Tag: oil prices
Oil hits $55.33 after OPEC agreement
Crude rose above 55 dollars a barrel on Monday as rising prospects of a tightening market after last week’s OPEC…
Oil prices surge as OPEC and Russia agree
An agreement between oil producer club OPEC and Russia to produce less to drain a global glut sent prices soaring…
Oil prices rise ahead of OPEC meeting
Oil rises on Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel trying…
Nigeria hopes oil prices stabilise, says Adeosun
Nigeria hopes crude prices will stabilize in a range around 42 to 50 dollars a barrel, Finance Minister Kemi Adeosun…
Oil prices crash further
Oil prices dropped on Friday as traders continued to book profits from a rally that sent crude futures to 2016…
Oil prices boosted by dollar slump
Oil prices pushed higher Monday thanks to a softer dollar after last week’s disappointing US jobs report, but gains were…
Dwindling Oil Price: Okowa canvasses urgent steps to cushion effects
Jethro Ibileke/Asaba As the economy continues to bite harder occasioned by the free fall of oil prices in the international…
Osun’s belt-tightening moves: Options before Nigerian states
By Alabi Olufemi Adekunle “Every adversity in life makes us bitter or better, every problem comes to break us or…
Oil price won’t rise even with reduced production quota – OPEC
Organisation for Petroleum Exporting Countries (OPEC) has said that prices for oil would not significantly rise even if the cartel’s…
PZ Cussons profit crash after Boko Haram attacks, falling oil prices
The tumbling oil price, a weak currency and the threat of violence in Nigeria has hit profits at the maker…
OPEC Sees Oil Drop As Short-Term, Expects Stronger Demand
A drop in oil prices this month is likely to be short-term and will not deflect OPEC from its policy…
Oil prices fall as World Bank cuts economic growth outlook
Crude oil futures fell on Thursday as the World Bank cut its global economic growth forecast, ending a two-day rally…
Oil prices rise after OPEC keeps low output target
Oil prices rose on Friday, breaking a two-day losing streak, after OPEC ministers kept their existing oil production target for…
Oil prices rise above $60 per barrel
Crude oil rose above 60 dollars a barrel on Friday for the first time this year, bringing gains this week…
Oil prices fall further in Asia, Nigeria badly affected
Nigeria will need to review its budget estimate yet again for this year, as oil prices continue to go downwards.…
Oil prices nudge higher as OPEC meets to discuss cut
Oil prices nudged higher Tuesday as many dealers bet that the OPEC cartel is unlikely to agree on any cuts…
Fresh concerns as oil prices down in Asian trade
Oil prices extended their losses in Asia Tuesday after Japan’s economy slumped into recession, while prospects for an OPEC output…
Slump In Oil Prices: A Progressive Way Out, By Bola Tinubu
Awash in the great tide of politics, we must not forget why politics can be a noble endeavor. It leads…
Oil prices linger amid OPEC output cut speculation
Oil prices traded mixed Tuesday as the market gauged the outlook for an OPEC oil production cut amid abundant global…
Oil prices rise on surprise slump in US crude stocks
World oil prices rallied on Wednesday following news of tumbling crude reserves in top consumer the United States. The US…
Imminent military strike on Syria jacks oil prices
Oil prices soared in Asia on Wednesday as Western powers prepared for possible military action against Syria over the regime’s…
Egypt crisis hikes oil prices
Oil prices rose sharply in Asian trade Wednesday on growing concerns that the escalating political crisis in Egypt could affect…
Oil prices weaken further
Oil extended its losses in Asian trade on Thursday on weak Chinese manufacturing data and a stronger dollar, analysts said.…
Oil prices take a dive
Oil prices diverged on Tuesday after New York crude struck an eight-month low with euphoria fading over a bailout deal…
oil prices continue to fall
Brent oil prices sank under $100 a barrel on Friday for the first time in eight months, hit by weak…
Crude oil prices slump
Oil prices dived to fresh multi-month lows Thursday, driven by weak data in top global crude consumer the United States,…
Oil prices slide
World oil prices fell sharply on Wednesday following recent gains after figures showed a much larger-than-expected increase in crude inventories…
Obama Wants America reduce oil import
American President Barack Obama has sounded a future policy warning that will terribly hurt Nigeria’s mono-cultural export, oil. In a…
Oil prices fall as consumption falls in US
NEW YORK, March 14, 2012 (AFP) – Oil prices fell on Wednesday, pressured by a stronger dollar, a rise in…
Saudi pledges to tame soaring oil prices
Oil prices, on the upswing in recent times, because of supply disruptions over Iranian crisi, may be tempered with the…