oil price

Oil prices getting higher, hit $80

Oil prices getting higher, hit $80

Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and as the dollar continued to weaken.
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Economic woes heighten as buyers shun Nigerian crude

Economic woes heighten as buyers shun Nigerian crude

Nigeria’s economy faces significant risks in the days ahead, as the country is currently having difficulties getting buyers for its crude oil in the international market, even as the price of its various oil grades have been on a downward trend over the last couple of months.

Demand slows to 1.2 mbpd in 2016 — IEA

Demand slows to 1.2 mbpd in 2016 — IEA

Global oil demand growth is forecast to slow to 1.2 million barrels a day (mb/d) in 2016, the International Energy Agency, IEA, said in its World Energy Outlook 2015, just released.