Tag: oil price
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…
Business, Headlines, Metro, News
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…