Tag: oil prices
Oil prices rise, Dollar yield grows
The U.S. dollar held near 14-year peaks on Wednesday as global yield spreads moved inexorably in its favour, while a…
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Oil prices soar to $58 on global output cut deal
Oil prices shot up over four per cent to their highest level since 2015 early on Monday after OPEC and…
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…