oil price slump

U.S. Shale Oil Braces For the Unfamiliar In 2017

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U. S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks up and energy service providers hike fees to take a bigger share of the profits generated by higher oil prices. Drilling innovations over the past decade have generated a dizzying reduction in the cost of … Read more

African Economies Reel Under Petroleum Slump – ACEP

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Many Oil producing countries in the African sub-region have been the worse hit by the plummeting oil revenues following the high risk of their less diversified economies, over dependence on oil revenues, lower tax effort, fiscal indiscipline and corruption among others, the Executive Director for energy think-tank, Africa Centre for Energy Policy(ACEP), Dr. Mohammed Amin … Read more