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A BLOCKADE at the Strait of Hormuz has effectively stripped about 9 million barrels per day of crude oil from global supply, with alternative sources failing to fully bridge the gap, according to a new report by Vortexa. Although crude exports from the U.S. Gulf Coast have surged to record levels, much of that increase […]
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NIGERIA’s naira and revenue are threatened as the erratic United States President, Mr Donald Trump, piles pressure on the Organization of the Petroleum Exporting Countries (OPEC) to reduce oil prices. “I am also going to ask Saudi Arabia and OPEC to bring down the cost of oil. You got to bring it down, which, frankly, […]