April 5, 2023/OilPrice.com The price of Brent, the global benchmark for crude oil, jumped on Monday, following announcements of voluntary production cuts by member nations of the Organisation of Petroleum Exporting Countries (OPEC), and its allies, jointly referred to as OPEC+. Oil price, which hovered around US$70/barrel a month ago, […]

April 4, 2023/FBNQuest We see from the Debt Management Office’s (DMO) most recent data release on public debt that the FGN’s total domestic debt stock increased by 3% q/q and 15% y/y to NGN22.2trn (USD49.5bn) in Q4 ’22. With respect to share, the FGN accounts for an overwhelming share of […]

April 4, 2023/OilPrice.com Michael Kern Editor, Oilprice.com Chart of the Week – US natural gas prices are at the lowest levels in almost 3 years as mild weather and the oil industry’s drilling spree have created a perfect storm, with associated gas accounting for roughly a third of natural gas […]