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Tag: Energy Information Administration (EIA)

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

Oil marginally down over U.S Fed decision

by Ajibola Akamo

U.S. crude oil stockpiles dropped sharply last week as refineries boosted operations to their highest since January 2020.

Crude oil nears $75 amidst rising demand

Crude oil nears $75 amidst rising demand

by Ajibola Akamo

Today, oil extended its gain, climbing towards $75 a barrel to its highest since April 2019.

Crude oil prices up 12% in barely 4 days, triggered by OPEC+ proposed cuts, Brent Crude up, Trump leads in Michigan, Pennsylvania

Oil prices boosted by rising U.S. Consumer Inflation

by Ajibola Akamo

U.S. oil, West Texas Intermediate (WTI) oil futures is up 0.40%, currently trading $70.25 a barrel.

Crude oil prices rally as investors remain optimistic about oil production cut ,Brent Crude continues to rally as businesses resume around the world, Brent crude,, Petrol: OMCs to resume importation of Petrol, Crude oil prices drop, geopolitical tension strengthens, OPEC and Alliance Output Cut are not enough to mitigate Brent’s Oversupply Issues, Brent crude falls, global investors fear strengthened on resurgence of COVID-19 cases, Brent crude drops, as COVID-19 caseloads rise in the world’s largest economies

Brent crude falls, global investors fear strengthened on resurgence of COVID-19 cases

by Olumide Adesina

Investors' concerns strengthen over the pace at which the global economic recovery from COVID-19 overriding OPEC+ pledge to extend oil ...

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