Oil prices stay on course over successful rollout of COVID-19 vaccines

Oil prices gain likely to halt over demand uncertainty as US-China tension intensifies

The British-based oil contract, Brent crude surged by 0.46%, to trade at $62.99 a barrel, up from four days of ...

Oil price decline is driven by poor market

Oil prices plunge on fears OPEC+ may increase Oil supply

March 2, 2021

Oil traders are becoming wary that OPEC+ will increase oil output and further distort the energy demand/supply dynamics.

Crude oil in Nigeria, Oil producing states in Nigeria, Department of Petroleum Resources, DPR yet to recognise Anambra Enugu and Kogis States as oil producers, West Africa’s crude inventory is building up as demand slows due to Coronavirus, Oil at $26, as Saudi Arabia in no retreat no surrender oil battle with Russia, Crude oil prices fall to $30 as COVID-19 erases gains from oil production cuts, Crude oil prices surge higher as Brent crude hits almost $30 per barrel , Brent crude plunges 5%, world’s second largest economy skips economic growth target

Oil prices drop, despite strong fuel demand in play

by Olumide Adesina

February 10, 2021

Brent oil futures lost about 0.2% to trade around $61 a barrel

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

Oil prices stay firm after reaching highest point in more than 11 months

by Olumide Adesina

February 3, 2021

Brent crude futures rose by 0.3%, to $57.62 a barrel, in a fourth straight day of gains after hitting $58.05 ...

Nigeria needs to produce, export more oil and gas to sustain fiscal needs -Economist

Oil prices fall under pressure over rising number of COVID-19 cases in China

by Olumide Adesina

January 25, 2021

Brent crude was down by 0.24% to trade at $55.12 barrel, and WTI futures inched down by 0.10% to $52.22 ...

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?

Oil traders weigh if COVID-19 support programs will buoy economic growth

by Olumide Adesina

January 19, 2021

Brent oil crude futures gained 0.40% to trade at $54.95 while WTI futures were dropped 0.23% to trade at $52.30 ...

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

Oil prices drop, storm departs Gulf of Mexico

by Olumide Adesina

October 12, 2020

Crude oil prices drifted lower at the first trading session of the week.

Crude oil prices slump, as partial lockdowns resume

Crude oil prices drop on falling US gasoline demand

by Olumide Adesina

September 3, 2020

Both Crude oil benchmarks dropped more than 2% with WTI sliding to its lowest.

Brent crude drops to $25, oil demand drops by about 10% of world’s consumption, Brent Crude Oil hits $26, as Nigeria's Sweet Crude demand falls, Oil price pushes up before OPEC meeting, Asian equity markets mixed, NIGERIA OIL: Darker days ahead as Brent falls below production cost, Brent crude drops, as oil traders focus on OPEC+ meeting

Brent crude prices set to post fifth straight monthly gains

by Olumide Adesina

August 31, 2020

Brent crude prices in the last few weeks, keep ranging between the $44-$46 ranges.

IEA advises countries to ease oil and gas reliance, despite $4 trillion industry profit recorded in 2022

Global oil supply to drop by 12 million b/d to 9 year low, covid-19 resurgence still a concern – IEA

by Chike Olisah

May 14, 2020

IEA has just released its Oil Market Report for May 2020, with reliable data, forecasts, and analysis of trends in ...

Tag: WTI