Commodities

Crude oil prices have exhibited intriguing patterns over the years, with seasonality playing a significant role in shaping these fluctuations. One fascinating statistic that captures attention is the observation that crude oil prices tend…

Coincidences can often lead us to uncover unexpected connections and patterns. For instance, it is no coincidence that Nigeria, a country known for its abundant reserves of crude oil, has become one of the world's largest exporters of this…

Crude oil plays a vital role in powering the global economy, with over 100 million barrels consumed every day. However, navigating the complex crude oil supply chain comes with numerous challenges that require careful consideration and…

In the quest to unlock Nigeria's energy potential, one cannot overlook the pivotal role that crude oil refining plays. Like a hidden treasure waiting to be discovered, Nigeria possesses vast reserves of crude oil, making it an essential…

In the blink of an eye, the global crude oil sector faced a perfect storm as the COVID-19 pandemic wreaked havoc on economies worldwide. Nigeria, heavily reliant on its crude oil exports, found itself at the epicenter of this whirlwind. The…

"In the realm of energy resources, Nigeria's crude oil reserves have long been regarded as a hidden treasure trove, waiting to be unlocked and harnessed. As the old adage goes, 'fortune favors the bold,' and Nigeria's vast oil reserves…

In recent years, global energy transition has been a major focus of governments and policymakers around the world. According to the International Energy Agency (IEA), energy-related carbon dioxide emissions have risen by 1.7% in 2018 – an…

Oil has long been a staple of the global energy sector, providing both economic and environmental benefits. But as awareness of climate change increases, so too does the need for cleaner sources of energy. This has led to a new trend:…

Oil reserves are a major source of wealth for many countries. The 10 largest crude oil reserves in the world contain enough to fuel economies, power industry, and create tremendous value. But which countries hold this precious commodity?…

The global oil industry is an influential and powerful force that shapes the world economy. Crude oil benchmarks, such as Brent and WTI, play a significant role in determining the price of oil. According to the U.S. Energy Information…