Friday, March 29, 2024

Tag: oil

Oil rises on Saudi output cut, Iran sanctions

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Oil prices rose on Tuesday after Saudi Arabia said it cut production in July, adding to concerns over global supply as U.S. sanctions against...

4.79bn litres of PMS imported in Q2, says NBS

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The National Bureau of Statistics (NBS) has disclosed that 4.79 billion litres of Premium Motor Spirits (PMS) was imported into the country in the...

Oil futures rise on market’s long-term bearish focus

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Brent oil futures rose on Friday as the market focused on bearish longer-term factors after gains in the previous session. The gains were driven by...

Oil rises as Trump demands OPEC cut prices

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Oil traded near its highest in three and half years on Thursday, boosted by potential disruptions to flows from Iran and the Middle East...

Oil rises on expected stockpile drop

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Oil prices rebounded on Tuesday on expectations that inventories in the United States may decline, and that OPEC may raise output continue to weigh...
Oil falls as slowing China economy dents markets

Brent rises to trade at largest premium to U.S. crude since 2015

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Brent crude prices reversed earlier losses to hit their biggest premium against U. S. futures in over three years on Thursday. At 1221 GMT, Brent...

Stakeholders: Nigeria doesn’t have oil-powered economy but extractive industry

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Centre for Financial Journalism/Facility for Oil Sector Transformation Roundtable Dialogue on PIGB held on 30th May, 2018, in Lagos. Communiqué 1. Roundtable participants reviewed the current status of...

Oil hits $80, highest since Nov 2014

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Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall due to...
Oil falls as slowing China economy dents markets

Oil races to $80 as U.S. drilling rises

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Oil prices steadied below 3-1/2 year highs on Monday as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran,...

Oil price rises to approximately $72 amid worries of disruption

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Oil prices rose on Tuesday amid worries that there could be a high risk of disruptions to supply, especially in the Middle East. Brent...

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