Tag: COVID-19 pandemic

A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. Picture taken May 16, 2017
Business

OPEC to reconsider output as China oil demand surges – IEA

The executive director of the International Energy Agency, Fatih Birol said on Sunday that OPEC and other oil producers will have reconsider the policies guiding their outputs as China demands expected to surge after the COVID-19 disruption. China is the largest world’s oil consumer, following the United State. It is also one of the countries […]

Agribusiness

COVID-19 stalled deployment of 60,000 tractors, agric equipment – FG

The Federal Government on Thursday said the deployment of 10,000 tractors and 50,000 units of assorted agricultural equipment across the country did not materialise because of the outbreak of the COVID-19 pandemic. It disclosed this in Abuja at the unveiling of the Pay-As-You-Go Tractor Financing for Agriprenuers in Nigeria by Heifer International, where the firm […]

Oil production: Angola, Libya overtake Nigeria, says OPEC
Oil and Gas

Oil production: Nigeria leads Q1 shortfall, World Bank cites sabotage

The World Bank has said Nigeria has the largest shortfall among oil-producing countries due to sabotage within the oil production system and other factors, such as low investments and the COVID-19 pandemic. According to the bank, Nigeria has a shortfall of 500,000 barrels per day, while Angola and Russia both have a shortfall of 300,000 […]