Browsing: oIL

Oil Prices Rebound on U.S, China Demand Expectations Oil prices edged higher on Thursday on a positive demand outlook in…

The global commodities market saw a decline in oil prices as the US dollar rose above its two-year high following the Fed’s rate cut.  Brent declined around $72 per barrel while US WTI plunged below $69 per barrel as dollar gain overshadowed 25 basis points Fed funds rates cut.

Oil prices dipped on Tuesday in the global commodity market as demand pressures persist due to weak economic data and the U.S. amidst more sanctions on Russian tankers by the European Union.

Oil Prices Retreat over Demand Uncertainties Oil prices decline amidst expectations of a lower global demand outlook and supply glut…

Oil prices declined in the global commodity market over heightened supply risk concerns as an energy agency forecasted growth in crude supply

Dual-listed Seplat Energy Plc has completed the acquisition of Mobil Producing Nigeria Unlimited from ExxonMobil, according to a regulatory filing posted on the Nigerian Exchange (NGX).

Oil prices jumped in the global commodities market on Thursday following another sanction slammed on Russia by the European Union (EU).

The Organisation of Petroleum Exporting Countries (OPEC) crude oil production increased by 0.5%, 104,000 barrels per day (bpd), in November to average 26.66 million bpd, according to OPEC’s monthly oil market report released on Wednesday.

Crude Oil Prices Rise over Positive Demand Expectations Oil prices jumped higher on Wednesday in the global commodity market due…

Prices of crude oil edged higher across various grades in the global commodities market amidst buckets of uncertainties. Tensions in the Middle East persisted while weak economic data in China, and U.S suggest demand level would be put in check.