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Tag "oil prices"

Oil price surges 5% after OPEC+ agrees to keep output unchanged

    Oil price surges 5% after OPEC+ agrees to keep output unchanged

Crude oil prices pushed higher on Thursday after the OPEC+ alliance surprised traders with its decision to keep production unchanged, signaling the potential of an even tighter market next month.

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Crude oil trades at $62 — highest in 13 months

    Crude oil trades at $62 — highest in 13 months

Oil prices jumped again by 2.49 percent on Friday, hitting a fresh 13-month peak, and surpassing the $60 high set earlier this week. Brent Crude, the international oil benchmark, traded

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Nigeria’s oil revenue gets boost as price hits $57 — highest in one year

    Nigeria’s oil revenue gets boost as price hits $57 — highest in one year

Nigeria’s revenue is set to get a boost as crude oil prices continued to rally on Tuesday, hitting the highest level in nearly 12 months. During early Tuesday trading, Brent

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Oil prices hit 11-month high on Saudi oil cut

    Oil prices hit 11-month high on Saudi oil cut

Oil prices on Wednesday touched its highest level since February on the back of  Saudi Arabia’s production cut and United States (US) crude inventory decline. Brent crude, the international benchmark,

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Afreximbank forecasts 10% rise in oil prices by 2021

  Afreximbank forecasts 10% rise in oil prices by 2021

The African Export-Import Bank (Afreximbank) has predicted that oil prices will rise by 10 percent in 2021. This was contained

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Fashola on falling oil price: We’d re-strategise, NOT abandon our projects

  Fashola on falling oil price: We’d re-strategise, NOT abandon our projects

Babatunde Fashola, minister of works and housing, says the fall in the price of crude oil will not result in

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Mele Kyari: Fuel subsidy removal reduced FG’s expenses by $400m

  Mele Kyari: Fuel subsidy removal reduced FG’s expenses by $400m

Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), says the act of removing fuel subsidy from

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Oil prices drop as US COVID-19 cases surge raise demand concerns

  Oil prices drop as US COVID-19 cases surge raise demand concerns

Oil prices fell on Tuesday, erasing earlier gains, on fears that the recent spike in confirmed COVID-19 cases in the

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Fitch: Power supply shortages, insecurity will dampen Nigeria’s growth outlook

  Fitch: Power supply shortages, insecurity will dampen Nigeria’s growth outlook

Fitch, a global credit rating agency, says Nigeria’s medium-term growth outlook will be slowed down by “acute” supply shortages in

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Oil prices ‘may hinder naira’ from benefits of weak dollar

  Oil prices ‘may hinder naira’ from benefits of weak dollar

Lukman Otunuga, FXTM research analyst, says the naira will not benefit from a weakening dollar if oil prices keep declining

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