Kerosene, Diesel Prices Fail To Drop Despite Oil Crash   The pump prices of diesel and kerosene in Nigeria have yet to reflect the collapse of global crude oil prices despite the deregulation of the products by the Federal Government. Following the sharp drop in oil prices,...

Oil Price Drops To $24, Oversupply Fears Grow   The international oil price benchmark, Brent crude, slid further on Wednesday, as a bigger-than-expected rise in United States inventories and a widening rift within the Organisation of Petroleum Exporting Countries heightened oversupply fears. Oil prices are near their...

Oil Price Plunges To $22, Cheapest In 18 Years   The international oil benchmark, Brent crude, plunged to its cheapest in 18 years on Monday as it traded around $22 per barrel. This comes amid growing fears that the global coronavirus shutdown could last months and demand...

Oil: Falling Price Shocking, Budget Strained, Says FG   The Ministry of Finance, Budget and National Planning, Zainab Ahmed, has said the coronavirus which had led to a huge drop in crude oil prices will put a severe strain on the Federal Government’s budget. Ahmed said this...

BREAKING: Oil Price Crashes To $33, Loses $11 In Hours   The international oil benchmark, Brent crude, which stood at $45.72 per barrel on Sunday, has slumped to $33 per barrel. Oil prices suffered an historic collapse overnight after Saudi Arabia shocked the market by launching a...

Oil Plunges Lowest On Russia Rejection Of OPEC Cut   Oil prices tanked more than seven per cent at the weekend to their lowest levels since mid-2017 after Russia balked at Organisation of Petroleum Exporting Countries’ (OPEC’s) proposed steep production cuts to stabilise prices. Brent futures fell...