November 14, 2022/CSL Research Following the reopening of the Forcados crude oil pipeline by Shell Petroleum Development Company in October and the recent clampdown on illegal pipeline connections at various locations, the nation’s crude oil production volume improved by 8.18% month-on-month to 1.01mbpd (1.23mbpd with condensates) from 0.938mbpd (1.14mbpd with […]
OPINION/EDITORIAL
Resilience in FAAC Payouts
November 11, 2022/Coronation Research The gross monthly distribution by the Federation Account Allocation Committee (FAAC) to the three tiers of government and public agencies amounted to N760.23bn in October (from September revenue). This shows an increase of 12.9% m/m or N87.1bn from the previous payout. Based on data from the […]
China’s Covid Saga Sends Oil Prices Spiking Again
November 11, 2022/OilPrice.com Tom Kool Editor, Oilprice.com Oil prices are once again reacting to Covid news out of China, with the government easing some of its Covid restrictions and boosting hopes that China’s oil demand could start bouncing back. Friday, November 11th, 2022 Better-than-expected US inflation data and China’s long-anticipated […]
