The Nigeria Labour Congress, NLC, said it will not accept another increase of petrol pump price, threathening indefinite nationwide strike should the government allowed the hike. Organised Labour has vowed to proceed with a total, comprehensive and indefinite nationwide shutdown of the country, should there be another increase in Petrol Pump price from the existing…
Brent crude futures fell below $76 per barrel on Monday, giving back some gains from last week as global economic uncertainties continued to weigh on the demand outlook. Major banks have downgraded their GDP growth forecasts for China as latest data pointed to a faltering post-pandemic recovery in the world’s top crude importer, Trade Economics…
The oil market is heading for a significant shortfall of around two million barrels per day at the end of the year as a result of a production cut by major producers, the Organisation of the Petroleum Exporting Countries (OPEC) disclosed this on Thursday. In its monthly report for April, OPEC noted the unexpected decision…
