Browsing: oIL

Oando Soars by 34% after Funding Acquisition of NAOC Oando Plc is on the way to reclaim losses following profit…

Oil Dips as Markets Price in Rate Cut Expectation, Ceasefire Oil dipped in the global commodity market on Friday as…

Dangote: Domestic Refining will Address Fuel Scarcity, Queue –NBA The Nigerian Bar Association (NBA) has called for the full implementation…

Oil Prices Fall as Hope of Ceasefire in Middle East Increases Trading below $80 per barrel apiece on Tuesday, prices…

Oil Prices Fall as Geopolitical Risks Hangovers Persist In the global commodity market, prices of crude oil slid as geopolitical…

Oil Prices Increase as Libya Oil Field Halts Production Oil prices increased in the global commodity market early on Wednesday…

Oil prices dipped over a weak demand outlook as China’s, the world’s second-largest crude consumer, industrial production slowed down. The bearish trade was also supported by a strong US dollar which kept energy costs elevated amidst a hawkish tone from the Federal Reserve.

Oil Dips Below $80 Despite OPEC+ Supply Cut Extension

Oando Plc, an energy solution provider, has posted a turnover of N3.4 trillion in its 2023 full year-end unaudited financials. The figure represents an increase of 71 per cent when compared to N1.9 trillion posted in 2022.

Despite a significant reduction in US stockpiles, as indicated by the Energy Information Administration’s (EIA) most recent report, crude oil prices continued to fall on Friday.