By Uthman Salami The Organization of Petroleum Exporting Countries, OPEC+ is working to keep prices around $70 per barrel. Oil Prices have been uptick in the last few days, but Iraq’s oil minister, Ihsan Abdul Jabbar Ismail as confirmed latest measures. The…
Oil prices slowed yesterday, but it, however, kept most of the previous day’s gains after a larger-than-expected drawdown in crude oil stocks in the United States, the world’s largest oil consumer. Brent crude oil fell 13 cents, or 0.2 per…
Since global oil prices began to suffer from the latter end of 2015, the impacts on the Nigerian economy (which almost has all its eggs in one basket) have seen conditions of its profile enmeshed in the mire of colossal…
Oil prices climbed on Monday to a one-week high in a second straight session of gains as concerns over U.S. supplies following damage from Hurricane Ida supported the market, along with expectations for higher demand. Brent crude rose 48 cents,…
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…
