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Tag "Organisation of Petroleum Exporting Countries"

Oil prices hit $70 per barrel amid OPEC cuts

    Oil prices hit $70 per barrel amid OPEC cuts

Oil prices were firm on Wednesday, receiving ongoing support from healthy economic growth and supply restrictions led by the Organisation of the Petroleum Exporting Countries (OPEC) and Russia. NAN reports

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Oil price will ‘remain between $40-$60’ despite OPEC cut

    Oil price will ‘remain between $40-$60’ despite OPEC cut

Moody’s, US-based ratings agency, says crude oil prices will remain within the range of $40 to $60 despite the extension of the supply cuts agreed on by the Organisation of

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Oil prices hit 30-month high of $65

    Oil prices hit 30-month high of $65

Brent crude oil prices jumped above $65 per barrel after the shut down of the Forties North Sea pipeline knocked out significant supplies. Brent crude, the international benchmark for crude

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At $44.5 oil benchmark, Nigeria’s 2017 budget may be at risk — before take-off

    At $44.5 oil benchmark, Nigeria’s 2017 budget may be at risk — before take-off

Declining oil prices may put the Nigeria’s 2017 budget at risk, as deficit will rise due to fall in oil revenue for a budget yet to be passed by the

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Oil prices begin decline less than a week after OPEC deal

  Oil prices begin decline less than a week after OPEC deal

Less than a week after the Organisation of Oil Exporting Countries (OPEC) agreed to a production cut for its members,

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More worries for Nigeria as oil dips to 6-year low

  More worries for Nigeria as oil dips to 6-year low

Nigeria’s principal source of foreign exchange hit a 6-year-low on Thursday as it fell by 4% on the international market

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