Tag: oil prices
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…