Oil Market Grows on Positive Inflation Signal, Supply Factor
The oil market gained more than 1% on Friday, marking the second week in a row of gains, as supplies ...
Friday, November 15, 2024
Tag: Oil
Oil Prices Shed 2% Amid Financial Crisis Fears
Oil prices fell more than 2% in volatile trading on Monday, as bank failures in the United States fueled fears ...
Nigeria produced an average of 1.3 million barrels per day of crude oil in February 2023
In February, Nigeria's crude oil output increased to 1.3 million barrels per day, the highest level in 13 months. This ...
Crude oil lost 790 basis points in one week; here’s what it means for Nigeria
On Friday, oil prices fell to more than three-week lows. This came after strong US job data raised concerns about ...
Oil Sheds 2% Amid Continued Interest Rate Hikes
Oil fell 2% on Monday, weighed down by expected interest rate hikes by major central banks, which weighed on demand. ...
Oil Prices Rise 1% as China Reopens Borders
After China, the second-largest economy in the world, reopened its borders for the first time since 2020, oil prices increased ...
Crude Oil Slides Further on China’s COVID, Global Economy Worries
Crude oil continued its year-long slide, falling as much as 5% on Wednesday, weighed down by demand concerns stemming from ...
Bleak Economic Outlook Plunges Oil Prices Down 4%
Oil prices fell more than 4% in the year's first trade, weighed down by weak Chinese demand data, a bleak ...
IMF Tasks Nigeria, Others to Save Against Oil Price Swings
The International Monetary Fund (IMF) has urged oil exporters in Sub-Saharan Africa, including Nigeria, to aim for buffers of 5 ...
Crude oil prices rise as optimism outweighs Chinese COVID concerns
On Monday, the crude oil market rose as optimism about China relaxing its COVID-19 restrictions outweighed concerns about a global ...
