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...
Oil, Gas Stocks Record N56bn Loss In One Month
Oil and gas firms listed on the main and premium boards of the nation’s equity market reported a loss of about N56.19bn last month as spending in transportation declined considerably over coronavirus pandemic.
Checks by our correspondent...
Stocks Rise To 8-week High As Oil Prices Gain 1.5 %
Nigerian stocks climbed eight-week high on Wednesday, lifted by gains in shares of energy companies after global oil prices rallied.
Recovering from a two consecutive days of losses this week, the main share index rose...
Oil Rises Above $45, OPEC+ Cut Compliance Plunges
The international oil benchmark, Brent crude, rose above $45 per barrel on Monday, supported by an improvement in Chinese factory data, rising energy demand and hopes for an agreement in the United States on more coronavirus-related economic...
‘Oil Prices May Break $50 In 2021’
Brent crude prices are set to average $42.35 a barrel this year and $49.25 per barrel next year, latest IHS Markit’s price forecast released at the weekend has shown.
The report showed that it was raised by $7 a...
