Oil Prices

Oil prices dip amidst COVID-19 resurgence

Oil edged lower as the coronavirus resurgence raised concerns about demand ahead of an OPEC+ meeting this week that could…

5 years ago

Oil drops again on doubts over demand rebound

Oil prices extended their losses on Tuesday as concerns about the fragile state of the global recovery in demand for…

5 years ago

OPEC loses $1trn to oil price plunge in two years, says Sec Gen

Organization of the Petroleum Exporting Countries (OPEC), Secretary-General, Dr Mohammad Barkindo revealed that OPEC member countries have lost around $1…

5 years ago

Banks lend N130bn to oil firms in February, says CBN

Operators in the downstream, natural gas and crude oil refining sectors of the Nigerian oil and gas industry borrowed N130bn…

5 years ago

Oil prices fall as fresh COVID-19 lockdown looms

Oil prices fell more than 3% on Monday over fears that COVID-19 lockdowns across Europe will weaken fuel demand. Brent…

6 years ago

Oil prices dip by 3%

Oil prices spiralled 3 per cent downward on Friday erasing previous months gain as major crude benchmarks fell to their…

6 years ago

OPEC+ achieves 97% oil output cuts compliance in July

Members of the Organisation of Oil Producing Countries and allies called OPEC+ achieved  around 97% oil output cuts compliance in July,…

6 years ago

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