March 24, 2020/OilPrice.com Chart of the Week –    China’s annual oil imports increased to 10.1 mb/d in 2019, while the U.S.’ import total averaged around 7 mb/d. –    Roughly 55 percent of China’s oil imports comes from OPEC countries, which is the smallest share since 2005.  –    Russia is […]

Culled—Proshare March 24, 2020 by CardinalStone Research  CBN pushes the FX button; activates monetary stimulus packages In addition to its six initial policy response to the COVID-19 menace churned out on 16 March 2020, the CBN announced a N1.1 trillion stimulus to support local manufacturing & boost import substitution (90.9%) […]

Culled—Proshare March 24, 2020 by CSL Research Yesterday, media reports stated Nigeria has cut its official selling price of crude oil to record lows as the country looks to clear a glut of unsold April-loading cargoes before announcing its May program. According to Reuters, the Nigerian National Petroleum Corporation (NNPC) […]