February 20, 2024/Oilprice.com Tom Kool Editor, Oilprice.com China’s attempts to boost its economy and renewed attacks from the Houthis in the Red Sea are adding upward pressure to oil prices this week. US Natural Gas Prices Collapse on Milder Weather and Robust Output – Russia is struggling to benefit […]
OPINION/EDITORIAL
A Higher Net Deficit Equivalent to 4% of GDP on the Services Account as of Q3 2023
February 20, 2024/FBNQuest Research Today, we continue our discussion on the balance of payments (BOP), and we shift our focus to the services account, a crucial component of the current account. As shown by our chart below, the services account registered a slightly higher net deficit of -USD3.3bn in Q3 […]
Nigeria’s Crude Oil Production Rises to 1.64 mbpd in January 2024
February 20, 2024/CSL Research According to data from the National Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s crude oil production including condensates, increased 5.85% m/m reaching 1.64 million barrels per day (mbpd) in January 2024, up from 1.55 mbpd in December 2023. Excluding condensates, the production rose to 1.43 mbpd, compared […]
