Tag
BRENT CRUDE
FG has begun consultations with relevant stakeholders on the possible reduction in the pump price of Premium Motor Spirit (PMS).
The treaty between Russia and Saudi Arabia seems to have been thrown into the dustbin as the countries are strapping in for a prolonged oil-price conflict.
Oil prices have slumped again on Thursday, following the declaration of a travel ban on European countries into the United States.
The Nigeria’s local bourse began on Monday morning on a bearish note amid a slump in crude prices, which fell over ▼10% , as Brent oil was trading below $35 causing a shortfall in revenue to Nigeria’s 2020 budget,
It's a bloodbath: Oil price crash, Coronavirus spreads, stock markets crash, devaluation fears stoked, it's 2008 all over again.
Global oil benchmark, Brent Crude, finally slipped below the $50 per barrel mark on Friday after declining by as much as 3.85%.
Coronavirus threat pushes oil price below Nigeria's budget benchmark as Brent Crude was trading at $54.75 barrels per litre.
Global oil prices have been on the increase ever since the killing of the top Iranian army Commander, Qasem Soleimani in Bagdad last Thursday.
OPEC and its allies are scheduled to meet in June to set policy, but progress is clouded with uncertainties as cracks are reportedly emerging in the union.
Global oil prices have risen for the first time in 2019, thanks to a wide array of global events.
As global crude oil prices continue to decline, there are growing concerns that the development could negatively affect the Nigerian Government's economic plans.
During the week, US President Donald Trump tweeted, Oil prices getting lower. Great! Like a big Tax Cut for...