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Saturday, July 4, 2020

Nigeria’s daily domestic gas consumption slumps to 37m liters, seeks end fuel imports

Nigeria has the world's ninth largest proven gas reserves, at 187 Tcf Nigeria sets aside 450,000 b/d of its share of the crude produced jointly with foreign oil partners Nigeria's daily domestic fuel consumption had already dropped from 50 million liters a year ago...

Ghana, Ivory Coast leads Nigeria in Cocoa output, agree on 2019/20 export volumes

At a time Nigerian Cocoa producers are battling for survival due to government’s near negligence of the sub sector, Ghana and Ivory Coast are set to jointly decide on the volume and timing of cocoa exports by August for the 2019/20 season. According to the...

H1 Outlook: US-China trade war impact Asian soybean market

Singapore — In 2019, the US-China trade war will continue to be the main focus for the Asian soybean market. China -- the world's largest buyer of soybeans -- is also the biggest importer of US soybeans. In 2017, China imported 55% of the...

Corn prices down 2.5% as wheat sheds 0.8%

Corn price went down 2.5 percent for the week ended May 31 just as the Chicago Board of Trade (CBOT) wheat prices suffered 0.8 percent loss, according to various reports monitored by businessamlive.com The US corn export prices lost $4 per metric tonne for June...

Crude oil lifting: Nigeria seeks long-term contracts

18 January 2017, FCT, Abuja – The Federal Government is planning to move Nigeria away from holding annual contracts for the award of contracts for the lifting of the nation’s crude oil. The plan is to replace this with long-term contracts that would see the...

Nigeria’s lack of storage facilities at seaports discouraging cashew trade – Exporter laments

A cashew nuts exporter, Mr Mathew Obot, has appealed to the federal government to provide storage facilities at the country’s seaports to enhance preservation of commodities before export. Obot made the appeal in an interview with the News Agency of Nigeria (NAN) on in Lagos...

EU demands compensation for U.S. steel tariffs at WTO

GENEVA, April 16 (Reuters) - The European Union is seeking compensation from the United States for U.S. tariffs on steel and aluminium, despite Washington's assertion that they are not subject to World Trade Organization rules, a WTO filing showed on Monday. In a step already...

Oil rises on prospect that output cut could extend beyond 2017

By Henning Gloystein | SINGAPORE Oil prices rose on Monday as Saudi Arabia's energy minister said an OPEC-led production cut scheduled to end in June would likely be extended to cover all of the year, or even into 2018, although another increase in U.S. drilling...

W. Africa Crude-Nigeria’s Forcados set to return, Indian IOC issues new tender

LONDON May 9 (Naija247news) - Nigerian and Angolan June-loading cargoes were slowly clearing after a few deals and fresh offers, though light crude is set to become even more competitive with the return of Nigeria's Forcados. Shell is testing Nigeria's Trans Forcados crude export pipeline...

Australia Set To Be Largest LNG Exporter By 2020

(Click to enlarge) Harold Hamm, Chairman of Continental Resources (ticker: CLR) sees attractive long-term growth prospects in global gas demand, the Financial Times reported in a recent story about Hamm. Hamm expects U.S. LNG exports to rise from about 3.5 Bcf/day in 2017 to 10 Bcf-11...
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