Ishola Taiwo
Although fossil fuels such as coal have been harvested for centuries, crude oil was first discovered and developed during theIndustrial Revolution, and its industrial uses were developed in the 19th century. Newly invented machines revolutionized the way we do work, and they depended on these resour...
If you’re not already using sustainable packaging solutions, making the switch could benefit your business in a variety of ways. And if you don’t switch, you could risk your product seeming out-of-date to your customers before it’s even out of the box! The next...
The U.S. petroleum industry was born 13 years later, in 1859, with intentional drilling near Titusville, Pennsylvania. (Drilling in the United States began in the early 1800s, but they were drilling for brine so any oil discovery was accidental).2 While much of the early demand for oi...
Kindly Share This Story: By Eguono Odjegba THE Murtala Muhammed Airport, MMA, Command of the Nigeria Customs Service, NCS, decentralization of cargo clearing process may have aided its revenue collection system. The command generated N56.4 billion last year as against N50.1[...] ...
This theory was based on macroeconomic stability, technological capabilities, human capital, and political conditions. And finally: the MINT countries economic growth potential Introducing the ‘MINTs': Mexico Indonesia Nigeria Turkey You’ll notice that all four of these appeared in...
There is good reason to believe that the world just passed a similar turning point. The last boom in the oil prices collapsed in 1979, when total spending on oil exceeded 7 percent of global GDP. Last year, spending on oil hit a similar share of global GDP, and the price has since fa...
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OPEC, or the Organization of Petroleum Exporting Countries, is the main influencer of fluctuations in oil prices. OPEC is a consortium that, as of 2024, is made up of 12 countries: Algeria, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab...
Oil cartel, OPEC, trimmed its 2021 demand forecast yet again to 95.89 million barrels per day just as its Joint Ministerial Monitoring Committee rescheduled this week’s meeting for early January. Joining CNBC Africa to discuss what to expect from the oil sector next year are Adeoye Adefulu, ...