Wednesday, August 17, 2022
MARKET UPDATE
Advertisement

TheCable

Tag "oil prices"

Meta market cap drops 9.9% to $514bn as Russia blocks social media giants

    Meta market cap drops 9.9% to $514bn as Russia blocks social media giants

Global stock markets fell on Monday as technology stocks tumbled, reeling from Russia’s blockage of access to social media platforms and news sites in the country. Amid its war with

0 comment Read Full Article

Oil prices jump as OPEC+ agrees to stick to planned output

    Oil prices jump as OPEC+ agrees to stick to planned output

Oil prices jumped Wednesday as the Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed to stick to its planned oil output.  Brent crude rose 1.03

0 comment Read Full Article

Oil price falls below $90 a barrel ahead of OPEC+ meeting

    Oil price falls below $90 a barrel ahead of OPEC+ meeting

Oil prices dropped slightly ahead of the meeting of the Organisation of the Petroleum Exporting Countries and its allies, known as OPEC+. Brent crude futures, global oil benchmark, fell 0.03 percent to

0 comment Read Full Article

Oil prices near $80 a barrel ahead of OPEC+ meeting

    Oil prices near $80 a barrel ahead of OPEC+ meeting

Oil prices posted the first gain in 2022, edging towards $80 a barrel ahead of the meeting of the Organisation of the Petroleum Exporting Countries and its allies, known as

0 comment Read Full Article

N1trn in 10 months… how petrol subsidy payments put a dent on Nigeria’s revenue in 2021

The tenacious under-recovery of premium motor spirit (PMS), also known as petrol subsidy, created a messy revenue for the federation

0 comment Read Full Article

Oil price falls to $70 a barrel amid surge in Omicron COVID-19 variant cases

  Oil price falls to $70 a barrel amid surge in Omicron COVID-19 variant cases

Crude oil prices fell by 4 percent on Monday over rising cases of the Omicron coronavirus variant in Europe and

0 comment Read Full Article

Oil price tops $75 amid ease in Omicron COVID-19 variant concerns

  Oil price tops $75 amid ease in Omicron COVID-19 variant concerns

The global oil price climbed above $75 per barrel on Friday amid ease in concerns that the travel restrictions instigated

0 comment Read Full Article

Oil prices rise amid drop in US crude inventories

  Oil prices rise amid drop in US crude inventories

Oil prices rose on Wednesday after industry data showed a large drop in crude inventories of the United States, the

0 comment Read Full Article

OPEC cuts, high subsidy payment… why Nigeria is not benefitting from high crude oil prices

  OPEC cuts, high subsidy payment… why Nigeria is not benefitting from high crude oil prices

Crude oil prices have been on a tear on the back of gradual global recovery and vaccine roll out after

0 comment Read Full Article

Oil prices hit highest levels in years on improved demand

  Oil prices hit highest levels in years on improved demand

Oil prices continued an upward trend on Wednesday as confidence in the outlook continues to grow on the back of

0 comment Read Full Article