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Business Oil surges to $38:50 as Nigerian banks quote dollar at N390 for offshore buyers - Businessday
https://businessday.ng/lead-story/article/oil-surges-to-3850-as-nigerian-banks-quote-dollar-at-n390-for-offshore-buyers/- Chinedu Iroka
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THIS WEEK: Markets slid into losses as fear sets in – Nairametrics
Dr. Ibe Kachikwu, Minister of State, Petroleum Results were mixed across the financial markets this week. Equities continued their bearish trend, while yields on treasury bills continue to drop in tandem with inflation. Crude oil prices hit a new high. Here is an extensive look into how the...- curator
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Crude Oil Price Hits Record High as Iran Sanctions Tighten Supply Outlook – Thisdaylive
Oil prices steadied near three and a half-year high yesterday at $77.47 a barrel as the prospect of new United States sanctions on Iran tightened the outlook for Middle East supply at a time when global crude production is only just keeping pace with rising demand. This is coming as Forte Oil...- curator
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Nigeria’s Brent crude crosses $72 mark, production hits 1.81mbpd – The Guardian Nigeria...
Nigeria’s Bonny Light crude oil price touched it’s highest since 2014 at the weekend, supported by Organisation of the Petroleum Exporting Countries (OPEC) led production cuts, and likelihood of the United States taking military action in Syria increases. Besides, Nigeria’s crude … Read...- curator
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Business Crude Oil, Nigeria’s Biggest Revenue Earner Hits $71 Per Barrel
Global oil price, Nigeria’s biggest revenue earner hit $71 a barrel on Thursday for the first time since 2014, raising hope for the country’s excess crude revenues on the N8.612 trillion 2018 budget. President Muhammadu Buhari benchmarked $44.5 per barrel for crude in the 2017 budget, which is...- ProfRem
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Business Global Oil Price Above Buhari's 2018 Budget Benchmark
President Muhammadu Buhari-led federal government has recorded $22 per barrel extra above its 2018 budget benchmark, as crude oil price crossing $69 per barrel. As at Wednesday, the international market, the crude oil prices hit new multi-year highs on Wednesday as OPEC-led production cuts and...- ProfRem
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Business Oil Price Gears Up To $65 Per Barrel
Oil prices in the international market sustained their rally on Tuesday, with the Brent crude, the international benchmark for crude oil, trading at $65.24 a barrel, while U.S. West Texas Intermediate (WTI) crude futures traded at 58.21 dollars a barrel. The last time oil prices exceeded the...- ProfRem
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Business Crude Oil Price Climbs 2-Year High at $62
Oil prices climbed its highest levels since July 2015 early on Monday as markets tightened. This is coming as Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests. Brent futures LCOc1, the international...- ProfRem
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Business Crude Oil Price Hits $61, Favours Nigeria's 2018 Budget
Oil prices were up early on Tuesday, supported by a tightening market due to ongoing OPEC-led efforts to cut supplies, although the prospect of rising U.S. shale output dragged. Brent crude futures, the international benchmark for oil prices, were at 60.84 dollars per barrel at 0027 GMT. Brent...- ProfRem
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Business Why Crude Oil Prices May Rise Above $60 Per Barrel
Oil prices rose on Monday over supply concerns in the Middle-east as the U.S. market showed further signs of tightening while demand in Asia keeps rising. Brent crude futures, the international benchmark for oil prices, were at $57.84 while U.S. West Texas Intermediate (WTI) crude futures were...- ProfRem
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Business Oil Prices Edge Towards $59 On Expected Tensions in Iraq, Iran
Oil prices rose to $59 on Wednesday, following a fall in U.S. crude inventories and concerns that tensions around oil rich Iraq and Iran could disrupt supplies. Brent crude futures, the international benchmark for oil prices, were at 58.27 dollars at 0131 GMT, up 39 cents, or 0.7 per cent from...- ProfRem
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Business Global Oil Price Rises To $57.8 Per Barrel
Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq. An explosion at a U.S. oil rig and reduced exploration activity also supported prices hike. Brent crude futures, the international benchmark for oil prices, were at 57.85...- ProfRem
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Business Crude Oil Price Hits $57 Per Barrel
Oil prices rose on Wednesday in spite of a rise in US crude inventories with the market heading for its largest 3rd quarter gain in 13 years after the Iraqi oil minister said OPEC and its partners were considering extending or deepening output cuts. Brent crude futures rose to 56.20 dollars a...- ProfRem
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Business Crude Oil Price Rises to $56
Crude oil prices regained ground after the Saudi oil minister discussed the possible extension of a pact to cut global oil supplies beyond March 2018 with his Venezuelan and Kazakh counterparts. U.S. crude was trading 36 cents firmer at 47.84 dollars a barrel, while Brent rose 22 cents to 56.00...- ProfRem
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Business Oil Edges Above $49, Threatens 2017 Budget Benchmark
Oil edged up to about $49 a barrel on Monday after fewer drilling rigs were added in the United States last week, helping ease concerns that surging shale supplies will undermine OPEC-led production cuts. A sharp drop in U.S. crude inventories in the week to July 7 supported prices last week...- ProfRem
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World Crude Oil Prices Rise As Exporters Cut Ties With Qatar
Oil prices rose more than 1 per cent early on Monday, pushed up by tensions in the Middle East where top crude exporters are cutting ties with Qatar. Saudi Arabia, United Arab Emirates, Egypt and Bahrain have cut ties with top Liquefied Natural Gas and condensate exporter, Qatar accusing the...- ProfRem
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Politics What Happens When We Run Out of Oil? - Ben Bruce Asks
The common sense Senator, Ben Bruce representing Bayelsa east senatorial district has said that the structure of Nigeria is conducive for wealth sharing but not wealth creation. The Bayelsa senator made this known in a new video posted on his twitter account on Monday. He said with a video...- ProfRem
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Business Crude Oil Prices Increase Ahead Of OPEC Meeting
Oil prices rose on Monday, supported by reports that an OPEC-led supply cut may not only be extended into next year but might also be deepened to tighten the market and prop up prices. Brent crude futures were up 32 cents, or 0.6 percent, from their last close at $53.93 per barrel at 0145 GMT...- ProfRem
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Business Crude Oil Prices At $52 Per Barrel, Above Buhari's 2017 Budget Benchmark
Crude Oil prices extended gains on Tuesday after top producers Saudi Arabia, Russia and Kuwait supported prolonging supply cuts until the end of March 2018 in an effort to drain a global glut. Brent crude oil, which Nigeria trade on, was up 20 cents at $52.02 a barrel by 1010 GMT (6.10 a.m...- ProfRem
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Business Crude Oil Price Jumps to $56, Highest In A Month
Oil price surged more than 2 percent to a one-month high on Friday after the United States launched dozens of cruise missiles at an airbase in Syria, with prices later dropping back as there seemed no immediate threat to supplies. After tepid trading before the attack, Brent crude futures LCOc1...- ProfRem
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