Posts tagged as: Oil Prices

Oil Prices Slide Amid Concerns Over China’s Economy

  LAGOS AUGUST 14TH (NEWSRANGERS)-Oil prices eased on Monday as concerns about China’s faltering economic recovery and a stronger dollar weighed against seven weeks of gains on tightening supply from OPEC+ output cuts. Reuters report that Brent crude futures fell 73 cents, or 0.84%, to $86.08 a barrel by 0330 GMT while U.S. West Texas […]

Aug 14 2023 | Posted in National Space Research and Development Agency | Read More »

Oil Prices Surge Again To Highest Level, Sparking Fears Of Inflation Reboot

LAGOS AUGUST 7TH (NEWSRANGERS)-Oil prices surged on Monday to the highest level in months after Saudi Arabia extended production cuts for another month, threatening to keep inflation in the U.S. abnormally high. West Texas Intermediate crude, the U.S. benchmark, hovered around $82 a barrel during afternoon trading, the highest level since mid-April, when prices rose […]

Aug 7 2023 | Posted in State | Read More »

Oil Prices Fall, Extending Last Week’s Slide

LAGOS MARCH 14TH (NEWSRANGERS)-Oil prices extended last week’s decline to fall by about $4 a barrel during early trade on Monday after a U.S. official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine. Brent crude futures was last down by $4.12 or 3.6% at $108.55 a barrel at […]

Mar 14 2022 | Posted in Business,National | Read More »

Oil Prices Slump As UAE Supports Supply Boost

LAGOS MARCH 10TH (NEWSRANGERS)-Oil prices have plunged after the United Arab Emirates said it supported increasing production.  Brent crude, an international benchmark, fell more than 17% at one point after the statement by the UAE, a member of the powerful oil cartel Opec.  The fall follows weeks of skyrocketing oil prices due to supply disruptions […]

Mar 10 2022 | Posted in Business,International,National | Read More »

Oil Prices Jumps Above  $105 Per Barrel After Russia Attacks Ukraine

LAGOS FEBRUARY 24TH (NEWSRANGERS)-Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia’s attack on Ukraine exacerbated concerns about disruptions to global energy supply. Russia launched an all-out invasion of Ukraine by land, air and sea in the biggest attack by one state against another […]

Feb 24 2022 | Posted in Business,International,National | Read More »

Oil Prices Rise Amidst Crumbling US Dollar

LAGOS  SEPTEMBER 2ND (NEWSRANGERS)-Oil prices recovered on Tuesday, erasing overnight losses, as investors moved into risk assets and away from the safe-haven U.S. dollar, which tumbled to multi-year lows. Brent crude futures climbed 49 cents or 1.1% to $45.77 a barrel at 0406 GMT while the U.S. West Texas Intermediate (WTI) crude futures rose 37 […]

Sep 2 2020 | Posted in Business,National | Read More »

Impact Of Covid19 And Falling Oil Prices On Nigeria’s Economy

In an interview, Austin Avuru, CEO, Seplat Petroleum Development Company, speaks on the impact of Covid-19 and falling oil prices on Nigeria’s economy. How is Nigeria’s oil and gas industry faring in the face of the current pandemic? AUSTIN AVURU : The combination of the current pandemic and the rapid decline in demand for crude oil […]

Jun 10 2020 | Posted in Business,Health,Interview | Read More »

Trump Batles OPEC Over Rising Oil Prices

LAGOS JUNE 14TH (NEWSRANGERS)-US President Donald Trump on Wednesday accused the Organisation of Petroleum Exporting Countries(OPEC) of driving up oil prices, in a fresh swipe at the cartel’s agreement to cap production. “Oil prices are too high, OPEC is at it again. Not good!” he wrote on Twitter. Oil prices peaked in late May, hitting […]

Jun 14 2018 | Posted in Business,State | Read More »

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