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Tag "oil prices"

EXCLUSIVE: Petrol subsidy payments gulped N1.27trn in five months

    EXCLUSIVE: Petrol subsidy payments gulped N1.27trn in five months

For the fifth time in 2022, the Nigerian National Petroleum Company (NNPC) Limited failed to remit revenue to the federation account as subsidy claims eroded gains. NNPC said this in

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Oil price tumbles to $109 a barrel amid Biden’s push for petrol tax holiday

    Oil price tumbles to $109 a barrel amid Biden’s push for petrol tax holiday

Oil prices fell amid a push by President Joe Biden to bring down soaring fuel costs in the United States.  On Wednesday, Brent crude futures dropped 4.51 percent to $109.98

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Oil price falls to $120 a barrel amid high COVID-19 cases in China’s capital

    Oil price falls to $120 a barrel amid high COVID-19 cases in China’s capital

Global oil prices fell on Monday amid a rise in COVID-19 cases in Beijing, dasing hopes for a swift pick-up in China’s fuel demand.  Brent crude futures dropped 1.66 per

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Oil price hits $115 a barrel — highest in seven weeks

    Oil price hits $115 a barrel — highest in seven weeks

Oil prices rose on Tuesday amid an ongoing push by the European Union for the Russian oil imports ban.  Brent crude climbed 1.04 per cent to $115.29 a barrel on

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Oil prices fall below $105 a barrel amid drop in China’s factory activities

  Oil prices fall below $105 a barrel amid drop in China’s factory activities

Oil prices dropped to $104 a barrel amid oversupply fears triggered by dwindled industrial activities in China, the world’s top

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Oil prices fall below $100 a barrel amid lockdowns in China

  Oil prices fall below $100 a barrel amid lockdowns in China

Oil prices, on Monday, plunged 4 per cent amid concerns that the pandemic will cut demand in China.  Brent crude

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Oil price tops $100 a barrel amid IEA plans for ‘largest’ reserve release

  Oil price tops $100 a barrel amid IEA plans for ‘largest’ reserve release

Oil prices, on Friday, traded above $100 a barrel as member nations of the International Energy Agency (IEA) announced plans

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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

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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

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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+.

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