Tag: Oil prices
Oil prices surge nearly 4% as Israel strikes back at Iran
FRI APRIL 19 2024-theGBJournal| Global oil prices surged nearly 4% before settling to sit at $88 a barrel after Israel carried out what is...
Brent crude nears $90 as U.S hit Russian companies with sanctions
...Brent crude futures traded nearly 4% higher at $89.4 per barrel after Thursday's sanction by the U.S on two shipping companies
FRI, OCT 13 2023-theGBJournal|...
Analysis| Why Investors need to keep an eye on oil prices
TUE, MAY. 09 2023-theGBJournal|The last time Nigeria’s financial markets went through sustained turmoil was from the beginning of the fourth quarter of 2014 through...
Oil prices rise after denial of imminent OPEC split
SAT. 04 MARCH 2023-theGBJournal | Oil prices recovered quickly Friday after it dropped dramatically by $2 per barrel on rumours that the United Arab Emirates (UAE)...
OPEC+ agrees to cut oil production by 2 million barrels/d, the...
WED, 05 OCT, 2022-theGBJournal| OPEC+ in Vienna today announced a cut in oil production of 2 million barrels a day, the deepest since the...
Quick Take| Oil market likely to experience more volatility
TUE, 16 AUG, 2022-theGBJournal| Last week, the price of Brent rebounded, gaining 3.40% w/w to settle at US$98.15/bbl. As a result, Brent is up...
Quick Take| Brent crude likely to stay well above the $60.00/bbl...
MON, 09 MAY, 2022-theGBJournal | Last week, the price of Brent rose by 2.79%, its second consecutive weekly gain, to close at US$112.39/bbl, its...
Analysis| Nigeria’s budget, does it benefit from high oil prices?
… Renaissance Capital and RenCap’s oil & gas team takes a closer look at Nigeria’s upstream and downstream sectors, the effect of high oil...
Brent crude hits 2 year high as OPEC+ ministers abandon output...
By Audrey Lotechukwu
TUE 06 JULY, 2021-theGBJournal- OPEC ministers on Monday abandoned talks on production levels with no clear cut date set for next meeting.
OPEC...
Oil prices drop as OPEC+ prepares to boost production
By Azuka Christopher in London
TUE 22 JUNE, 2021-theGBJournal- Oil prices Tuesday were slightly down on news that OPEC+ might start increasing production. Reports that...
