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Tag "oil price"

Oil price drops to $112 a barrel as China’s Shanghai reopens factories

    Oil price drops to $112 a barrel as China’s Shanghai reopens factories

Oil prices, on Tuesday, dropped slightly to $112 a barrel as factories in Shanghai prepared to reopen after a COVID-19 shutdown.  Brent crude futures, the global oil benchmark, fell 0.77

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Nigeria’s oil production dropped to 1.24m bpd in March — lowest so far in 2022

    Nigeria’s oil production dropped to 1.24m bpd in March — lowest so far in 2022

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says oil output dropped to an average of 1.24 million barrels per day (bpd) from 1.25 million in February 2022. NUPRC disclosed this

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Oil prices rise above $110 a barrel as EU weighs potential ban on Russian oil

    Oil prices rise above $110 a barrel as EU weighs potential ban on Russian oil

Oil prices, on Tuesday, climbed higher amid talks by some European Union members to ban Russian oil and attacks on Saudi Arabia’s oil facilities. At 9.00 GMT+1, Brent crude futures

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Crude oil prices fall below $100 a barrel — lowest in three weeks

    Crude oil prices fall below $100 a barrel — lowest in three weeks

Oil prices, on Tuesday, plummeted over 6 percent amid hopes for progress to end Russia’s invasion of Ukraine. Brent crude, the global oil benchmark, fell to $99.98 a barrel, while

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Oil prices fall below $110 a barrel amid diplomatic talks to end Ukraine war

  Oil prices fall below $110 a barrel amid diplomatic talks to end Ukraine war

Oil prices dropped three percent on Monday amid reinforced diplomatic efforts to end the Russia-Ukraine crisis.  At 09.08 GMT+1, Brent

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Earnings to take a hit as Nigeria’s oil production drops to 1.25m bpd

  Earnings to take a hit as Nigeria’s oil production drops to 1.25m bpd

Nigeria’s oil production dropped in February to an average of 1.25 million barrels per day (bpd) from 1.39 million the

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Oil price hits $130 amid potential ban on Russian oil

  Oil price hits $130 amid potential ban on Russian oil

Oil price, on Tuesday, surged to $130 a barrel amid oversupply fears triggered by a potential US and European ban

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OPEC+ sticks to modest output plans despite high oil prices

  OPEC+ sticks to modest output plans despite high oil prices

The Organisation of Petroleum Exporting Countries and its allies, known as OPEC+, have agreed to increase production by 400,000 barrels

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Petrol subsidy to bite harder as oil price rises to $112 a barrel — highest since 2011

  Petrol subsidy to bite harder as oil price rises to $112 a barrel — highest since 2011

Global oil prices pulled a surprise on Wednesday, trading above $110 a barrel amid supply disruptions following Russia’s invasion of

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Oil is $100 and we’re not smiling

  Oil is $100 and we’re not smiling

Gone are the days when high crude oil prices meant a lot to Nigeria, or should I say Nigerians. It

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