Tag: oil prices
Oil prices fall as virus cases explode
Oil prices moved southwards on Monday on fears about the economic fallout from rising COVID-19 cases around the globe and…
China suspends gasoline price adjustment
China's top economic planner said Thursday that it would keep domestic gasoline and diesel prices unchanged as the international crude…
Oil prices rise as China’s imports hit all-time high
Oil prices climbed on Monday after OPEC+ agreed to extend a deal on record output cuts to the end of…
Oil prices fall on doubts over output cuts
Oil prices dropped on Thursday, reversing Wednesday gains , on concern over whether major crude producers will be able to…
20 April : Unforgettable day for global crude oil prices
U.S. crude oil futures collapsed below $0 on Monday, 20 April for the first time in history. amid a coronavirus-induced…
Trump mulls stopping Saudi oil shipments as oil prices plunge into negative
U.S. President Donald Trump said on Monday that his administration was looking at the possibility of stopping incoming Saudi Arabian…
No buyer for crude, price crashes below $2 a barrel
The U.S. crude futures plunged more than 85% on Monday to the lowest price on record as storage space for…
Updated: Oil prices regain some ground but still very low
Oil prices regained some ground in volatile Asian trade on Monday, but remained at multi-year lows due to the double…
Oil prices continue free fall, may plunge below $20
Oil prices fell more than $1 a barrel at the start of the trading session early Monday, as demand outlook…
Oil prices sink further
Oil prices fell for the second straight day on Thursday amid a broad decline in global markets after the United…
Bad news for Nigeria: UAE joins oil price war by jacking output
It's looking gloomier and gloomier for Nigeria in the oil sector as the United Arab Emirates, OPEC’s third biggest producer…
Nigeria’s daily losses from falling oil prices huge
With oil erasing over a third of its value this week after a messy breakup of the OPEC+ alliance, Nigeria…
Updated: Oil prices fall to $31 in wake of Saudi price war
Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia by slashing…
Oil prices plunge below $35, Saudi Arabia triggers price war
Saudi Arabia rattled the already depressed oil market to its foundation early Monday after unilaterally slashing prices and promising to…
Oil prices soar as Iran hits US Iraqi bases with missiles
Oil rose sharply, with U.S. crude rising nearly $3, on Wednesday after the U.S. said its forces in Iraq were…
Brent hits $68 as oil prices jump
Oil prices rose on Friday, hitting three-month highs after data showed record online spending by U.S. consumers, stoking faith in…
Bad News for Nigeria, OPEC: Oil prices could fall to $40 in 2020
It's bad news for Nigeria and other OPEC countries and Russia as they meet in Vienna on 5 December to…
Oil declines as market assess attacks on Saudi facilities
Oil prices declined on Tuesday, although the market remains on tenterhooks over the threat of a military response to attacks…
Boon to Nigeria as oil prices soar after Saudi attacks
Forty eight hours after the drone attacks on Saudi oil facilities, Brent crude price reopened early Monday appreciating between 15-…
Drone attack halves Saudi Arabia crude output, oil prices may hit $100
Oil prices may go up as much as $100 after half of Saudi Arabia's oil production went offline following a…
Oil prices rise, still below Nigeria’s budget benchmark
Crude oil prices edged up on Tuesday on optimism U.S.-China trade tensions will ease and on hopes major economies will…
Oil prices drop as traders await G20, OPEC meetings
Some of the previous session’s strong oil gains recorded have been erased on Thursday as oil prices fell, owing to…
Oil prices drop amid demand worries
Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new…
Oil prices hit 2019 highs as sanction waivers on Iran ends
Oil prices hit 2019 highs on Tuesday after Washington announced that all Iran sanction waivers would end by May, pressuring…
Oil prices edge lower on economic concerns
Oil prices declined on Friday with Brent slipping away from the 70 dollars mark reached the previous day, but both…
Oil prices pressured by economic slowdown
Oil prices were on Wednesday weighed down by economic growth concerns that dampened the outlook for fuel consumption, but supported…
Oil prices rise as OPEC cuts supply
Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC.
Oil prices slide as economic outlook darkens
Oil prices dropped on Friday as clouds gathered over the global economy after the European Central Bank (ECB) warned overnight…
Oil dips as U.S. crude production hits record
Oil prices dipped on Thursday, dragged down by weakening factory output in China and Japan and record U.S. crude output,…
Oil prices fall as U.S. crude output hits record 12m bpd
Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per…