August 2016
    Both India and the US have reduced their Nigerian crude oil imports by 43% and 53% respectively, a call that translated to a minimum loss of $270m of earnings in the Nigerian economy.
  • Oil Prices Surge Temporarily as Saudi-Iranian Tensions Mount

    Oil Prices Surge Temporarily as Saudi-Iranian Tensions Mount

    Monday, 4th January 2016
    Oil prices rose by more than 3% today in response to the crisis brewing between Iran and Saudi Arabia following the Saudi execution of a prominent Shiite cleric, Sheikh Nimr Baqir al-Nimr.