Oil Slides After Saudi Price Cuts     Oil prices dropped on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months. Optimism about demand recovery also cooled amid the coronavirus pandemic. Brent crude...

Brent Crude Hits Five-Month High At $46     The international oil benchmark, Brent crude, nudged up on Monday, posting its fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to pre-COVID levels in a well-supplied market. Brent crude futures for...

COVID-19: Second-wave Fears Threaten Oil Demand Recovery     The recent oil price gains may be short-lived as growing fears over a resurgence in COVID-19 cases are putting the world’s oil demand recovery on hold, sparking concerns over a new supply glut in the coming months, according...

Fuel Pump Price May Rise In June As Oil Heads Towards $40 Per Barrel   If the Federal Government’s pricing template is anything to go by, Nigerians may have to brace for an increase in the pump price of fuel as oil prices begin to head...

Nigeria’s Brent Crude Drops To $19.71/b, Lowest In 18yrs   The turmoil in the international oil market worsened significantly yesterday as the Brent crude, the international and Nigeria’s benchmark, dipped significantly by nearly $12 per barrel to ebb at $19.71 per barrel, the lowest price it...

Brent Crude Crashes To $25, US Oil Drops Below $1   The international oil benchmark, Brent crude, fell to $26 per barrel on Monday, as the demand collapse triggered by the COVID-19 pandemic has caused a massive oversupply in the global oil markets. The lockdowns imposed in...