Tag: Oil prices
OPEC+ agrees to cut oil production by 2 million barrels/d, the...
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
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...
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?
… 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...
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...
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...
Oil prices rise as WHO declares emergency
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
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
Oil prices rose to begin the new year on Thursday buoyed by signs of improving trade relations between the United States and China which...