… to different companies for oil prospecting and gradually, this hydrocarbon, and non-renewable
substance (crude oil) took the lead in Nigeria and revenue reliance was fully on oil. Within …

… revenue, especially crude oil due to its high volatility and to correct porous institutional outlook.
The a priori expectation is that crude oil revenue … This implies over-reliance on COR will …

… It should be noted that our welfare-analytic approach treats oil as fungible, and we use the
term oil to include crude oil, refined products, and all liquid fuels that are close substitutes for …

… Nigeria’s vulnerability to crude oil price … of crude oil price on the Nigeria government
revenue. This study, therefore, examined the impacts of oil price shock on government revenue in …

… Another contention is that the emergence of natural 5 ' gas as a viable resource has altered
future reliance on crude oil generally. Possibly the strongest argument is that privatization …

… overview of the reliance of Saudi Arabia’s economy on oil export revenues. Besides, it
explores how oil production as … Crude oil was discovered in Saudi Arabia, and within six years …

… In the light of the above findings, the researchers hereby recommend that, the country
should diversify its export revenue base as a means of minimizing reliance on crude …

… documented cases of crude oil production decline also indicated revenue loss by the
country, NEITI stated. Niger Delta Avengers like other militants for example, have caused the …

… Other areas that have been investigated include the convergence of shale oil and shale gas
[3], the relationship between the price of crude oil and the production of shale oil [8] and the …

… For example, between 2003 and 2008 the real prices of energy and metals more than
doubled, and between 2021 and 2022 the prices of crude oil and gas more than doubled in less …