Brent crude rally lifts some pressure off Naira
The naira remained stable at N1610–N1615 on the unofficial market as oil prices recovered above $61 per barrel, while the ...
Tag: Crude oil prices
What Wale Edun said when he was asked about impact of oil price fall
Crude oil prices dipped below $60 per barrel at the start of May, sparking renewed fears of a currency crisis ...
OPEC+ plans 2.2 million bpd oil output increase by November
OPEC+ is set to accelerate its oil production increases and could return up to 2.2 million barrels per day (bpd) ...
Jitters for Naira as oil prices fall below $70 for the first time since 2021
Brent crude oil futures fell below $70 per barrel for the first time since December 2021, marking a new downturn ...
Bonny Light settles at $88 a barrel amid Israeli-Houthi conflict
Bonny Light crude reaches $88 per barrel amid Israeli-Houthi conflict, with rising tensions and potential September rate-cut signs.
OPEC+ keeps production quota unchanged as crude oil prices near $90 per barrel
The Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries (OPEC) and its allies led by the ...
Why crude oil posted its worst day since September 2022
Consequently, short sellers took centre stage in the oil market on sentiments that energy-price inflation over the past three months ...
Nigerians Could Pay Less for Fuel as Global Crude Prices Tumble
Fuel pump prices in Nigeria could see a reduction if global crude prices keep tumbling.
Nigeria’s reserves shrink on low oil production, moderated oil prices and capital flight
Based on figures obtained from the Central Bank of Nigeria’s (CBN) data on the movement of external reserves, the country’s ...
Crude oil prices rise for a second straight week, Brent crude up nearly 2% WoW
Friday's strong labour data raised fears of higher U.S. interest rates, but oil prices remain range-bound and could rise for ...
