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Oil prices nudge up on Chinese economic data

Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gains were capped by overall figures showing the country’s slowest quarterly economic growth in decades.

Oil falls to $53 on economic worries, surging supply

Oil fell towards $53 a barrel on Wednesday, under pressure from rising output in major OPEC and non-OPEC producers and due to concerns about an economic slowdown that could weaken demand.

Oil markets kick off new year with losses on signs of economic slowdown

Oil markets dropped by around one per cent in 2019’s first trading on Wednesday, pulled down by surging US output and concerns about an economic slowdown in 2019 as factory activity in China, the world’s biggest oil importer, contracted.

Oil prices slip toward 18-month lows

Oil prices fell on Friday ahead of the New Year holiday as global crude benchmarks moved back toward their lowest levels in more than a year.

Oil rises to $61 on Libyan supply cut

The American Petroleum Institute (API) said on Tuesday that U.S. crude inventories dropped by 10.2 million barrels last week, more than analysts had forecast. Official inventory figures are due later on Wednesday.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC waiting for Russia before deciding how much oil to cut

The Organisation of the Petroleum Exporting Countries has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, delegates said on Thursday as the group gathered in Vienna for a meeting aimed at supporting battered oil prices.

Oil falls amid market slide ahead of OPEC meeting

Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by the Organisation of the Petroleum Exporting Countries (OPEC).

Oil falls, heading for biggest monthly slide since 2008

Oil fell on Thursday bringing losses for the month so far to 23 per cent, marking its largest one-month fall since the depths of the financial crisis in 2008.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC: Return to oil production cuts likely in 2019

A return to oil production cuts by Organisation of Petroleum Exporting Countries (OPEC) and its allies in 2019 cannot be ruled out, a senior OPEC source said on Wednesday to avert a possible supply glut that could weigh on prices.

Oil price rises to $73 a barrel

Oil rebounded to $73 a barrel on Wednesday after falling to its lowest since August, supported by a report that Russia and Saudi Arabia are discussing oil output cuts in 2019.

Brent oil rises back above $80 as Iran sanctions loom

Brent crude oil prices rose back above $80 a barrel on Monday as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month.

Oil rises above $79 per barrel on Norway strike, Libyan disruption

Oil prices rose by more than $1 dollar per barrel on Tuesday due to growing global supply outages, with Norway shutting down one oilfield as hundreds of workers began a strike and Libya saying its production more than halved in recent months.
Donald Trump took the call while on board Air Force One

Donald Trump lashes out at Saudi Arabia, urges increased oil supply

President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on U.S. ally, Saudi Arabia, to raise supplies to compensate for lower exports from Iran.
Saudi Arabia Oil Economy

Oil prices fall as Saudi, Russian output rises

Oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid an escalating trade dispute with the U.S.

Oil prices rise as OPEC meets

Oil prices rose more than 1 percent on Friday as OPEC struggled to agree a deal to increase output to compensate for losses in production at a time of rising global demand.

Oil prices hit $80, highest since November 2014

Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S. sanctions and reduce supply in an already tightening market.

Recent Stories

Supreme Court of Nigeria

Supreme Court dismisses suit challenging Borno governor’s nomination

The Supreme Court on Thursday dismissed a suit filed by Idris Mamman-Gatumbwa challenging the nomination of Governor Babagana Zulum by the All Progressives Congress (APC) as its governorship candidate for the 2019 general elections.

Federal government raises alarm over new cassava brown streak disease

The Federal Government has raised an alarm over a recent virile disease, Cassava Brown Streak Disease (CBSD), ravaging East and Central Africa now making its way to West Africa.

Cleric seeks end to 40 years marriage over sex denial after eight children

An Islamic cleric Ganiyu Salami, on Thursday approached an Igando Customary Court, Lagos, to end his 40 years marriage to Halimatu, for allegedly denying him sex and threatening his life.
Justice Darius Khobo of Kaduna State High Court, on Thursday, adjourned hearing in the application for permission to travel to India for medical attention filed by Ibrahim El-Zakzaky and his wife, Zinat, to July 29.

IMN kicks as court adjourns Ibraheem El-Zakzaky’s bail hearing

Justice Darius Khobo of Kaduna State High Court, on Thursday, adjourned hearing in the application for permission to travel to India for medical attention filed by Ibrahim El-Zakzaky and his wife, Zinat, to July 29.

CSOs give Governor Ayade 60 days to conduct council polls

A coalition of Civil Societies Organisations (CSOs) in Cross River, have given Governor Ben Ayade 60 days to conduct local government election in the state.