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Problem Looms For Nigeria As Oil Price Plunges

Problem Looms For Nigeria As Oil Price Plunges   The international oil benchmark, Brent crude, has fallen to its lowest level this year and below the proposed benchmark for Nigeria’s 2019 budget, with economic experts describing the development as a cause for concern for the country. Brent,...

Brent Crude Price Drops To $75 From $86 High

Brent Crude Price Drops To $75 From $86 High   The international oil benchmark, Brent crude, fell by more than two per cent on Tuesday on signs of rising supply and concerns that global economic activity and fuel demand would be hit by a deepening United...

At $84, Oil Hits Highest Since 2014

At $84, Oil Hits Highest Since 2014 International oil benchmark, Brent crude, extended its gains on Monday, rising to its highest level of $84 per barrel since November 2014. The further rise in oil prices came on the back of supply concerns before United States sanctions...

Oil Prices at Peak Level Since 2014

Oil Prices at Peak Level Since 2014 U.S. oil prices rose above $70 a barrel on Monday for the first time since November 2014 and Brent crude climbed to fresh highs, buoyed as a deepening economic crisis in Venezuela threatened the country’s already tumbling oil...

For The First Time Since 2014 Oil Hits $71

For The First Time Since 2014 Oil Hits $71 Global oil benchmark, Brent crude, surged above $71 per barrel on Thursday for the first time since 2014 on support from a weaker United States dollar, tighter global supplies and a record run of declines in...

Output Cut: Price of brent crude oil rises to $70

The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in US and Canadian drilling activity that points to higher future output in North America. Brent sweet...