The ongoing tariff war between the United States and China has escalated, sending global crude prices tumbling by six percent on Wednesday, April 9, 2025. US...
Oil and gas analysts were on Sunday unanimous in their projection that the global price of crude oil will rise further on Monday, above the $90...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
Oil prices rallied on Monday after Hamas launched a shock attack on Israel at the weekend, which has sparked fresh concerns about tensions in the Middle...
At a time many oil-producing countries in the world are cashing out big, the Nigerian National Petroleum Company (NNPC) Limited has announced that nothing was deposited...
It is mixed blessing for the Nigerian economy as prices of crude oil further soared on Tuesday, 24 hours after the leaders of the European Union...
Nigeria may not benefit from increased oil prices, according to the International Monetary Fund (IMF) if the government does not limit the amount of fuel subsidies...
According to the World Bank, raising fuel subsidies puts the Nigerian economy at risk since subsidy payments might have a substantial impact on public finances and...
Oil prices dropped below the $100 per barrel mark as COVID-related lockdowns in China weighed on demand expectations. Data from Reuters showed Brent crude the international...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
Oil prices fell more than 5% on Monday to the lowest in nearly two weeks following the announcement from the United States government that it will...
Oil prices continued to surge on Monday morning and hit $140, the highest level since the administration of Umaru Musa Yar’Adua. Data from Reuters showed that...
The Federal Government has described as a welcome development the rising price of crude oil in the global market, saying, “this is a good omen for...
The international oil benchmark, Brent crude, rose further on Thursday, trading near $59 per barrel according to data from Oilprice.com. As at 11.00am Nigeria time, data...
There seems to be hope on the horizon as the brent oil price is expected to average $53 in 2021, according to Fitch Solutions Country Risk...
Oil prices climbed to their peak in 11 months on Wednesday, following Saudi Arabia’s decision to slash output to a lower-than-expected level during talks between the...
Oil prices were mixed on Tuesday as an impasse in output talks between key crude producers regarding changes to February supply forced the Organisation of the...
Oil prices hit their highs in many months on Monday amid hopes that the Organisation of the Petroleum Exporting Countries (OPEC) and allies will limit supply...
Global crude oil markets have shed around one fifth of their value this year as coronavirus-induced lockdowns hammered much of the world’s economy, but oil prices...
Oil prices advanced on Wednesday, boosted by a COVID-19 stimulus package in the United States and a decrease in crude oil stockpiles. Brent crude futures were...
Oil prices climbed on Tuesday, the third time in four trading sessions, on hopes of fuel demand recovery, as the U.S. drew closer to expanding its...
Trump, whose administration is about to wind down, had initially said he would block the $2.3 trillion aid and spending package. Europe, in the meantime, teed...
Oil prices gained further on Thursday as a fall in the United States crude stockpiles boosted demand hopes, while signs of an imminent Brexit deal buoyed...
Oil prices fell on Wednesday following an industry report that revealed a surprise build in the United States crude oil stocks, and as President Donald Trump...
Oil prices fell towards $50 per barrel on Tuesday, compounding losses incurred on Monday, as a new coronavirus variant in the United Kingdom reignited worries over...
Oil prices fell by over three percent on Monday as a rapidly spreading new COVID-19 strain that has shut down much of the United Kingdom triggered...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
Oil prices dropped from nine-month highs on Friday, with escalating coronavirus infections viewed as a threat to near-term fuel demand and a stronger U.S. dollar also...
Oil prices rose to a 9-month high on Thursday after government data indicated a drop in United States crude stocks last week, an advancement towards a...
Oil prices declined on Wednesday following a surprise increase in crude oil stockpiles in the U.S. and on continuous investor worries about fuel demand being weak...
Oil prices climbed past $50 per barrel on Tuesday as hopes from the rollout of COVID-19 vaccines moderated tighter lockdowns in Europe and predictions of a...
Oil prices climbed on Monday, lifting Brent (the benchmark for Nigeria’s crude oil grades) above $50 per barrel amid optimism that a dispensation of coronavirus vaccines will boost...
Oil prices dipped on Friday but were on course for the sixth consecutive of gains, as the rollout of COVID-19 vaccinations boosted the optimism that fuel...
Oil prices declined on Tuesday, compounding losses recorded at the previous session that came as California made its pandemic lockdown measures stricter through Christmas and coronavirus...
Oil prices inched lower on Monday as a persistent rise in coronavirus infections around the world spurred a number of renewed lockdowns as well as new...
Oil prices advanced by nearly 2% on Friday, approaching a fifth successive week of gains, with key producers consenting on a compromise to extend some cuts...
Oil prices dropped on Thursday as producers comprising Saudi Arabia and Russia deliberated over the necessity of prolonging current output cuts introduced during the first wave...
Oil prices edged lower in early trading on Tuesday but later scaled some of the losses after reports that the United Kingdom had emerged the first...
Oil prices dipped on Monday over investors’ uncertainty of the outcome of a meeting of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies...
Oil prices weakened on Friday in quiet trade on account of the United States Thanksgiving holiday, falling amid glut fears and reservations about a vaccine to...
Oil prices climbed by over one percent on Monday, sustaining the gains recorded in the week that just went by as traders targeted a swift recovery,...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
Oil prices moved up a little on Friday as they approached their third week of appreciation. However, fears of demand slump due to escalating COVID-19 infections...
Oil prices weakened Thursday, with an uptick in COVID-19 infections and stricter curbs on economies around the world fuelling worries over weaker fuel demand, casting shadow...
Oil prices advanced further on Wednesday amidst optimism that the Organisation of the Petroleum Exporting Countries (OPEC) and allies will slow down a proposed hike in...
Oil prices drifted up on Tuesday amid hopes that the Organisation of the Petroleum Exporting Countries and allies will retain current output reduction for a minimum...
Oil prices lifted higher on Monday, recovering some of the grounds lost at the Friday session, with the optimism that the Organisation of the Petroleum Exporting...
Oil prices lifted further on Wednesday as the optimism that a vaccine, developed by Pfizer and BioNTech, will turn out 100 per cent effective in treating...
Oil prices lifted on Monday as benchmark Brent climbed past $40 per barrel, with Joe Biden’s triumph in the U.S presidential poll sharpening investors’ interest and...
Oil prices slid below $40 per barrel on Friday as fresh lockdowns imposed in Europe to curb spiralling coronavirus cases spurred anxiety regarding crude demand outlook...
