Friday, April 26, 2024
MARKET UPDATE
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Tag "Brent Crude"

REWIND: 12 days ago, NNPC said there’d be no fuel price hike in March

    REWIND: 12 days ago, NNPC said there’d be no fuel price hike in March

While men — and women — slept, the Petroleum Products Pricing Regulatory Agency (PPPRA) quietly increased the pump price of petrol to N212.61 per litre. Nigerians woke up on Friday

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Crude oil price crosses $70 after missile attack on Saudi Arabian facilities

    Crude oil price crosses $70 after missile attack on Saudi Arabian facilities

The price of Brent crude, the grade against which Nigeria’s crude oil is benchmarked, has crossed $70. The US West Texas Intermediate (WTI) was also trading at $66.88 per barrel.

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Crude oil hits $68 as Goldman Sachs projects prices may rise to $80 by Q3

    Crude oil hits $68 as Goldman Sachs projects prices may rise to $80 by Q3

The price of Brent crude, against which Nigeria’s crude oil is priced, has risen to $68.03 per barrel following the decision of the Organisation of Petroleum Exporting Countries (OPEC) to

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Goldman Sachs: Brent crude price may hit $75 per barrel by Q3 2021

    Goldman Sachs: Brent crude price may hit $75 per barrel by Q3 2021

Goldman Sachs, a US investment bank and financial services company, has projected that oil prices will rebound to $75 by the third quarter of 2021. Goldman said on Monday that

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Crude oil trades at $62 — highest in 13 months

  Crude oil trades at $62 — highest in 13 months

Oil prices jumped again by 2.49 percent on Friday, hitting a fresh 13-month peak, and surpassing the $60 high set

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Another petrol price review? All eyes on PPPRA as crude oil hits $60

  Another petrol price review? All eyes on PPPRA as crude oil hits $60

Analysts and market watchers are anticipating an increase in the retail price of petrol in fuel stations across Nigeria. This

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Nigeria’s oil revenue gets boost as price hits $57 — highest in one year

  Nigeria’s oil revenue gets boost as price hits $57 — highest in one year

Nigeria’s revenue is set to get a boost as crude oil prices continued to rally on Tuesday, hitting the highest

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Oil prices hit 11-month high on Saudi oil cut

  Oil prices hit 11-month high on Saudi oil cut

Oil prices on Wednesday touched its highest level since February on the back of  Saudi Arabia’s production cut and United

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Oil prices slip nearly 2% as new virus strain dashes recovery hopes

  Oil prices slip nearly 2% as new virus strain dashes recovery hopes

Oil prices dropped nearly 2 percent on Tuesday as a new strain of the novel coronavirus in the United Kingdom

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Oil prices surge above $50 as US stockpiles shrink

  Oil prices surge above $50 as US stockpiles shrink

Oil prices extend its gains Thursday morning to a nine-month high at $51.06 after United States (US) crude stockpiles declined

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