oil news
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Business Why higher oil prices cripple the economy – Vanguard Nigeria Newspaper
THE crash in the Naira exchange rate from N199=$1 in Dec. 2015 to almost … Read more via Vanguard Nigeria Newspaper – https://ift.tt/2pxphon Get more: Nigeria Business News- curator
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Business Oil tumbles, weighs on energy shares; bank stocks rise – Reuters News
Oil prices dropped about 5 percent on Monday, putting pressure on energy shares and keeping global stock markets in check, although financial shares rallied after upbeat news from Bank of America and Deutsche Bank. Oil slumped as Libyan ports reopened and traders eyed potential supply …...- curator
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Business Oil-rich Nigeria outstrips India as country with most people in poverty – The Guardian Newspaper
Nigeria, one of Africa’s two wealthiest economies, has overtaken India as home to the world’s greatest concentration of extreme poverty, amid warnings that the continent will host nine out of 10 of the world’s poorest people within 12 years. The claim comes as concerns mount that the growth …...- curator
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Business Reduce prices or expect demand to sink, India warns OPEC – BusinessDay Newspaper
India, the world’s fastest growing crude consumer has a note of warning for OPEC – start reducing prices, or waning demand will mean a curb in purchases from the crude cartel. At least that’s the suggestion from Sanjiv Singh, chairman of Indian Oil … Read more via BusinessDay : News you...- curator
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Business Oil Prices Near Four-Month High At $75pb – Leadership Newspaper
Oil prices held steady on Tuesday as the dollar remained near a four-month high, with crude supported by worries that U.S. President Donald Trump may pull out of the Iran nuclear deal. Read more via Leadership Newspaper – https://ift.tt/2KugInv Get more: Nigeria Business News- curator
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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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