oil benchmark

Niger Delta militants are literally changing the world, as oil price hits $50

by Chi Ibe This morning, oil prices hit a 2016 high of $50 a barrel mark, following the disruptions in the production of crude in Nigeria. Brent, the global benchmark for crude oil, traded at $50.26 per barrel. This is coming after repeated attacks on oil installations across Nigeria – including one on Chevron’s pipelines... Read More

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50, Avengers, brent, Niger Delta militants, oil benchmark, oil price, OPEC, pipelines

February 25, 2015

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Senate wants oil price benchmark lowered in 2015 Budget

by Godwin Akanfe The Senate Finance Committee proposed on Wednesday, February 25, the cutting of the oil price benchmark in the 2015 Budget to $52 a barrel from its current $65, a source at parliament said. The finance ministry had previously said that the benchmark would not change. With an election coming up on March 28, President... Read More

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budget, oil benchmark, President Goodluck Jonathan, senate