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Energy Information Administration
Oil prices eased on Thursday after OPEC and allies, such as Russia, agreed to taper record supply curbs from August, though the drop was cushioned by hopes for a swift U.S. demand pick-up after a big drawdown from the country’s crude stocks.
Oil prices advanced on Thursday as a drawdown of the U.S. crude inventories and output cuts by major producers helped ease concerns about a supply glut, though lingering fears over the global economic fallout from the COVID-19 pandemic capped gains.
Oil prices fell on Wednesday as potential OPEC+ plans to deepen supply cuts were overshadowed by demand concerns exacerbated by a possible second wave of coronavirus infections as countries ease lockdowns.
World stocks gained on Tuesday after Chinese trade data came in better than expected and some countries tried to restart their economy by partly lifting restrictions aimed at containing the coronavirus outbreak.
Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose and President Donald Trump signed into law a bill backing protesters in Hong Kong, fueling tensions with China.
Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from an OPEC official about lower-than-expected U.S. shale production growth in 2020 also provided some support.
Oil prices rose on Wednesday, tracking gains in equities, as investors pinned hopes on a potential Brexit deal between Britain and the European Union and on signals from OPEC and its allies that further supply curbs could be possible.
Oil prices fell on Thursday on concerns of lower fuel demand as talks this week between the United States and China, are not expected to help end the trade war between them.
Oil prices slipped for a third consecutive session on Wednesday as tensions escalated between the United States and China prior to this week’s trade talks, raising uncertainties for global economic growth and oil demand.
Oil prices eased on Tuesday as weak manufacturing data from Europe and Japan focused market attention on the gloomy outlook for demand and away from uncertainty around supply disruptions in Saudi Arabia.
Oil prices edged higher in Asian trade on Thursday after days of turbulence, with markets soothed by Saudi Arabia’s pledge to restore full production by end-September at facilities knocked out in drone and missile attacks last weekend.
Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted tensions in the region.
Oil prices fell on Thursday to erase some of the previous session’s strong gains, as traders wait for the G20 summit in Japan and for a meeting of OPEC and other crude producers to decide on an extension of output cuts.
Leaders of the All Progressives Congress (APC) in Ondo State Sunday resolved to bury their hatchets and they endorsed the second term ambition of Governor Rotimi Akeredolu.
Godfrey Oboabona put in a good shift in Dinamo Batumi’s 4-0 triumph over FC Chikhura by accounting for an assist.
A former Minister of Petroleum Resources, Diezani Alison-Madueke, says societal values have disintegrated to the extent that online fraudsters otherwise known as ‘Yahoo boys’ have become role models in Nigerian society.
Atlético Madrid have confirmed that two member of their group have tested positive for coronavirus.
Alhaji Hassan Mijinyawa, the Chief Press Secretary to Taraba Governor Darius Ishaku has been sacked.
Nigeria’s President Muhammadu Buhari is planning to overhaul the nation’s security architecture, National Security Adviser (NSA), Major General Babagana Monguno (Rtd.) disclosed this on Tuesday.
Russian Deputy Health Minister, Oleg Grinev, says a state laboratory vaccine for the novel coronavirus is undergoing final testing phase, expected to be registered next week.
This was announced by the Lagos Commissioner for Finance, Dr. Rabiu Olowo, at a press briefing on Wednesday.
Thiago Silva’s eight years as a Paris Saint-Germain player are about to come to an end and the Brazilian centre-back has one piece of unfinished business to contend with as the Qatar-owned club head to Lisbon targeting Champions League glory.
Chairman of the Edo State Peoples Democratic Party (PDP) Campaign Council for the 2020 governorship poll, Chief Dan Orbih, has insisted that everything that the former National Chairman of the All Progressives Congress (APC), Comrade Adams Oshiomhole, said about the APC candidate, Pastor Osagie Ize-Iyamu, in 2016 was correct and should inform their decision in the coming election.