Brent Crude slumps, COVID-19 fears dampens oil demand
Brent crude is the leading global benchmark for Atlantic basin crude oils.
Tag: International Energy Agency (IEA)
Analysis: Total Nigeria needs a financial overhaul
Total Nigeria’s Q1’20 results are a testament that some might have it worse than others as it recorded a revenue ...
Nigeria’s Bonny light rises to about $27/barrel, oil prices set for 3-week consecutive gain
Crude oil prices rose higher after the International Energy Agency (IEA), in its May oil market report, had predicted lower ...
Global oil supply to drop by 12 million b/d to 9 year low, covid-19 resurgence still a concern – IEA
IEA has just released its Oil Market Report for May 2020, with reliable data, forecasts, and analysis of trends in ...
Oil Market Crisis: Nigerian oil producers are considering production shutdown
It is obvious that the scale of the oil crisis has defied the efforts of OPEC+ and other oil-producing countries, ...
Oil prices rise after Trump’s plan to reopen US economy
Global crude oil prices rose early Friday morning after US President, Donald Trump, laid out unprecedented measures aimed at reviving ...
International Energy Agency’s ‘Black April’ forecast torpedoes Nigeria’s 2020 budget
There is a strong indication that the Federal Government of Nigeria may still find it difficult to implement the adjusted ...
Crude oil price plunges by 5% over demand slump, supply glut concerns
Despite the deal by the OPEC and its allies, in addition to the intervention of US President, the volatility of ...
Oil Price: A dead cat bounce in the making?
The International Energy Agency (IEA) in its latest forecast, expects Brent oil price to average US$33 this year.
Global oil demand to remain subdued – IEA
The International Energy Agency (IEA) has disclosed that the global oil demand growth will remain subdued due to the trade disputes between the ...
