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Tag: oil price

Energy

Oil supply to swamp demand in 2019 despite output cuts – IEA

February 13, 2019 - by News Agency Of Nigeria - Leave a Comment

The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC even with the group’s production cuts and U.S. sanctions on Venezuela and Iran, the International Energy Agency said in a report on Wednesday.

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Energy

Oil prices fall as U.S. rig count rise, trade concerns

February 11, 2019 - by News Agency Of Nigeria - Leave a Comment

Oil prices fell by around 1 per cent on Monday as drilling activity in the United States, the world’s largest oil producer, picked up and financial markets were pulled down by trade concerns.

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Energy

Oil price falls below $62 on U.S. inventories, fading Venezuela concerns

February 6, 2019 - by News Agency Of Nigeria - Leave a Comment

Oil fell below 62 dollars a barrel on Wednesday after a report showed a rise in U.S. crude inventories, while concerns about the impact on global supplies of U.S. sanctions on Venezuela faded.

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Energy

Oil prices edge up as market eyes tighter supply

February 5, 2019 - by News Agency Of Nigeria - Leave a Comment

Oil prices edged up on Tuesday buoyed by expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC.

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Energy

Oil prices slip as U.S. crude output nears 12 million bpd

January 17, 2019 - by News Agency Of Nigeria

Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge.

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Energy

Oil price falls on China trade slump, but crude imports remain high

January 14, 2019 - by News Agency Of Nigeria

Oil prices fell by almost 1 per cent on Monday, with Brent crude slipping below $60 per barrel.

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Energy

Oil Price: OPEC waiting for Russia before deciding how much oil to cut

December 6, 2018 - by News Agency Of Nigeria

OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, delegates said on Thursday as the group gathered in Vienna for a meeting aimed at supporting battered oil prices.

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Energy

Oil price falls amid stock market slide

December 6, 2018 - by News Agency Of Nigeria

Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by the Organisation of the Petroleum Exporting Countries (OPEC).

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Energy / World

Oil slips to about $60 on U.S. inventories – OPEC

November 28, 2018 - by News Agency Of Nigeria

Oil slipped to about 60 dollars a barrel on Wednesday, pressured by rising U.S. inventories and doubts over whether an OPEC-led output cut will be agreed next week.

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Economy / Nigeria

We will not lose focus on economic diversification despite oil price increase – FG

October 23, 2018 - by News Agency Of Nigeria

The Minister of  Finance, Mrs Zainab Ahmed says the Federal Government will not lose focus on diversifying the economy from  oil to other sustainable sectors like agriculture.

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