Tag: Brent crude
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...
OPEC cuts world oil demand forecast following ‘’lower-than-expected actual data’’
THUR 14 OCT, 2021-theGBJournal- OPEC said ‘’the downward revision is mainly driven by lower-than-expected actual data for the first three quarters of this year,...
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...
FX WATCH: Foreign exchange reserves fall to lowest level since November...
SAT 12 JUNE, 2021-theGBJournal- Nigeria’s foreign exchange reserves sustained its decline, dipping USD122.75 million w/w to USD34.05 billion (9th June 2021) – the lowest...
OPEC and allies agree to extend gradual production increase, oil price...
By Audrey Lotechukwu
TUE 01 JUNE, 2021-theGBJournal- OPEC and non-OPEC members Tuesday agreed to extend ‘’the very generous compensation period for overproduced volumes’’ until the...
Oil prices hit 5-month low as production cut disputes linger
SAT, 31 OCT, 2020-theGBJournal-As national COVID-19 lockdowns is renewed in some European countries and U.S. case count for covid-19 remained at record levels, oil...
FG plans further downward review of petrol price
TUE, APRIL 21 2020-theG&BJournal- There are indications that the Federal Government plans another downward review of the petrol prices given the increasing impact of...
