Fears as imminent high crude oil stock may spark off drop in price
…As Senate passes 2020 budget The chances of successful implementation of emerging 2020 federal budget passed into law by the Senate on Thursday, may hang if indications from the new outlook by international observers in oil stocks and prices are…
Endless wait for U.S.-China talks keeps oil prices steady from last week’s gains
Oil prices were little changed on Monday following steady gains in the previous week with investors awaiting fresh clues over prospects for a trade deal between the United States and China, shrugging off concerns over steadily rising oil supplies. Brent…
Oil steady amid tightening supply, capped by economic slowdown
Oil prices moved little on Wednesday, supported by supply cuts by producer group OPEC and U.S. sanctions against oil exporters Iran and Venezuela, but pressured by expectations that an economic slowdown could soon dent fuel consumption. International benchmark Brent futures…
What does rising oil price means for Nigeria?
As global oil prices inch towards $60, analysts have started weighing the real meaning to the economy that just exited recession. Whereas some see the rise as a good time for the economic management team deepen efforts at reviving the…
Nigeria economy gaining momentum on steady oil rise to $56 from refinery demand
As the number of U.S. rigs drilling for new production fell and refineries continued to restart after getting knocks by Hurricane Harvey, global oil prices strengthened on the rise to $56 on Monday trading. Analysts say the development is good…
Tightening global market pushing oil prices to heights
Due to supplies are gradually being squeezed globally especially in view of happenstances in the United States, oil prices rose on Tuesday and may continue the ride for this week. Brent crude oil was up 40 cents at 52.06 dollars…
