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OPEC+ agrees to cut oil production by 2 million barrels/d, the...

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WED, 05 OCT, 2022-theGBJournal| OPEC+ in Vienna today announced a cut in oil production of 2 million barrels a day, the deepest since the...

Quick Take| Oil market likely to experience more volatility

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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...

Quick Take| Brent crude likely to stay well above the $60.00/bbl...

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MON, 09 MAY, 2022-theGBJournal | Last week, the price of Brent rose by 2.79%, its second consecutive weekly gain, to close at US$112.39/bbl, its...

Analysis| Nigeria’s budget, does it benefit from high oil prices?

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… Renaissance Capital and RenCap’s oil & gas team takes a closer look at Nigeria’s upstream and downstream sectors, the effect of high oil...

Brent crude hits 2 year high as OPEC+ ministers abandon output...

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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

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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...

Oil prices hit 5-month low as production cut disputes linger

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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...

Oil prices rise as WHO declares emergency

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Oil prices rose on Friday but were still set for a fourth consecutive weekly loss, as markets attempted to assess the economic damage of...

Oil prices jump after U.S. air strike kills top Iranian commander

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Oil prices jumped to the highest level in more than three months on Friday after the U.S. killed a top Iranian military commander in...

Oil starts 2020 higher on trade optimism, Mideast tensions

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Oil prices rose to begin the new year on Thursday buoyed by signs of improving trade relations between the United States and China which...