Economy Demand Depresses Crude Prices Despite Inventories Draw October 16, 2020 Adedapo Adesanya By Adedapo Adesanya The oil market witnessed a drop in the major benchmark prices despite the Energy Information Administration (EIA) reporting an inventory drop Read More
Economy Crude Slides as OPEC Production Rises in September October 2, 2020 Adedapo Adesanya By Adedapo Adesanya The major crude benchmarks took a nosedive of more than 3 per cent at the international oil market on Thursday as Read More
Economy Nigeria Braces for Impact of Long Term Low Crude Prices—FG October 1, 2020 Adedapo Adesanya By Adedapo Adesanya The federal government has started to brace up for the impact of lower crude oil prices for a long time due Read More
Economy Crude Prices Jump 4% Amid Drop in Inventories September 17, 2020 Adedapo Adesanya By Adedapo Adesanya An unexpected fall in US crude inventories on Wednesday triggered a rise in the prices of major benchmarks by more than Read More
Economy Crude Prices Rebound by 2% After Worst Slide in Two Months September 10, 2020 Adedapo Adesanya By Adedapo Adesanya Wednesday saw major crude oil benchmarks regaining more than two per cent out of losses they recorded in the previous sessions. Read More
Economy Sentiments Crush Crude Prices After Hitting New Five-Month High September 1, 2020 Adedapo Adesanya By Adedapo Adesanya Crude oil prices spiralled downward on Monday, erasing the gains it earlier garnered when the Brent crude topped $46.50 per barrel Read More
Economy Unfavourable IEA Forecast Pulls Down Oil Prices August 14, 2020 Adedapo Adesanya By Adedapo Adesanya Crude prices fell on Thursday as new data showed that world oil demand will fall more steeply in 2020, worsening outlook Read More
Economy Crude Prices Down 1% as Investors Weigh OPEC Decision July 17, 2020 Adedapo Adesanya By Adedapo Adesanya Oil prices fell by one per cent on Thursday, renewing worries as more coronavirus casualties were recorded in the United States, Read More
Economy Crude Prices Rise Despite Build in Inventories July 9, 2020 Adedapo Adesanya By Adedapo Adesanya Oil prices marked gains on Wednesday despite data showing a build in the United States crude stockpiles. The prices had fallen Read More