Tag: oil prices
Oil prices fall as OPEC plans to produce more
Sources say OPEC+ may agree to raise production by as much as 500,000 barrels per day in November three times…
Oil prices hit $90 as Saudi Arabia, Russia cut supplies
Investors had expected both leading oil producers to extend voluntary cuts into October, but the three-month extension was unexpected.
Oil prices inch higher ahead of U.S. inventories data
Brent crude futures for August had risen 21 cents, or 0.2%, to $120.79 a barrel by 0413 GMT after closing…
Oil prices slide after OPEC+ production hike
The oil exporters’ cartel said it would increase supply by 648,000 barrels per day in July and August, 200,000 barrels…
Oil prices jump as EU mulls Russian ban
Prices moved higher ahead of talks this week between European Union governments and U.S. President Joe Biden for a series…
Oil prices soar to $139, with plans to boycott Russian oil
Bank of America analysts noted that if Russia's oil is cut off, the market could face a 5 million barrel…
Oil prices soar amidst Russia sanctions
Amid the war in Ukraine, the Organization of the Petroleum Exporting Countries (OPEC), Russia and allies - together called OPEC+…
Updated: Oil prices jump to 2014 levels over Ukrainian crisis
Brent crude rose $8.24, or 8.5%, to $105.08 a barrel at 1045 GMT. U.S. West Texas Intermediate (WTI) crude jumped…
Oil prices surge above $100, stocks plunge as Russia attacks Ukraine
Global stocks and U.S. bond yields took a dive while the dollar also jumped higher. It was a bad day…
Oil prices bullish again, hit $91.31
The benchmarks recorded their highest levels since October 2014 on Friday, $91.70 and $88.84, respectively, and their sixth straight weekly…
Oil prices hit highest level since 2014
As of 8:04 a.m. EST on Tuesday, WTI Crude was up 1.20% at $84.90. Brent Crude traded at $87.20, up…
Global Oil prices rise
Oil prices rose after U.S. government data showed crude and fuel inventories fell, offsetting worries that rising coronavirus cases might…
Oil prices rise again amid global energy crisis
The Organisation of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, last week decided to maintain a steady…
Oil prices surpass $83
Brent crude rose as high as $83.47, the highest since October 2018, and at 1115 GMT was down 40 cents,…
Oil prices surge above $70 after Saudi Arabia attacked
Brent crude futures surged above $70 a barrel on Monday for the first time since the COVID-19 pandemic began. This…
Oil prices reach highest level since 2020 January
Oil prices extended gains for a fourth session on Thursday to reach the highest levels in more than 13 months.
Oil prices climb higher
Oil prices rose on Tuesday as a cold front shut wells and refineries in Texas, the biggest crude producing state…
Oil prices edge higher
Oil prices edged higher on Tuesday as supply cuts by major producers and optimism over fuel demand recovery support energy…
Another era of oil boom looms for Nigeria, other producers
Oil producers such as Nigeria and oil companies are at the threshold of another era of oil boom as prices…
Oil prices hit nine-month high
Oil prices hit a nine-month high early on Thursday after U.S. government data showed that crude stockpiles fell last week
Vaccine hope, oil vessel explosion push up oil prices
Oil prices rose on Monday, pushing Brent oil above $50 a barrel and West Texas Intermediate just a few cents…
Oil prices fall over COVID-19 lockdowns
Oil prices slipped on Monday from multi-month highs as a continued surge in coronavirus cases globally forced a series of…
Big boost for Nigeria as oil prices near $50 per barrel
Nigeria's precarious economy may hit an upswing earlier than forecast as oil prices headed Friday for a fifth week of…
Oil prices battered by Europe lockdowns, US elections
Oil prices slumped more than 4% on Monday to the lowest levels since May on worries about the effect of…
Little cheers as oil prices edge up
Although global oil prices edged up on Friday, they stirred little cheers as they are on track for a second…
Fresh oil doom for Nigeria as lockdowns in Europe crash oil prices
It was another oil doom for Nigeria Thursday as oil prices fell 5-percent, with WTI Crude sliding to $35 a…
OPEC+ gives oil prices another jack up
OPEC+ decision to stick to production quotas jacked up oil prices for the fourth day in a row on Friday,…
Oil prices fall amid bleak outlook warnings
Amid bleak outlook warnings by major oil producers and the COVID-19 pandemic, oil prices again went southwards on Tuesday, with…
Bad news for Nigeria as crude oil prices crash
More crushing news for Nigeria comes from the oil market as Brent crude price drops below $40 a barrel for…
Oil prices rise on back of China’s huge booking for US crude
Oil prices rose on Monday as China’s plans to ship in large volumes of U.S. crude in August and September…