This year has been brutal for the oil patch. Dual shock waves slammed the sector earlier in the year as OPEC and Russia ignited a price war just as oil demand started cratering because of the COVID-19 outbreak. But global oil producers have since called
The recovery in oil demand and the less-than-feared demand destruction earlier this year will support oil prices next year when producers will be playing catch up with demand, and Brent oil prices could rise to $66 a barrel, according to Energy Aspects. Brent Crude prices are
The federal government says it is supporting smallholder farmers through their various associations and cooperatives with 38,142KG of improved cashew seeds for distribution to 3,798 of cashew farmers across the country. The Minister of Agricultural and Rural Development, Muhammad Nanono, stated this on Thursday when
In June, global food commodity prices rose for the first time since the beginning of the year driven primarily by a ‘rebound’ in vegetable oils, sugar and dairy quotations, the Food and Agriculture Organisation (FAO) has said. It, however, said in the cereal and meat markets, most
Natural gas futures are trading slightly better shortly after the regular session opening and before the release of the weekly government storage report at 14:30 GMT. The market is also trading inside yesterday’s trading range, which tends to indicate investor indecision and impending volatility. Today’s
Oil headed for a weekly gain on further signs that demand is picking up as the world emerges from coronavirus lockdown. Futures in New York were little changed, after gaining 2.3% on Thursday, and are up about 7% this week. Top trading houses Vitol SA
The Federal Government of Nigeria has commended Heritage Bank for being part of a valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Ltd and other stakeholders, saying such partnerships stands to create new opportunities for Nigeria to grow its potential reserves
Fell for the fourth consecutive month in May, the Food and Agriculture Organization (FAO), of the United Nations, reported on Thursday. The report, published on the FAO webpage, shows details of the Food, Price Index, which tracks international prices of the most commonly-traded food commodities. It
Food waste is taking on a new meaning in the pandemic era. Dumped milk in Wisconsin. Smashed eggs in Nigeria. Rotting grapes in India. Buried hogs in Minnesota. These disturbing images have stirred outrage around the world. But here’s the surprising part: the world may
Since the World Health Organisation (WHO) declared the novel coronavirus a global pandemic on March 11, much of our news has been dominated by the economic and social impact of the disease. We have heard this thrown around a lot; that the coronavirus is the ‘great