Market Evaluates OPEC+ Decision Amidst Bearish Sentiment and Global Supply Worries
By Craig Erlam, Senior Market Analyst, UK & EMEA, OANDA It’s been quite a calm start to the week which isn’t entirely surprising given the lack...
Global oil prices experienced a fourth consecutive day of decline as traders anticipated the delayed OPEC+ meeting later this week, coupled with a prevailing risk-off sentiment...
Oil prices dipped by 1% on Thursday as OPEC+ unexpectedly postponed its scheduled meeting on production cuts. Brent crude oil, against which Nigerian oil is priced,...
Nigeria’s rig count, a crucial metric indicating the level of activity in the upstream sector, experienced a month-on-month decline of 13.3 percent, falling from 15 in...
Crude oil pulled back on Tuesday as investors remain cautious ahead OPEC+ meeting scheduled for Sunday. Brent crude oil, against which Nigerian oil is priced, shed...
Oil prices surged on Monday amid expectations that OPEC+ might deepen supply cuts to stabilize prices. Brent crude oil, against which Nigerian oil is priced, rose...
Oil prices plummeted around 5% on Thursday as concerns over global oil demand following discouraging economic data from the U.S. and Asia intensified. Brent crude oil,...
Oil prices declined on Wednesday as the United States crude oil production rose to a record high. Brent crude oil slid by 34 cents to $82.13...
The latest Monthly Oil Market Report (MOMR) from the Organisation of Petroleum Exporting Countries (OPEC) reveals a 13.3% month-on-month decrease in Nigeria’s rig count from 15...
