Nigeria’s Production Faces Setbacks As Oil Price Tumbles To $68
The international oil benchmark, Brent crude, extended its losses on Monday, falling below the $70 per barrel mark to its lowest level since May.
The further decline in the price of Brent followed the imposition of...
Crude Oil Price Drops to $74.18
Brent, the oil against which Nigeria’s crude is priced, dropped marginally on Tuesday, shedding 32 cents to close at $74.18 per barrel as of 4pm Nigerian time.
Industry figures showed that the commodity dipped in price by 0.43 per cent...
After Hitting Low Record , Oil Price Rises To $72
Oil prices rose on Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in US oil inventories last week and a weaker demand outlook due...
Oil Price Plunges To $74 Amid OPEC+ Crisis
The international oil benchmark, Brent crude, pared some of its recent gains on Tuesday, after the Organisation of the Petroleum Exporting Countries and its allies cancelled a meeting due to clashes over plan to increase supply to...
Oil Hits $71 On Rising Demand Hopes In US, China
Oil prices were higher on Wednesday as negotiations over the Joint Comprehensive Plan of Action continued to falter, and as a rebound in oil demand in China, the United States and Europe threatened to outpace...
Oil Price Rises Above $70, OPEC Projects Demand Growth
The international oil price, Brent crude, rose above the $70 per barrel mark on Tuesday, with the Organization of the Petroleum Exporting Countries projecting that demand for the commodity is bound to improve.
Brent, against which Nigeria’s...
