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Tag "Brent"

Oil jumps to $52 as Saudi, Russia agree to extend deal till 2018

    Oil jumps to $52 as Saudi, Russia agree to extend deal till 2018

Oil prices began the week on a positive note, as Saudi Arabia and Russia, the world’s largest producers, agreed to extend the historic OPEC deal till March 2018. In a

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Oil price jumps to $56 after US missiles hit Syria

    Oil price jumps to $56 after US missiles hit Syria

Oil price went to a one-month high on Friday after the United States attacked a Syrian government airbase, killing six people, rattling the oil-rich region. On Thursday night (Nigerian time),

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Oil closes in on 2016 budget benchmark, as WTI falls below $40

    Oil closes in on 2016 budget benchmark, as WTI falls below $40

US oil – West Texas Intermediate – fell below $40 per barrel for the first time since April, as Brent crude – the international benchmark for crude oil – closed in on

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Niger Delta militants push global oil prices to $50 – highest in 2016

    Niger Delta militants push global oil prices to $50 – highest in 2016

Oil prices eventually rose to a 2016 high on Thursday morning, hitting the highly anticipated $50 a barrel mark, following disruptions in Nigeria’s production levels. The prices rose to a

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Oil price rise ‘set’ to break seven-year record

  Oil price rise ‘set’ to break seven-year record

Oil is on track for its biggest monthly gain in seven years as a result of a weak dollar and

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Oil prices close in on $50 to hit 2016 high

  Oil prices close in on $50 to hit 2016 high

The prices of crude oil hit its highest point in 2016 on Wednesday, trading a few cents above the previous

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Oil prices soar again – bad news for Nigeria?

  Oil prices soar again – bad news for Nigeria?

Crude oil prices continued on its upward spike on Tuesday, fluctuating at 2016 highs of $46 per barrels, but this may

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Oil hits $43 as PMS subsidy rises to N9.09/litre

  Oil hits $43 as PMS subsidy rises to N9.09/litre

Oil reached a 2016 high of $43 per barrel on Tuesday, as latest pricing template released by the Petroleum Products

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Oil hits four-month high, trades at $42

  Oil hits four-month high, trades at $42

Brent crude prices rose to a four-month high on Monday as a rally in wider commodities markets encouraged buying ahead

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OPEC oil at $32 as PMB screens $38 budget

  OPEC oil at $32 as PMB screens $38 budget

The basket price for the Organisation of Petroleum Exporting Countries (OPEC) oil has fallen to $32.63, as President Muhammadu Buhari

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