Oil price

Petrol sells above N500/litre in Nigeria as crude rallies to $116/bl

BY: CHARLES ABUEDE The continued fuel scarcity in some states in Nigeria is creating more problems for Nigerians with businesses…

By businessamlive
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Oil prices rise $1/bbl on virus vaccine hopes, EU stimulus deal

Outlook for oil demand looked positive on Tuesday, causing oil prices to rise about $1 a barrel on Tuesday, hitting…

Oil prices fall as COVID-19 infections rise

Oil prices, on Monday, fell as coronavirus cases increase in many countries of the world. However, investors remained cautiously optimistic…

N’Assembly raises 2020 budget oil price benchmark to $28

The National Assembly yesterday increased the oil price benchmark to $28 per barrel from the $25 proposed by the executive…

Oil price crash: SEC boss calls for emergency measures

Acting Director-General of the Securities and Exchange Commission, SEC, Ms. Mary Uduk, yesterday, has called for emergency measures to insulate…

More revenue worries for Nigeria as oil price crashes to $33, loses $11 in hours 

The international oil benchmark, Brent crude, which stood at $45.72 per barrel on Sunday, has slumped to $33 per barrel.…

Global oil demand growth is evaporating

The coronavirus epidemic in China has triggered restrictions in the country’s public transport and air travel, both at a domestic…

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