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 ...
Tag: OPEC+ alliance
Brent Crude gains 23% WoW, as oil production cut kicks off
Brent crude had an impressive gain of about 23%, while U.S oil surged by about 17%.
Nigeria’s bonny light crude price falls below Brent crude, WTI
Nigeria seems to be falling into a deeper revenue mess as the price of the country’s headline crude, Bonny light ...
President Trump says oil cut will be 20 million bpd
US President Donald Trump has disclosed that the Organisation of Petroleum Exporting Countries and allies (OPEC+) is looking at 20 ...
OPEC+ Alliance, US, Russia, Canada, Mexico reach historic deal to cut 13.4 million bpd
A historic deal to cut global crude oil output has been reached between OPEC, Russia and a group of 20 ...
UPDATE: Saudi, Russia agree to cut oil by 10 million barrels per day
Saudi Arabia and Russia have struck a deal on a deep output cut.
Oil price war threatens Nigeria’s economic stability
Global oil prices declined significantly late yesterday as news reports filtered into the market of an impending price war between ...
