Oil Price Soars To Seven-year High
Oil prices traded within striking distance of its seven-year high at $86.71 per barrel yesterday on continuing supply constraints and waning fears among heavy fuel users of another pandemic-induced slowdown.
In the last two weeks, Brent, Nigeria’s benchmark, has climbed...
Higher Oil Prices’ll Drive Nigeria’s Economy By 2.5% In 2022 – W/Bank
The World Bank has projected a 2.5 per cent economic growth for Nigeria in 2022, and 2.8 per cent in 2023.
This 2022 forecast is a slight upward review from the estimated 2.4 per...
Oil Price Increases As OPEC Projects Slow Growth In 2022
The price of Brent, the crude against which Nigeria’s oil is priced, increased marginally on Monday as the Organisation of Petroleum Exporting Countries projected a slow growth momentum in terms of economic recovery this year.
Also,...
Amid Supply Constraints, Crude Oil Hits $77
The price of the international crude oil benchmark, Brent, rose on Thursday amid supply constraints and a drop in United States oil reserves.
As of 9:16pm Nigerian time on Thursday, Brent traded at $77.19 after it rose by 1.13...
'High Crude Oil Prices To Linger'
The Bank of America has stated that the price of the international crude oil benchmark, Brent, could hit $100 over the next six months if the winter in western countries is colder than usual.
Brent traded at $75.71 per barrel...
After Days Of Losses, Oil Price Jumps To $68
The international oil benchmark, Brent crude, jumped on Monday, snapping a seven-day losing streak that was crude’s worst since 2019, as the dollar pulled back and traders bet the recent selling was overdone.
Brent, against which Nigeria’s...
