About 2.97 billion barrels of crude oil were stored onshore globally as of Sept. 5, the least since January 2020 before Covid-19 eviscerated demand, according to data analytics firm Kayrros.
Nigeria’s onshore oil producers, once buoyed by rising stakes in the country’s divested upstream assets, are now feeling the heat of escalating operational costs, a trend that is threatening profitability and jeopardising the nation’s target of ramping up crude output.
According to industry
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Oladehinde Oladipo
Dipo Oladehinde is a skilled energy analyst with experience across Nigeria's energy sector alongside relevant know-how about Nigeria’s macro economy.
He provides a blend of market intelligence, financial analysis, industry insight, micro and macro-level analysis of a wide range of local and international issues as well as informed technical rudiments for policy-making and private directions.
