OPEC crude oil production drops to its lowest in nearly 30 years
Crude oil production of OPEC+ members for June reduced by almost 2 million barrels.
Tag: crude oil
Brent crude records minor gain as growing concerns over COVID-19 limit upside
Brent crude is the leading global benchmark for Atlantic basin crude oils.
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.
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 ...
