Nigeria's ban on importers accessing foreign exchange for certain products is proving a boon for the country's biggest palm-oil producer as it stokes demand for domestic goods.
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World Crude Oil Production is at a current level of 72.61M, up from 71.57M last month and down from 82.41M one year ago. This is a change of 1.45% from last month and -11.90% from one year ago. Report
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Oil palm production begins by clearing the site of the palm grove and removing tree stumps. However, the crops do not get planted in the grove for another 19 to 20 months . Growers must first nurture the seeds in other environments.
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Despite the risks, there is still a very real demand for energy, and oil and gas play a major part in filling that demand. A long-term risk for oil and gas companies is a dwindling natural supply
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