Recent and ongoing global events have created massive demand destruction in crude oil, agricultural products and precious metals such as gold March 16, 2023 By Abiodun Adebimpe, Head of Custody Services for RMB West Africa The Russian-Ukraine war and the lingering impact of the COVID-19 pandemic have severely weakened West […]
OPINION/EDITORIAL
Pre-MPC March 2023: Arguments in Favour of a 50bps Hike in MPR
March 16, 2023/Cordros Report The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is expected to hold its second meeting of the year on the 20th and 21st of March. Suppose the evolution of events in the international and domestic scenes since the last policy meeting is […]
FY-2023 OPEC Crude Demand Revised Down by 0.2 Million Barrels Per Day (mbpd)
March 16, 2023/United Capital Research Data from Mar-2023 Monthly Oil Market Report by the Organisation of the Petroleum Exporting Countries (OPEC, or Oil Cartel) revealed a downward revision of its crude oil demand from 29.5mbpd to 29.3mbpd (FY-2023), showing a drop of 0.2mbpd for the full year. On a quarterly […]
