UPDATE: US oil crashes below $1, lowest ever
Oil prices has fallen below $1 per barrel for the first time ever as demand for crude dried up.
Tag: Crash in crude oil prices
Oil prices drop to 21-year low as demand and storage crises persist
There appears to be no respite in sight for oil producers, as the volatility and continuous price slump in the ...
Nigeria’s Bonny Light hits $12, yet nobody is buying
Bonny Light, dropped to about $12 - $13 a barrel this week, according to oil traders following the West African ...
OPEC+ deal gets boost as Russia, Saudi Arabia consider further output cut
The volatility of the global oil market persists as two of the biggest oil-producing countries are considering further output cuts
Demand for “Inflow dollars” drive exchange rate to as high as N420/$1 compared to “Cash dollars”
COVID-19 pandemic and the crash in oil prices have all but extinguished supply of dollars from the IFEX market (official ...
Crude oil price plunges by 5% over demand slump, supply glut concerns
Despite the deal by the OPEC and its allies, in addition to the intervention of US President, the volatility of ...
Oil market still uncertain over OPEC+ deal
Some oil markets are beginning to react to the unprecedented deal agreed by OPEC and its allies, together with other ...
FG discloses impact of OPEC+ oil cut, how to manage post subsidy era
The historic oil deal between OPEC and other top oil-producing countries on Sunday, April 12, 2020, did not come without ...
Historic OPEC+ oil deal still under threat as negotiations drag
There appears to be no respite for the oil crisis, despite the announcement of a deal by OPEC and its allies OPEC+ for output ...
Covid-19: Nigeria risks supply chain bottleneck, loss of N2.27 trillion in trade
Nigeria's access to raw materials and manufactured goods from other regions could become greatly hampered in the coming weeks.
