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Tag "Brent"

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 a decline in US production, reducing global oversupply. Brent crude,

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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 2016 high of $46 per barrel and inching closer to

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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 be bad news for Nigeria. Brent crude prices climbed on

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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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OPEC reveals oil output may hurt Budget 2016

  OPEC reveals oil output may hurt Budget 2016

Despite rising oil prices, Nigeria’s  2016 budget may be hurt by low production levels, the Organisation of Petroleum Exporting Countries

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Nigeria ‘partly responsible’ for rise in oil price

  Nigeria ‘partly responsible’ for rise in oil price

Nigeria, alongside Iraq and the United Arab Emirates, is responsible for the rise seen in oil prices, the International Energy

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Oil set for second weekly gain on Russia-led supply cut talk

  Oil set for second weekly gain on Russia-led supply cut talk

Global benchmark Brent crude futures rose on Friday, moving nearly eight per cent higher so far this week and set

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