oil price

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Oil prices drop as weaker demand return to haunt market

Oil prices drop as weaker demand return to haunt market

Oil prices slipped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020. Brent futures were down 11 cents, or 0.2 per cent, at 64.14 dollars […]

Oil prices drop as trade war concerns haunt market

Oil prices drop as trade war concerns haunt market

Oil prices slipped for a second straight session on Tuesday as a slowing global demand outlook outweighed OPEC’s deal with associated producers last week to deepen output cuts in 2020. Brent crude was down 17 cents, or 0.3%, at $64.08 per barrel by 0954 GMT while West Texas Intermediate oil was down 21 cents, or […]

9th PNC: Oil price volatility threatening Nigerian Content — NNPC

9th PNC: Oil price volatility threatening Nigerian Content — NNPC

By Michael Eboh & Prince Okafor The Nigerian National Petroleum Corporation, NNPC, yesterday, expressed concern that the persistent volatility in the price of crude oil is putting immense pressure on the local content initiative of the Federal Government. Speaking in Bayelsa, at the ongoing 9th Practical Nigerian Content, Group Managing Director of the NNPC, Mallam […]

Oil prices fall as global demand concerns grow

Oil prices fall as global demand concerns grow

Oil prices fell on Monday on concerns about slackening global demand that outweighed bullish signals from Europe, where fears of an economically damaging no-deal Brexit have eased.

Oil prices on ebb tide as gloom gathers over global economy

Oil prices on ebb tide as gloom gathers over global economy

Oil prices fell on Monday, extending last week’s heavy losses, with traders fearing the global economic slowdown will weigh on future oil demand growth while pegging hopes for a rebound on progress in talks this week on ending the U.S.-China trade war. Brent crude futures LCOc1 edged down 28 cents to 58.09 dollars a barrel […]