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Tag "Crude Oil Prices"

Oil prices rise as OPEC sticks to planned monthly output

    Oil prices rise as OPEC sticks to planned monthly output

The Organisation of Petroleum Exporting Countries and its allies, known as OPEC+, have agreed to stick to the planned monthly oil output. OPEC disclosed this on Thursday at the end

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INSIGHT: Fix refineries, pump more oil… how Nigeria can benefit from high oil prices

    INSIGHT: Fix refineries, pump more oil… how Nigeria can benefit from high oil prices

Crude oil prices have surged above $100 a barrel on coordinated production quotas by the Organisation of the Petroleum Exporting Countries (OPEC) and Russia’s invasion of Ukraine. Oil price generally

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Rising oil prices not good for Nigeria, says Sylva

    Rising oil prices not good for Nigeria, says Sylva

Timipre Sylva, minister of state for petroleum resources, says the increase in prices of global crude oil is not good for the country. Speaking on the rising crude oil prices

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Oil prices rise as OPEC+ maintains monthly output increase

    Oil prices rise as OPEC+ maintains monthly output increase

Oil prices continued an upward trend on Monday after the Organisation of Petroleum Exporting Countries (OPEC) and its allies agreed to maintain its schedule of gradual monthly oil production increases.

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Oil price tops $80 per barrel for first time in three years

  Oil price tops $80 per barrel for first time in three years

Oil prices continued to surge as Brent crude, global oil benchmark, climbed a three-year high amid increasing demand for the

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Crude oil prices surge amid China’s growing energy demand

  Crude oil prices surge amid China’s growing energy demand

Oil prices jumped on Tuesday after increasing energy demand from China, world’s second-largest oil consumer. As at 11:06 am, the

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Oil prices rebound on fears Suez Canal blockage may last weeks

  Oil prices rebound on fears Suez Canal blockage may last weeks

Oil prices surged more than four percent on Friday, over mounting fears that it will take weeks to refloat Ever

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OPEC: Gradual oil recovery expected in 2021 amid vaccine rollout

  OPEC: Gradual oil recovery expected in 2021 amid vaccine rollout

The Organisation of Petroleum Exporting Countries (OPEC) says the gradual rollout of vaccines around the world is a positive factor

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Oil prices rebound to 8-month high on vaccine hopes

  Oil prices rebound to 8-month high on vaccine hopes

Global oil prices hit the highest level since March on Tuesday, rising above $47 per barrel (pb) as hopes for

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Shares, oil prices plummet after Trump contracts COVID-19

  Shares, oil prices plummet after Trump contracts COVID-19

Oil prices extended losses to about 3 percent on Friday, after US President Donald Trump said he tested positive for

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