Crude oil retreated on yesterday afternoon as U.S. President Joe Biden prepared yet another round of sanctions on Russia in order to punish Russia for its earlier attack on Ukraine. In a White House presser, President Joe Biden recapped existing…
Oil prices dropped on Friday after major positive records during the week. The situation was influenced by prospect of extra supply from Iran returning to the market which outweighed fears of a possible Russian invasion of Ukraine, that could disrupt supply.…
The International Monetary Fund (IMF) said Nigerian economy is recovering from a historic downturn benefitting from government policy support, rising oil prices, and international financial assistance, said. As a result of the recent economic developments in the country, the global financial institution…
Oil prices fell on Thursday as the U.S. dollar strengthened following signs that the Federal Reserve will tighten monetary policy soon in the world’s biggest oil user. Futures pulled back amid a broader decline in financial markets after the Fed…
Oil prices climbed on Tuesday after two days of losses, with some risk appetite returning as the market awaited clues from the U. S Federal Reserve chairman on potential rate rises and as some oil producers continued to struggle to…
Oil prices rose on Tuesday as investors expected the Organisation of Petroleum Exporting Countries, OPEC+ producers meeting on output to stick with their planned increase for February based on indications Omicron would have only a mild impact on demand. Brent…
By Uthman Salami A poll conducted by Reuters has indicated that oil prices will experience a gradual upward change this year as Crude oil price closed in on the $72 mark a barrel on demand optimism. The American Western Texas…
By Uthman Salami A poll conducted by Reuters on Tuesday has indicated that oil prices will experience a gradual upward change this year. This projection was hinged on three major variables namely; economies recovery as well as positive light from…
Oil prices rose by 1 percent early on Monday, driven by expectations that recovering demand with summer travel and reopening economies will easily accommodate the gradual increase in OPEC+ production. High oil prices are caused by high demand, low supply, OPEC quotas,…
Oil prices rose more than one per cent, on Wednesday, as investors sought bargains following the previous day’s slump. But the recovery was stunted by fears of a slow recovery in demand due to new pandemic lockdowns in Europe and…
