Crude oil prices rose by a further two per cent yesterday, pushing Brent above $70 a barrel, as rhetoric from the U.S., Iran and Iraq fanned tensions in the Middle East after the U.S. airstrike that killed Iranian military general…
Nigeria makes first crude oil sale to United States in six months (Guardian)
A cargo of Nigeria’s distillate-rich Bonga crude is due to move to the United States (U.S.) from the May loading programme, traders have disclosed, after a near six-month hiatus. According to U.S. Customs data, the last cargo of Bonga arrived…
‘Oil price plunge may accelerate inflation in Nigeria’ (New Telegraph)
Already contending with the possible risk of price rises due to an increase in spending ahead of February’s presidential election, Nigeria may face higher inflationary pressures due to the recent drop in the price of crude oil, analysts have said.…
Crude oil price slumps to one-year low (ThisDay)
Crude oil slide accelerated yesterday, with US futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply. US futures closed down 7.1 per cent, for a record 12th straight…
Implications of continued slide in oil price – FSDH Research (Vanguard)
With concerns over a five-week long steady decline in crude oil price, economists at FSDH Merchant Bank Limited, yesterday posted what may be the likely impact on Nigeria’s economy in the short-to-medium term perspective. According to data obtained from the…
