Nigerian crude grades yet to rally because of U.S Shale
Bonny light sold for $43.33, far below the price Nigeria sold its crude months ago.
Tag: crude oil
Crude oil prices fall over lingering concerns on world’s largest consumer
Both International benchmarks for crude gained more than 2% yesterday.
Crude oil soars high as inventories plunge
Brent crude gained 1.1%, to trade at $41.73 a barrel by 6:30 am Nigerian local time.
Nigeria’s Black Gold under pressure, stays on $40
To tackle weakened oil demand, OPEC and its major allies agreed to a record supply cut.
Oil plunges as worries over demand outweigh tighter supply
OPEC+ has not decided on whether to extend the record supply cut of 9.7 million barrels per day.
Nigeria’s Bonny light reaches four months high
Bonny light crude reached a four-month high, since early March 9, where its price fell to $37.22.
Oil cannot handle another wave of COVID-19
If cases soar in China and the United States, then the global economy is in for a cataclysmic shock.
4 key reasons why Brent crude might slip back to $35 per barrel
Despite the output cuts from OPEC+ and curtailments in North America, crude oil prices may be short-lived as Brent crude ...
Naira remains stable at the black market, Brent crude moves past $40 per barrel
The naira was strengthened as the commodity-based currency's major earnings, crude oil, remained above the $40 dollar mark
Crude oil prices rebound ease investors’ concerns for Nigeria debt market
After the output cut by OPEC+ helped to reduce the supply glut, crude oil prices rebounded to the highest level ...
