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Energy Information Administration
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.
Oil prices dropped on Thursday, extending falls from the previous session amid surging U.S. crude inventories as low refinery runs and ongoing trade tensions weighed on the demand outlook.
Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles.
Oil prices reached their highest so far for 2019 on Thursday as global markets tightened amid supply cuts led by producer club OPEC and U.S. government sanctions against Iran and Venezuela.
Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC.
Oil prices rose on Wednesday after a report of declining U.S. crude inventories and as producer club OPEC seemed to stick to its supply cuts despite pressure from U.S. President Donald Trump.
Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East-dominated producer club OPEC to withhold supply and tighten global markets.
Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were prevented from rising further by slowing growth in the global economy.
Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington’s sanctions on Iran and Venezuela.
Oil prices fell on Thursday after US crude inventories rose and the country’s production held at record levels, but OPEC-led supply cuts and Washington’s sanctions against Venezuela supported markets.
Oil prices rose for a third day on Thursday pushed up by lower imports into the United States amid OPEC efforts to tighten the market as well as Venezuela struggles to keep up its crude exports after Washington imposed sanctions on the nation.
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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Brazil’s federal police on Friday raided the headquarters of Latin America’s largest independent investment bank, Banco BTG Pactual SA, and the addresses of its founder Andre Esteves, federal prosecutors said in a statement.
The Joint National Public Service Negotiating Council (JNPSNC), and representatives of the Federal Government will reconvene on Sept. 4 to continue negotiations on the new national minimum wage.
The Ministry of Foreign Affairs has dismissed a video that has gone viral on social media showing the Minister of Foreign Affairs, Geoffrey Onyeama, being chased out of a meeting in Vienna, Austria.
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Premier League clubs could be placed in a Champions League ‘group of death’ when the draws for the group stages are conducted on August 29, the UK Mirror reports.
The National Identity Management Commission (NIMC) says only 79 Nigerians had been enrolled for the National Identity Number (NIN) in the United States as at Friday.
The President of the Christian Association of Nigeria (CAN), Samson Ayokunle, and the Catholic Archbishop of Abuja, John Cardinal Onaiyekan, have emerged Honorary Presidents of the Council of Religions for Peace (RfP).