Oil prices break below $50 per barrel

Oil price slump continues as second wave of covid-19 may crush the oil marketOil falls over comments on U.S.-China trade deal being “over”

Brent crude plunged by over 4.75% to trade at $49.85 a barrel after rising 1.5% to its highest since March ...

Oil prices record longest weekly winning streak since April 2019

by Olumide Adesina

December 19, 2020

Crude oil prices were fired up for the seventh straight week leading to the longest winning streak since April 2019

Crude oil prices record gains after tropical storm hit Gulf of Mexico, The world's biggest oil hedge program underway, crude oil, Nigeria's Crude oil, Bonny light crude oil crashes as Nigeria runs into deeper revenue crisisBonny light crude oil crashes as Nigeria runs into deeper revenue crisis, Brent crude futures gained 0.92%, at $36.08 per barrel, while the U.S. West Texas Intermediate (WTI) crude futures also gained 0.54%, at $33.67 a barrel, Crude oil prices hit $40 per barrel as inventory build-up declines, EIA increases Brent price projection by $2.50 for 2020

Oil prices at their highest levels since early March

by Olumide Adesina

December 17, 2020

Brent crude futures gained 0.92% to $51.55/barrel and West Texas Intermediate futures soared by 1% to trade at $48.30.

Brent crude crashes 5%, oil storage capacity almost full,Brent crude oil surges to $31.55, oil demand picks up, Nigeria and the irony of rising crude oil prices

Oil prices record highest monthly jump since May

by Olumide Adesina

December 1, 2020

For the month of November, Brent gained 28%, its best month since a 95% jump in May from April’s lows.

Where next for oil prices?, Brent crude futures gained 0.14 to trade at $34.70 at the time this report was drafted, recovering some of its losses earlier in the oil trading session. , Brent crude price fails to remain over $40, concerns over pledge cut strengthens

Crude oil prices gain over 2% after U.S election

by Olumide Adesina

November 9, 2020

Brent oil futures gained 2.71% to $40.53 and West Texas Intermediate futures soared higher by 2.91% to trade $38.22.

At 60, can Nigeria keep depending on Crude Oil?

by Opeoluwa Dapo-Thomas

October 1, 2020

Six decades after the discovery of oil, can Nigeria continue to depend on the black gold as its mainstay?

OPEC Cut: Nigeria defies Quota, increases crude oil production, FG discloses impact of OPEC+ oil output cut, how to manage post subsidy era

Will Oil-nations allow Renewable Energy replace Oil?

by Opeoluwa Dapo-Thomas

June 23, 2020

It is evident that the world can no longer rely on Oil for the sake of the world's health.

Trump proposes $25 billion bailout for U.S. airlines, President Trump approves Oracle, Walmart deal with TikTok, US gives reasons it warned citizens against travelling to Nigeria, lists 12 high risk states, Donald Trump, What does Iran’s war with America mean for Africa?, US to stop issuing visa for Birth Tourism, Trump Travel Ban List: Why Nigeria should be excluded , US spends over $5b in health assistance to Nigeria in 20 years, gives $32.8m for covid-19, Oil Is Back, YouTube suspends President Trump's account

Now that Oil is back

by Opeoluwa Dapo-Thomas

May 20, 2020

Oil Is Back after Donald Trump tactfully negotiated one of the most important diplomatic deals with Saudi and Russia

oil, NNPC inks $1.16 million deal to deliver power project, NNPC inks deal to boost Nigeria's oil reserve base, Abule-Egba pipeline explosion: NNPC reacts, as over 45,000 incidents recorded in 18 years

Pipeline explosion: Over 45,000 incidents recorded in 18 years – NNPC

by Fakoyejo Olalekan

January 21, 2020

The Nigerian National Petroleum Corporation (NNPC) has disclosed that 45,347 incidents of pipeline explosion had occurred in the last 18 ...

FG battles 6 oil firms for failure to remit N20 trillion , ExxonMobil, Shell, Chevron delay $58.4 billion oil and gas investment in Nigeria, Crude Oil: Nigeria’s oil production slips for the third consecutive month , Tax reform, policy uncertainty to cause oil drop as foreign firms look outside Nigeria, Nigeria plans to support oil price with lower production cost per barrel, Oil price slumps further to $30 pb, as Nigeria grapples with high production cost, Reduction in PMS: A nod to the deregulation of the downstream sector?

Crude Oil: Nigeria’s oil production slips for the third consecutive month

by CSL Stockbrokers

January 17, 2020

Yesterday, OPEC released its monthly oil market report for December which showed that Nigeria’s oil production dipped to a new ...

Tag: Oil