Tag: Oil

Nigeria's crude oil output fell 1.9% month on month to 1.517 million barrels per day in March 2023, from 1.547 million barrels per day in February 2023. According to the ...

The oil market gained more than 1% on Friday, marking the second week in a row of gains, as supplies tightened in some parts of the world and US inflation ...

Oil prices fell more than 2% in volatile trading on Monday, as bank failures in the United States fueled fears of a new financial crisis. Brent crude futures fell $2.01, ...

In February, Nigeria's crude oil output increased to 1.3 million barrels per day, the highest level in 13 months. This was revealed by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) ...

On Friday, oil prices fell to more than three-week lows. This came after strong US job data raised concerns about rising interest rates, even as investors sought more information about ...

Oil fell 2% on Monday, weighed down by expected interest rate hikes by major central banks, which weighed on demand. Brent futures fell $1.76, or 2.03%, to settle at $84.90 ...

After China, the second-largest economy in the world, reopened its borders for the first time since 2020, oil prices increased by more than 1% on Monday. For the first time ...

Crude oil continued its year-long slide, falling as much as 5% on Wednesday, weighed down by demand concerns stemming from the state of the global economy and rising COVID cases ...

Oil prices fell more than 4% in the year's first trade, weighed down by weak Chinese demand data, a bleak economic outlook, and a stronger US dollar. Brent futures fell ...

The International Monetary Fund (IMF) has urged oil exporters in Sub-Saharan Africa, including Nigeria, to aim for buffers of 5 to 10% of GDP to manage large oil price swings. ...