Oil price crash: Nigeria needs emergency measures — SEC
Acting Director-General of the Securities and Exchange Commission, SEC, Ms. Mary Uduk, yesterday, disclosed that emergency measures needed to be put in place by the country to insulate the Nigerian economy against expected shocks caused by the falling crude oil prices and increasing spread of coronavirus.
Oil price reverses trend, drops back to $60.90
International oil price, yesterday, reversed its two-week upwards movement, slashing $2 to hover at $60.90 over fears of excess supply from non-OPEC member nations.
Oil price hits $62.70, $2.70 in excess of budget benchmark
For the first time in 2019, the price of oil has risen from $60.00 to $62.70 per barrel as Organisation of Petroleum Exporting Countries, OPEC, intensifies efforts to withdraw excess oil from the volatile market.
China’s economy, others influence oil market stability – Analysts
Oil market analysts have identified the combination of geopolitical risk, global growth, China’s economy and the dollar’s trajectory as the main influencers of current rise in crude oil price.
Oil price hits $60, raises hope for Nigeria’s 2019 budget
THE oil price rebound, yesterday, reached a significant point, selling at $60 per barrel, as the Organisation of Petroleum Exporting Countries, OPEC, continue to withdraw excess oil from the international market.
Oil price hovers at $57, as Saudi Arabia cuts output by 500,000 bpd
THE price of crude oil, yesterday, hovered around $57.00, after hitting $58.00 on Saturday in the international market, as Saudi Arabia cuts output by 500,000 barrel per day, bpd.
