oil prices

  1. curator

    Business Oil prices rise due to lower U.S. drilling activity – BusinessDay

    Oil prices rose on Monday, lifted by a drop in U.S. drilling activity as well as by expectations that the United States could re-introduce sanctions against Iran. U.S. WTI crude futures were at 65.18 dollars a barrel at 0025 GMT, up 24 cents, Read more via BusinessDay –...
  2. curator

    Business World: Lower oil prices force saudis to widen their circle of friends – pulse.ng –...

    Saudi Arabia has long been the dominant force in oil, leaving the world at the mercy of its ambitions and interests. Now the kingdom must refresh its strategy to reflect a weaker hand — and in many ways, a different game. The … Read more via pulse.ng – Nigeria’s entertainment & lifestyle...
  3. curator

    Business Oil Prices Firms Up On Strong Market Demand And OPEC Supply Restraint – Leadership Nigeria

    Oil prices firmed up yesterday on account of strong demand, a weak dollar and ongoing supply cuts lead by Organization of Petroleum Exporting Countries, OPEC, and Russia. However analysts fear that soaring U.S. output could erode this gain perhaps later in the year. U.S. West Texas Intermediate...
  4. RemmyAlex

    Business Oil Price Gears Up To $65 Per Barrel

    Oil prices in the international market sustained their rally on Tuesday, with the Brent crude, the international benchmark for crude oil, trading at $65.24 a barrel, while U.S. West Texas Intermediate (WTI) crude futures traded at 58.21 dollars a barrel. The last time oil prices exceeded the...
  5. naija questions

    Business Oil prices shoot up after New York City explosion – Vanguard News

    Oil prices rose yesterday as an explosion in one of New York City’s busiest transit hubs and expectations that cold weather will increase demand for fuel helped lifted prices. Oil U.S. crude futures recently rose 20 cents, or 0.35%, to $57.56 a barrel on via Vanguard News –...
  6. RemmyAlex

    Business Why Crude Oil Prices May Rise Above $60 Per Barrel

    Oil prices rose on Monday over supply concerns in the Middle-east as the U.S. market showed further signs of tightening while demand in Asia keeps rising. Brent crude futures, the international benchmark for oil prices, were at $57.84 while U.S. West Texas Intermediate (WTI) crude futures were...
  7. RemmyAlex

    Business Global Oil Price Rises To $57.8 Per Barrel

    Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq. An explosion at a U.S. oil rig and reduced exploration activity also supported prices hike. Brent crude futures, the international benchmark for oil prices, were at 57.85...
  8. RemmyAlex

    Business OPEC Further Exempts Nigeria From Oil Output Cut

    The Organization of the Petroleum Exporting Countries, OPEC, have further extended the exemption granted Nigeria and Libya over the output cut imposed on member countries in January 2017. The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) stated that based on the Report of the...
  9. siteadmin

    Business Oil Holds Near $50 As Hurricane Harvey Disrupts Refinery Maintenance - Bloomberg

    Nigeria could be benefiting from the unfortunate events in America as Hurricane Harvey disrupts schedule maintenance of some of the US largest refinery. Read full report on Bloomberg
  10. RemmyAlex

    Business Crude Oil Price Hits $53 Per Barrel

    Oil prices hit a two-month high on Monday lifted by a tightening US crude market and the threat of sanctions against OPEC-member Venezuela. Brent crude futures were 52.90 dollars per barrel earlier in the day, their highest since May 25. U.S. West Texas Intermediate (WTI) futures were up 16...
  11. RemmyAlex

    World Crude Oil Prices Rise As Exporters Cut Ties With Qatar

    Oil prices rose more than 1 per cent early on Monday, pushed up by tensions in the Middle East where top crude exporters are cutting ties with Qatar. Saudi Arabia, United Arab Emirates, Egypt and Bahrain have cut ties with top Liquefied Natural Gas and condensate exporter, Qatar accusing the...
  12. RemmyAlex

    Business Oil Prices Rise As OPEC Sticks To Output Pledges

    Oil reversed earlier losses on Wednesday as investors took heart from strict OPEC compliance with its pledge to cut output. The Organisation of the Petroleum Exporting Countries reduced its oil output for a second month in February, a media survey found, showing the exporter group has boosted...
  13. RemmyAlex

    Business Crude Oil Prices Rise Ahead Of OPEC Meeting

    Oil prices rose on Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel trying to thrash out an output cut to curb oversupply. International Brent sweet crude was trading at 46.85 dollars per barrel . U.S. West Texas Intermediate (WTI) crude was up at $45.52...
  14. RemmyAlex

    Business Oil Prices Rise As OPEC Moves To Cut Production

    Oil prices rose to their highest level since October on Tuesday as the market planned a potential output cut led by producer cartel OPEC. International Brent crude oil futures rose as high as 49.43 dollars per barrel early on Tuesday, their highest since Oct. 31. U.S. West Texas Intermediate...
  15. Jules

    Politics Iyabo Obasanjo Hits Buhari - You're Too Focused on Oil

    Iyabo Obasanjo, former Senator of the Federal Republic of Nigeria and daughter of former President Olusegun Obasanjo has lashed out at President Muhammadu Buhari. Speaking with VANGUARD, Iyabo said ''Twice recently I have come across interviews of the President (Muhammadu Buhari) and it...
  16. RemmyAlex

    Business Crude Oil Prices Drop Below $50 Ahead Of OPEC Meeting

    As traders await the outcome of a meeting of the Organization of the Petroleum Exporting Countries later in the day, where discussion on a collective output ceiling could be revived, crude-oil prices have dropped below US$50. On the New York Mercantile Exchange, light, sweet crude futures for...
  17. RemmyAlex

    Business Oil Prices Above $41 as OPEC Predicts Moderate Rebound

    Oil prices dipped slightly in Asia Tuesday but stayed above $41 a barrel as OPEC raised hopes of a moderate rebound from a meeting of key producers in Qatar in April. At around 0400 GMT, US benchmark West Texas Intermediate (WTI) for delivery in May, a new contract, was five cents down at...
  18. RemmyAlex

    Politics President Buhari Denounces Saudi-led Islamic Coalition

    President Muhammadu Buhari during a meeting with the Saudi Arabia ruler, King Salman Bin Abdul-Aziz made his first pronouncement on the invitation to join the coalition of Islamic states against terror spearheaded by the Saudis. According to Premium Times reports, President Buhari...
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