Tag: oil price
Oil prices climb toward $70 as US-Iran rift deepens
As of the latest checks, Brent crude was trading at $69.25 per barrel, while Murban crude was selling at $69.51.…
Oil price drops again
Oil prices slid for a second consecutive session on Thursday as the U.S. industry data showed a steep and surprising…
Oil price to hit $100 – Iran
A senior Iranian commander has dismissed the United States’ aggressive posturing against Iran, reasoning that any potential confrontation in the…
Oil price rises to $71 a barrel
Oil hit a five-month high above 71 dollars a barrel on Tuesday, supported by concern that violence in Libya could…
Excess crude account depletes amid oil price volatility
Programme Coordinator of the Nigeria Natural Resource Charter (NNRC), Tengi George-Ikoli, has expressed fears that the dip in oil prices…
2019 budget oil price benchmark: Minister allays fears
The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, on Wednesday in Abuja allayed fears over the oil…
Oil prices slip amid worries of severe economic slowdown
Oil prices slipped on Monday, with concerns of a sharp economic slowdown outweighing supply disruptions from OPEC’s production cutbacks and…
Oil price rises to $73 a barrel
Oil rebounded to $73 a barrel on Wednesday after falling to its lowest since August, supported by a report that…
Oil price rise, currency drop raise inflation threat in Ghana
The combination of rising oil prices and the fall in Ghana’s currency is threatening to push up inflation, the country’s…
Factors beyond producers’ control are impacting oil market – OPEC
OPEC Secretary-General, Mohammad Barkindo, said on Thursday that there are many non-fundamental factors influencing the oil market that are beyond…
Oil prices slip as IMF cuts growth outlook
Oil prices slipped on Wednesday after the IMF lowered its global growth forecasts, but markets were supported as Hurricane Michael…
Iran sanctions: Traders bet on oil at $100 per barrel
Oil traders have piled into wagers that U.S. crude oil could surge to $100 a barrel by next year, a…
Oil prices at 4-year high
Oil prices jumped more than 2 per cent to a four-year high on Monday after Saudi Arabia and Russia ruled…
Iran sanctions: Oil price rises as markets tighten
Oil prices rose on Monday as U.S. markets tightened just weeks ahead of Washington’s plan to impose new sanctions against…
U.S-China trade war: Oil prices approximately $80
Asian stocks followed global indexes higher on Thursday as investors took a less bearish view on the impact of the…
Oil price rises on Iran sanctions
Oil markets were stable on Wednesday, buoyed by falling supplies from Iran ahead of U.S. sanctions but held in check…
Oil price: OPEC, non-OPEC countries seek lasting cooperation
Mr Suhail Al Mazrouei, the President of Organisation of Petroleum Exporting Countries (OPEC) says OPEC and non-OPEC countries are working…
Oil prices rise on Middle East tension
Oil prices rose up on Tuesday, supported by concerns that tensions in the Middle East could lead to supply disruptions.
Middle East tensions, Venezuela concerns boosts Oil price
Oil prices rose to their highest level in three weeks on Tuesday as tension in the Middle East and the…
Economic growth: Expert tasks FG to utilise rising oil price
A financial expert, Dr Samuel Nzekwe, has advised the Federal Government to utilise the rising oil price in the international…
Air fares to go up
The rise in the oil price is putting the squeeze on airline costs and is likely to lead to a…
Oil price moves towards $59
Asian shares trod water in early trade on Wednesday while U.S. Treasury yields and the dollar got a lift following…
Oil price hits 18-month highs of $58.37
Oil prices hit 18-month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between…
Oil prices rise as markets eye production cuts
Oil prices rose on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and…
NNPC dismisses reports on increase in fuel prices
Dr. Maikanti Baru, the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), on Tuesday, dismissed reports that the corporation…
Lagos residents lament increasing price of Kerosene
Some residents in Lagos have decried the increasing price of kerosene, which sold for as much as N240 per litre…
Oil market slows down as dollar rises
Oil prices extended their retreat Thursday after hawkish US Federal Reserve meeting minutes strengthened the dollar and a weekly report…
Oil price crash offers Nigeria opportunity for real growth – Ambode
Lagos State Governor, Mr. Akinwunmi Ambode, at the weekend in United Kingdom, said the massive fall in oil prices in…
Oil price drop damage data transparency drive in Nigeria – NNPC
Reuters – Proceeds from Nigeria’s oil receipts fell by two-thirds between September 2014 and July this year, the state oil…
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Oil price crash prompts scramble for storage tanks
Reuters – Demand for crude storage in the Caribbean, one of the world’s most important oil hubs, is rising as…