OPINION/EDITORIAL

OPECplus Maintains Monthly Output Increase by 400,000bpd

September 3, 2021/CSL Research At the OPEC and non-OPEC ministerial meeting (ONOMM) which was held earlier this week, the committee reaffirmed its position to maintain a gradual monthly output increase by 400,000 bpd. The decision of OPEC to stand pat was unwavering, despite the call by Washington to ramp up […]

Total Nigeria Q2 2021 Results Review: Strong H1 Performance; On Track for a Record Year

September 2, 2021/Proshare By FBNQuest Research  we retain Outperform rating on Total shares Total’s Q2 ’21 results were strong across the P&L. Sales were up 132% y/y to NGN84.6bn, driven by a recovery in all segments. Although we had expected sales to compare favourably with last year because of lockdowns […]