Tuesday, March 28, 2023
MARKET UPDATE
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Tag "Brent"

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 Agency (IEA) has said. In its latest Oil Market Report (OMR)

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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 for a second weekly gain. Oil was spurred by hopes

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OPEC mulls emergency meeting on $27 oil price

    OPEC mulls emergency meeting on $27 oil price

Ibe Kachikwu, state minister for petroleum resources, says the Organization of the Petroleum Exporting Countries (OPEC) may hold an emergency meeting to address plunging oil prices. Kachikwu said some OPEC

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OPEC oil now $27…$18 may be sooner than later

    OPEC oil now $27…$18 may be sooner than later

The Organisation of Petroleum Exporting Countries (OPEC) basket price for oil may be closer to the predicted $18 than thought, with the oil currently trading at $27.85 per barrel. According

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OPEC oil now $29… heading for $18 in 2016

  OPEC oil now $29… heading for $18 in 2016

The Organisation of Petroleum Exporting Countries (OPEC) basket price for oil took a deep dive on Thursday as the commodity

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Oil prices rebound as World Bank lowers forecast

  Oil prices rebound as World Bank lowers forecast

One day after oil prices fell based on a larger-than-expected build in US crude inventories, the prices have risen, moving

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Oil prices slip ahead of OPEC meeting in Vienna

  Oil prices slip ahead of OPEC meeting in Vienna

Oil prices slipped on Thursday ahead of a key Organisation of the Petroleum Exporting Countries (OPEC) meeting to decide production

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