Understand the recent spike in global oil prices, analyzing the influence of geopolitical events and ongoing supply chain disruptions on the energy market.

Investment in the oil and gas industry will see a tentative recovery in 2017 after an “unprecedented contraction” in 2016 and 2015 in face of stubbornly low energy prices, the International Energy Agency said in a report on Tuesday. The IEA said upstream oil and gas investment — such as in exploration and production facilities…

Minister of state for petroleum   Emmanuel Kachikwu during a Bloomberg Television interview from Rome, predicted that the price of crude oil currently floating around $55 since December will sooner or later increase by $10  due to OPEC measures to curb  insider dealing. He also said over the next few months the effect of the measures…

The CBN conducted a special foreign exchange auction for backlog of demand by fuel importers. The apex bank of Nigeria has asked banks to submit bids for a “special currency auction” for PMS importers to  offset the backlog of dollar demand by importers of fuel . It is a known fact that Nigeria consumes 4.5…