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Tag: Crash in oil prices

Where next for oil prices?, Brent crude futures gained 0.14 to trade at $34.70 at the time this report was drafted, recovering some of its losses earlier in the oil trading session. , Brent crude price fails to remain over $40, concerns over pledge cut strengthens

Where next for oil prices?

by Opeoluwa Dapo-Thomas

Market sentiments are divided on where oil prices would head in the short term based on new activities taking place.

Crude oil prices record gains after tropical storm hit Gulf of Mexico, The world's biggest oil hedge program underway, crude oil, Nigeria's Crude oil, Bonny light crude oil crashes as Nigeria runs into deeper revenue crisisBonny light crude oil crashes as Nigeria runs into deeper revenue crisis, Brent crude futures gained 0.92%, at $36.08 per barrel, while the U.S. West Texas Intermediate (WTI) crude futures also gained 0.54%, at $33.67 a barrel, Crude oil prices hit $40 per barrel as inventory build-up declines, EIA increases Brent price projection by $2.50 for 2020

Bonny light crude oil crashes as Nigeria runs into deeper revenue crisis

by Chike Olisah

Analysts believe that the recovery of the oil market will take time, as things will only start easing off when ...

Why Nigeria is experiencing its worst inflation in 21 years

International Energy Agency’s ‘Black April’ forecast torpedoes Nigeria’s 2020 budget

by Abiola Odutola

There is a strong indication that the Federal Government of Nigeria may still find it difficult to implement the adjusted ...

Crude oil in Nigeria, Oil producing states in Nigeria, Department of Petroleum Resources, DPR yet to recognise Anambra Enugu and Kogis States as oil producers, West Africa’s crude inventory is building up as demand slows due to Coronavirus, Oil at $26, as Saudi Arabia in no retreat no surrender oil battle with Russia, Crude oil prices fall to $30 as COVID-19 erases gains from oil production cuts, Crude oil prices surge higher as Brent crude hits almost $30 per barrel , Brent crude plunges 5%, world’s second largest economy skips economic growth target

Crude oil prices fall to $30 as COVID-19 erases gains from oil production cuts

by Olumide Adesina

Oil prices slumped more than 50 cent a barrel on Monday, even after major producers agreed their biggest-ever output cut.

dollar foreign debt,

Nigeria’s foreign debt has breached a 15-year trigger

by Nairametrics

Nigeria’s external debt hits a 16 year high of $27 billion in December 2019 just higher than the $20.8 billion ...

Saudi, Russia agree to cut oil by 20 million barrel, Further oil production cut required to keep oil price above $40 in 2020 , OPEC + deal to boost Nigeria’s earnings by $2.8 Billion, Oil Still Bullish After OPEC+ Decision

UPDATE: Saudi, Russia agree to cut oil by 10 million barrels per day

by Olumide Adesina

Saudi Arabia and Russia have struck a deal on a deep output cut.

COVID-19 could save naira from depreciating further, Many odds against the naira, Naira forwards and parallel market crash puts pressure on official exchange rate, Naira appreciates to N386.94 to $1 at investor and exporters window. , Naira set for recovery as ABCON issues guideline to members for forex sales resumption, Naira falls against the Euro, British pound sterling but gains against the U.S dollar, Naira falls at black market, dollar liquidity remains relatively low , Forex, Naira drops further at the black market despite appreciating at I&E window

COVID-19 could save naira from depreciating further

by Nairametrics

The global spread of COVID-19 and fear of another surge later in the year could limit travel plans for dollar-hungry ...

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