Oil Price

Oil Price Drops to Seven-month Low on China Lockdown, Recession Fears

It came 48 hours after OPEC and its allies cut their October supplies to the global economy by 100,000 barrels…

2 years ago

Oil Price Surge: As NNPC Falters, Saudi Aramco’s Q1 Profit Jumps 82% to $40bn

As the Nigerian National Petroleum Company Limited (NNPC) continues to default in its contribution to the federation account, Saudi Aramco,…

3 years ago

With 50% Increase, Oil Price Records Biggest Annual Gain Since 2009

Oil prices fell at the weekend but still posted the biggest annual gains since 2009, spurred by the global economic…

3 years ago

Oil Price Continues Bullish Run, Now $83 as OPEC Delays Nigeria’s Request for New Baseline

Oil prices continued to climb on Tuesday, hitting their highest levels in years and extending gains. Apparently, the rally was…

3 years ago

Oil Price Nears Three-year High, Trades at $78

A bit of good news came in for the Dollar-strapped Nigerian economy on Friday with the price of Brent crude…

3 years ago

NNPC Fixes Base Oil Price at $57 for 2022 and $61 for 2023

The Nigerian National Petroleum Corporation (NNPC) on Wednesday projected a medium term base crude oil price scenario of $57 to…

3 years ago

Oil Price Exceeds $73 on Improving Demand Outlook

The international price of crude oil continued its rise Monday, extending three weeks of gains on the back of improving…

3 years ago

Nigeria’s State-owned Oil Company Predicts $200 Oil Price

The Nigerian National Petroleum Corporation (NNPC) on Wednesday predicted that oil price could climb as high as $200 per barrel,…

3 years ago

Oil Price Surges Past $70 for First Time Since Pandemic after Attack on Saudi Facilities

Brent crude futures surged above $70 a barrel on Monday for the first time since the Covid-19 pandemic began, while…

4 years ago

Oil Price Rebounds to $66 Ahead of OPEC Meeting

Oil price rose from its biggest slump since November 2020, ahead of a key meeting of the Organisation of Petroleum…

4 years ago

Analysts Foresee Faster Economic Recovery for Nigeria as Oil Price Hits $60

Analysts on Monday predicted a faster economic recovery for Nigeria as crude oil prices, at $60 per barrel, hit a…

4 years ago