Nigeria could start reducing its crude oil production in line with the OPEC-wide output cut agreed last December, President Muhammadu Buhari said as quoted by Nigeria media, speaking to a Continue Reading
The Nigerian government has ordered a number of non-Nigerian oil and gas companies to pay nearly $20 billion in taxes. Reuters news agency reported Thursday that the move could deter Continue Reading
As Nigeria continues to clamp down on tax defaulters, it has ordered some foreign oil and gas companies to pay nearly $20 billion in taxes owed to states, industries and Continue Reading
A surprise one-week delay in Nigeria’s presidential election, now set for Saturday, has further complicated a fractious contest, bringing new fraud accusations, fresh fears of post-election violence, and disruptions that Continue Reading
Opposition figures scuffled with national guardsmen on the road taken by the convoy Venezuelan President Nicolás Maduro has announced he is closing the border with Brazil on Thursday night as Continue Reading
Mexico is looking for ways to reduce its overwhelming dependency on U.S. natural gas imports, which currently satisfy over 50 percent of its demand. This is the highest foreign gas Continue Reading
Venezuelan crude oil banned from entering the US has been unable to make its way to Asia despite favorable arbitrage economics, largely due to financial issues arising from the nature Continue Reading
Following the U.S. sanctions, Venezuela’s oil inventories have swelled to a five-year high, The Wall Street Journal reported on Thursday, citing satellite data—a sign that Venezuelan oil buyers are fleeing Continue Reading
While everyone is talking about how surging U.S. crude oil production will offset a large part of the ongoing OPEC/non-OPEC production cuts, there are other oil producers not taking part Continue Reading
Mexico’s state oil company Pemex burned through $665 million at its fertilizer unit, ignored consultants and made high-risk investments with no discernible business strategy, according to a devastating government audit Continue Reading
