Crude oil bulls lose steam as COVID-19 cases hit record high

global oil market, Bonny Light and Brent crude oil, Arthur Eze, Nigeria cuts crude oil production to 1.77mbpd, Nigeria wants international oil companies to pay up now , OPEC+ deal gets a boost as Russia and Saudi Arabia consider further output cut, 4 key reasons why Brent crude might slip back to $35 per barrel, How substantial is compliance for the Oil market?

OPEC+ meeting and a big draw in US crude and product inventories helped oil recover

FG records revenue of N676.41 billion in July, AGF launches Committee on Financial Transparency Guidelines and Open Treasury Portal, Office of Nigeria's Account General is reportedly engulfed in flames, Auditor-General, Accountant-General, grants, FAAC disburses N327.68 billion to States and LGAs in September, as allocation drops again,

Govt. rakes in N653 billion in June as exchange rate gain, taxes and oil sales boost revenues

by Abiola Odutola

July 19, 2020

Government generated N42.83 billion from exchange rate gains, and others from crude sales and VAT.

Banking crisis imminent over debt by independent oil producers, Crude oil prices up 32% though report still paints gloomy picture Crude oil prices up 32% though report still paints gloomy picture, Hope for Higher Oil Prices., Nigeria’s oil crisis compounded as India’s fuel demand crash by 60% , Nigeria’s Bonny light hits $25 dollars, Saudi pledges more oil cuts

Brent Crude falls, U.S Crude Oil Inventories record a two week high

by Olumide Adesina

June 18, 2020

Brent crude is the leading global benchmark for Atlantic basin crude oils.

OPEC+ to discuss extension of output cut as China gives Nigerian oil a huge boost

OPEC+ to discuss extension of output cut as Chinese demands boost Nigerian oil

by Chike Olisah

June 1, 2020

Note that OPEC members usually take a decision on their plans for oil trade for the month of July in ...

Oil prices gain likely to halt over demand uncertainty as US-China tension intensifies

Oil price gains likely to halt over demand uncertainty, as US-China tension intensifies

by Chike Olisah

May 25, 2020

The rising tension between the US and China is weighing on the global markets. For political reasons, the leadership of ...

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

Brent crude plunges 5%, world’s second largest economy skips growth target

by Olumide Adesina

May 22, 2020

Brent crude lost 5.50%, to trade at $34.05 a barrel by 6 am Nigerian local time after gaining nearly 1% on Thursday.

Saudi Aramco, NNPC to collaborate to revamp dilapidated Nigerian refineries

Nigeria’s crude oil demand is climbing back to pre-coronavirus levels

by Nairametrics

May 19, 2020

Offers for Nigeria's oil are said to be "firming up" as crude oil prices maintain bullish trend.

Naira’s true worth,Naira gains on the dollar for the first time since March, Naira forwards hit record high as it crashes to N420/dollar in the parallel market, Naira hits N500 to $1 at the forward market, Naira hits N509 to the dollar at forwards market, demand for the U.S dollar climbs up, Naira hits $387.35 to $1 at currency spot market , Naira sells at N456, Nigeria’s Foreign Reserves drop by over $3 billion in Q1 2020, Investors and Exporters (I&E) window, Naira gains against the dollar, CBN close in on currency speculators

Naira drops to N456 at parallel market

by Olumide Adesina

May 19, 2020

Naira it dropped against the dollar today it was selling at N456 to S1 as individuals rush in to meet ...

Oil prices, OPEC crude oil production drops to its lowest in nearly 30 years

Oil prices hit 2-months high as Bonny light rises to $33.9/barrel over vaccine test optimism

by Chike Olisah

May 19, 2020

Global oil prices have surged to a 2-month high on growing signs of a rebound in oil demand.

DAPPMAN highlights critical role of warehousing and logistics in growth of downstream sector, Oil, Oil prices slump from 5 week high over lockdown concerns

Oil prices slump from near 5-week high over lockdown concerns

by Chike Olisah

May 13, 2020

The American WTI fell by 1.55% to sell for $25.38 per barrel, early Wednesday morning after surging 6.8% on Tuesday. ...

Tag: Crude oil prices