NIGERIA: THE CRUDE OIL ECONOMY

Synterra the Nigeria Risk Management Consultants provide insight into how the oil markets affect the Nigerian economy. Nigeria's reliance on crude oil receipts is total. At a time of increasing volatility and uncertainty this blog seeks to provide an analysis of the effect the global energy markets have on business in Nigeria, their relationship with OPEC and how local policy decision making affects investment opportunities.
INCREASE IN EQUITY SHORTS AS CRUDE PRICES COLLAPSE

INCREASE IN EQUITY SHORTS AS CRUDE PRICES COLLAPSE

After trading as high as $65.65 on Jan. 8, WTI crude oil futures have fallenWTI crude oil traded around $53.14 on the NYMEX in early Monday trading, down almost $5 a barrel in the past week and only $3 short of a 52-week low . Oil began 2020 with a quick...

quassim-Soleimani-General The Iranian puppet masters demise

SHALE LOCKS IN ON HEDGE IN AFTERMATH OF ASSASINATION

According to data compiled and circulated by Bloomberg on Monday a  number of large trades in the financial options market were booked last  Friday, notably some average-price options in the form of three-way collars on the New York Mercantile Exchange(NYMEX) for 2020 and 2021. Those strategies involve a producer buying put...

OPEC-Oil-Bulls OPEC revised 2020 outlook more bullish

OPEC SEEK BULLS AS THEY REVISE 2020 OIL OUTLOOK

Organization of the Petroleum Exporting Countries (OPEC) has revised its outlook yet again and now forecasts  that there will be  a small deficit in global  oil markets in 2020 and believes  that the market is much tighter than previously predicted. The new outlook  provided support for crude oil benchmarks as  prices...

Phase-One-China-US-Trade-Deal

MARKETS DOWN AS OPEC CUTS REPLACED BY TRADE WAR FEARS

Last week, the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+ including Russia agreed to increase output cuts from 1.2 million barrels per day (bpd) to 1.7 million bpd in an attempt to balance the market and to support prices. Yet oill prices fell for a second day in a...

471bd07fdaa7b040f7ab8b2a13f8f35b_XL US-CHINA TRADE DEAL?

BRENT WTI MOVE UP ON PROMISE OF US-CHINA TRADE TALKS

Brent Oil Futures was up 0.13% at $61.03 a barrel, as of 12:40AM ET (04:40 GMT), while Crude Oil WTI Futures was up 0.12% at $56.37 a barrel. The EIA released an forecast predicting U.S. crude oil inventories decreased 4.8 million barrels in the week to August 30. This comes after...

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