oil price

  1. curator

    Business Oil climbs towards $80 as U.S. drilling stalls, Washington sanctions against Iran loom – Vanguard Newspaper

    Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November.... Read more via Vanguard Newspaper – https://ift.tt/2NxCcEC Get more: Nigeria Business News
  2. siteadmin

    Nigeria: Governors Accuse State Oil Firm of Inflating Fuel Subsidy Figures – allAfrica.com

    State governors have alleged an inflation by almost 50 per cent in the Nigeria National Petroleum Corporation (NNPC) figures on petrol consumption and demanded a probe of oil subsidy payments from 2015 till date. After a meeting with the Vice-President, Yemi Osinbajo, on Wednesday night, the …...
  3. curator

    Oil price hits $80 per barrel, highest since 2014 – Vanguard News

    Despite the huge N500 billion mark up on the Federal Government’s expenditure outlay in the 2018 Appropriation Bill as passed by the National Assembly earlier this week, the government is still going to hit budget surplus at end of the fiscal year … Read more via Vanguard News –...
  4. Kayode Falayi

    World Saudis see oil price on rise as Trump blasts OPEC - The Guardian Newspaper

    Saudi Energy Minister Khaled al-Faleh said Friday the global market has the capacity to absorb higher oil prices, drawing a swift reaction from US President Donald Trump who accused OPEC of inflating prices. Faleh’s statement at a meeting of oil producers in Saudi Arabia came as crude hit the...
  5. siteadmin

    Politics FG Not Bothered By Oil Price – Adeosun – Leadership Nigeria Newspapers

    The Minister of Finance, Kemi Adeosun has said the federal government will not be bothered by fluctuations in the price of crude at the international market. Adeosun told Bloomberg in an interview yesterday that the federal government has learnt to live with a low crude oil price. Oil price …...
  6. curator

    Business Oil hits $71 for first time since 2014 as U.S. inventories decline – BusinessDay

    For the first time since 2014, global oil price hit an unprecedented high of $71 as US inventories also declined amid on-going supply cutbacks by Organisation of the Petroleum Exporting Countries (OPEC) and Non OPEC members led by Russia. Brent crude futures, the international benchmark for...
  7. curator

    Business Oil price touches record high in Nigeria’s Naira terms –

    Nigeria, Angola and Russia are today earning more local currency from oil sale per barrel than at any point in history, even though even though crude prices are still languishing at less than half their peak level in dollar terms, set in 2008. Countries such … via BusinessDay : News you can...
  8. curator

    Business Oil price at $70: How far can it go –

    Oil prices hit $70 per barrel for the first time in more than three years weekend. The last time Brent traded that high, prices were falling off a cliff after the November 2014 OPEC meeting left members producing without restraint, leading to a global glut of … via BusinessDay : News you...
  9. RemmyAlex

    Business Global Oil Price Above Buhari's 2018 Budget Benchmark

    President Muhammadu Buhari-led federal government has recorded $22 per barrel extra above its 2018 budget benchmark, as crude oil price crossing $69 per barrel. As at Wednesday, the international market, the crude oil prices hit new multi-year highs on Wednesday as OPEC-led production cuts and...
  10. Lequte

    Business Nigeria: Crude Oil Price Hits 16-Month High

    Oil prices on Monday rose to its highest point in 16 months following an agreement between OPEC members to reduce production. Brent crude oil futures, the global benchmark, soared to their highest since July 2015 to $55.33 per barrel. This is as OPEC prepares to meet non-OPEC countries to...
  11. Lequte

    Business Nigeria: Oil Minister Kachikwu Announces Plans to Review Pump Price of Petrol

    The Nigerian government will soon review the pump price of petrol in Nigeria, Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has announced. FG would undertake a review of the pricing template for the commodity to forestall a further increase in the price of the commodity, he said...
  12. RemmyAlex

    Business Crude Oil Price Falls To 2-Month Low At $46

    Global oil benchmark, Brent crude, fell by to a two-month low on Friday after the United States government reported a weekly crude draw within analysts’ forecasts, disappointing market bulls who had expected larger declines. Brent, against which half of the world’s oil is priced, was down by...
  13. RemmyAlex

    Business Global Oil Prices Gear Up As Brent Rises Above $50

    Global crude prices edged up in Asia on Monday, building on recent gains with Brent holding above $50 after Nigerian militants claimed fresh attacks on the country’s oil infrastructure. Oil prices last week plunged aftermath of Britain’s shock decision to leave the European Union but rallying...
  14. RemmyAlex

    Business Crude Oil Prices Dip on Stronger Dollar

    Crude prices dipped further in Asia on Friday on a stronger dollar, dampening a rally that saw the commodity hit 11-month highs earlier in the week. The losses were in line with a sell-off on equities markets from Asia to the Americas fuelled by worries about the state of the global economy...
  15. RemmyAlex

    Business Crude Oil Prices Drift Lower on Stronger Dollar

    Oil dipped today as a stronger US dollar and progress in controlling wildfires in Canada's crude-producing Alberta province dampened prices. US benchmark West Texas Intermediate for July delivery was down 20 cents at $47.88. Brent North Sea oil, the European benchmark, for July delivery slid...
  16. RemmyAlex

    Business Crude Oil Prices Rise As Disruptions Hit Nigeria

    Oil prices rose over 1 percent on Monday after long-time bear Goldman Sachs said the market had ended almost two years of oversupply following global oil disruptions and flipped to a deficit, Reuters reports. International Brent crude futures were trading at $48.50 per barrel at 0255 GMT, up 67...
  17. RemmyAlex

    Business NNPC Records N18.8bn Loss For March 2016

    The Nigerian National Petroleum Corporation (NNPC) has announced an N18.89 billion loss from its oil and gas operations in March 2016. The NNPC, in its monthly financial and operations report, indicated that the ₦18.89 billion loss was 22.03 percent lower than the ₦24.23bn operational deficit...
  18. RemmyAlex

    Business Crude Oil Prices Drop

    Crude oil prices have fallen in early trading today on concerns that a looming rise in middle east output may drag the stronger markets seen in April, although declining US Production and a weakening dollar are still offering support. According to Deutsche Bank, an imminent rise in production...
  19. RemmyAlex

    Business ExxonMobil Profits Crash to Lowest Level since 1999

    Exxon's (XOM) first-quarter profits plunged by 63% to $1.8 billion due to the oil crash. That's the lowest quarterly profit the company has reported since 1999, according to FactSet. The world's largest publicly-traded oil company blamed "sharply lower commodity prices" and overall "challenging...
  20. RemmyAlex

    Business Oil Prices Rise Ahead of US Inventory Data

    Crude oil prices rebounded in Asia on Tuesday, bolstered by reports that Saudi Arabia was close to completing an oilfield expansion. The US benchmark West Texas Intermediate (WTI) for delivery in June was up 10 cents, or 0.23 percent, at $42.74 and Brent crude for June rose eight cents, or 0.18...
Top