Analysts have been publicly claiming that a dropin the value of the U.S. dollar is coming. Of course, this has implications for international trade, manufacturing, travel and the purchasing power of Americans.
It also has a direct impact on the price of crude oil. If the value of the U.S...
Nigeria, Africa’s top oil producer, earned a total of $236.15bn from petroleum exports over the last five years, a new report by the Organisation of Petroleum Exporting Countries has shown.....
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SINGAPORE (Reuters) – Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should keep supplies restricted at current levels, and in relief that the United States withdrew a tariff threat against Mexico, removing a cloud over the global economy......
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Crude oil prices dropped Wednesday to $69 per barrel, representing about two percent reduction over its previous prices. The prices of the different baskets of crude oil were weighed down by equity markets as China threatened to escalate the trade war with the...
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Oil prices dipped on Thursday after data showed record U.S. crude oil production, which resulted in a surge in stockpiles. Outside the United States, however, oil markets remained tense as all exemptions to U.S. sanctions on Iran expire, the political crisis in Venezuela escalates…
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Oil prices have once again continued bullish run by spiking to a six-month high.
Specifically, Brent crude futures jumped more than 3 percent to $74.36 per barrel in the early hours of today, hitting the highest level since November 1st, 2018. Also, West Texas Intermediate crude futures rose...
The Federal Government and International Oil Companies (IOCs)operating in Nigeria’s oil and gas industry have agreed to a whopping $13.95 million revenue deficit on crude oil sale in one month, New Telegraph has learnt.
This deficit, data obtained from this newspaper showed, is to be …
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Saudi Arabia is currently the largest oil-exporting country in the world. Last year, the Middle Eastern nation shipped 7.1 million barrels of oil per day (BPD) to global markets.
That’s light-years ahead of the roughly 2 million BPD the U.S. exported last year. However, America is currently …...
Oil prices dipped on Thursday, dragged down by weakening factory output in China and Japan and record U.S. crude output, although markets remained relatively well supported by supply cuts led by producer club OPEC.....
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Nigeria has recorded a drop of 17.6 per cent in its number of active oil rigs bringing ...
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THE price of crude oil has crashed from $57.00 to $53.82 in the international market as the Organisation of Petroleum Exporting Countries, OPEC and others struggle to achieve stability.
Oil A survey of the …
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The just – concluded meeting of the acclaimed oil cartel group, the Organisation of Petroleum Exporting Countries (OPEC) has raised fears as to its continued relevance in the global oil market....
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Iran says Qatar’s decision to quit the Organisation of the Petroleum Exporting Countries (OPEC) shows frustration of small crude producers with the dominant role of Saudi Arabia in OPEC, a senior Iranian energy official said on Monday.
“This Qatar’s decision is very regretful …
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Nigeria’s lost a total $467 million in July due to shut-in of production from leaking pipelines carrying crude oil from wells to flow stations in the Niger Delta, where more than 90 percent of the country’s crude are explored.
The loss comes from 6.29 million …
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THE price of crude oil, which has been falling in the past three weeks, further dropped from $71 per barrel to $69 per barrel, yesterday as the Organisation of Petroleum Exporting Countries, OPEC, predicted oil demand growth to increase by 1.50…
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Crude oil prices have spiked after Saudi Arabia vowed to cut production Crude oil futures have spiked in early trade on Monday, finding support on reports that Saudi Arabia will cut production levels in December.
Both WTI and Brent futures are up …
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The Nigerian National Petroleum Corporation (NNPC) has said that it remitted N118.4 billion to the Federation Account in August after it recorded crude oil and gas export sale of $470million in the month.
The crude oil and gas sale, the corporation said in its Monthly Financial Report released...
Oil prices slipped yesterday as concerns mounts that an economic slowdown may curb fuel demand growth overshadowed the reintroduction of sanctions on Iran.
International Brent crude oil futures were down 21 cents, or 0.3 per cent, at $72.96 a barrel, while the U.S. West Texas Intermediate...
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