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 […]
As oil price crisis looms again
As at end of November 2018, international oil price had crashed below the 2019 Federal Budget oil price benchmark of $60 per barrel, after about seven weeks of free fall. Oil price had peaked at $86 per barrel early October.
Oil price falls below budget benchmark
THE declining global oil price in the last one week may shatter Federal Government’s economic projections for 2019 as well as impact adversely on its Medium Term Expenditure Framework, MTEF, if the trend is not reversed soon.
Implications of continued slide in oil price – FSDH Research
With concerns over a five-week long steady decline in crude oil price, economists at FSDH Merchant Bank Limited, yesterday posted what may be the likely impact on Nigeria’s economy in the short-to-medium term perspective.
Oil price slide enters 5th week, now $71.68 p/b
THERE was tension in oil producing and exporting nations, including Nigeria, yesterday as the price of crude oil slipped further to $71.68 per barrel, about 0.45 or 0.62 per cent down from $72.13 recorded the previous day in the international market. This development puts the price trend on the fifth consecutive week of decline.
Oil price increase: FG will not lose focus on economic diversification — minister
The Minister of Finance, Mrs Zainab Ahmed says the Federal Government will not lose focus on diversifying the economy from oil to other sustainable sectors like agriculture.
Oil price drops to $83 on signs of Iran’s exports
Oilprice fell yesterday by 65 cents to $83.51 per barrel against $86.74 (four-year high) recorded at the close of the market last week.
Oil price, output surges, at highest this year
THE price of crude oil, yesterday surged towards $85 per barrel, the highest so far this year as a result of output shortfalls in Iran, currently being sanctioned by the United States.
Oil price hits $82 per barrel as demand surges
For the first time this year, oil price has risen from $79 to $82.00 per barrel in the international market following high demand from major importing countries.
Oil price rises as markets tighten ahead of Iran sanctions
Oil prices rose on Monday as U.S. markets tightened just weeks ahead of Washington’s plan to impose new sanctions against Iran.
Oil price hits $80 per barrel, highest in 2018
THERE are indications that Nigeria and other major oil exporting nations will continue to generate adequate revenue from oil export in 2018 and beyond, as the Organisation of Petroleum Exporting Countries, OPEC, has put total world oil demand at over 100 million barrels per day, mb/d.
