New IMO fuel sulphur regulation favours Nigerian sweet crude—PwC
Contrary to fears that Nigerian crude oil may be facing stiff market competition from next year over controversies facing OPEC cut regime from next year, a new report by PwC Nigeria, has projected higher demand for Nigeria’s sweet crude. This…
Stricter shipping fuel standards from January 2020 to push up fuel price
There are strong indications that landing costs of petroleum products imported into Nigeria would increase from January 1, 2020, when costlier shipping fuel standards by the International Maritime Organisation (IMO), comes into effect. Findings by Business Hilights Intelligence Unit (BHIU),…