Nigeria has the coronavirus under control for now, which has allowed the government to lift most lockdown restrictions. The economy, however, is still reeling from the shock of the pandemic and lower oil prices. Bloomberg Economics doesn’t expect the recovery to gain momentum until next year, when the deep oil production cuts agreed in 2020 are eased and the emergence of a vaccine lifts global demand.
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By Serene Cheong and Sharon Cho on 1/13/2021 click to enlarge SINGAPORE (Bloomberg) --Saudi Arabia reduced crude oil supplies...
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An oil pumping jack, also known as a "nodding donkey", in an oilfield near Dyurtyuli, in the Republic of...
