Oil Prices Drop on Weak Chinese Data Global oil prices declined slightly on Monday after data shows China’s economy is slowing down despite the improvement in...
Oil Prices Rise Over 1% on OPEC Cuts Oil prices rose on Wednesday following a report that the Organisation of Petroleum Exporting Countries and partners will...
OPEC Caps Nigeria’s Oil Output at 1.77mbpd The Organisation of Petroleum Exporting Countries (OPEC) has capped Nigerian crude oil output at 1.77 million barrels per day...
OPEC Output Dips 1.5mbpd in September Crude oil production by the Organization of Petroleum Exporting Countries (OPEC) declined by 1.59 million barrels per day (mbpd) in...
Oil Price Drop Below Nigeria’s 2019 Benchmark Oil price dropped below Federal Government’s $60 per barrel benchmark for the 2019 budget. Brent crude, against which Nigeria’s...
Oil Rises as Market Doubts Saudi Ability to Restore Output Soon Following drone attacks on Saudi Arabia’s largest crude oil processing plant this month, the Kingdom...
Cost of Imported Goods to Surge in 2020 Costs of imported goods are expected to surge next year as the United Nations shipping agency, International Maritime...
Nigeria’s Oil Production to Increase by 35000bpd Following the resolution of the dispute between Shell Petroleum Development Company, Belema Oil and host communities on OML 25...
Oil Prices Fall on Saudi Arabia Reassurance Following Saturday’s drone attacks on Saudi Arabia’s largest crude oil processing plant that erased 5 percent of global crude...
Oil Prices Jump Most on Monday After Saudi Attacks Oil prices jumped the most on record following Saudi Arabia attacks that erased over 5 million barrels...