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Oil prices rise amid concerns over global supply

Oil prices increased on Wednesday, as investors' concerns over global supply offset an increase in U.S. crude stockpiles. U.S. commercial crude oil...
Afdb

Nigeria’s slow economy drags West African countries down – AfDB

Although West Africa economy is forecast to improve in the near term, with regional growth projected to average about 3.6 percent in 2019 and...
petroleum revenue

Oil prices climb ahead of OPEC meeting

Oil prices ended higher on Monday as investors were awaiting the upcoming OPEC (Organization of the Petroleum Exporting Countries) meeting. The West Texas Intermediate for...
Oil

Experts anticipates oil prices stability for the next 6-months

The U.S. decision to withdraw from the Iranian nuclear deal "will push oil prices neither upward nor downward" and the prices will stabilize "at...

Oil prices rise amid OPEC monthly report

Oil prices rallied for a third straight session on Wednesday, as the Organization of the Petroleum Exporting Countries (OPEC) said the oil market showed...

Oil prices decline on glut worries

Oil prices declined Tuesday on signs of Libya's output resurgence and concerns over lingering global glut. The West Texas Intermediate for July...

Oil prices hit high after U.S. missile strike in Syria

Oil prices ended higher on Friday after U.S. missile strike on Syrian airbase triggered geopolitical uncertainty in the oil-rich region. Analysts said...

Annual Average Oil Prices Likely to Rise in 2017

In the first two months of 2017 OPEC members have demonstrated an unprecedented level of compliance with the production cuts agreed in late 2016....

Oil prices plunge on rising U.S. stockpile

Oil prices plunged after data showed U.S. stockpile rose for the 9th consecutive week. The West Texas Intermediate for April Delivery...
Oil

Oil prices rise on signs of output reduction

Oil prices rose Tuesday as report showed major global oil producers complied with a deal to ease supply glut last month. The...

Oil prices fall on rising U.S. output

Oil prices fell Tuesday on rising U.S. output and a stronger U.S. dollar. U.S. crude oil production averaged an estimated 8.9 million...
Oil

Oil prices rise despite rising U.S. supply

Oil prices settled higher Wednesday despite increasing U.S. crude supply. The West Texas Intermediate for March Delivery added 1.07 U.S. dollars to...

Oil prices fell on rising U.S. crude inventories

Oil prices fell Wednesday after reports showed increasing U.S. crude inventories, triggering worries for continued global crude over-supply. The West Texas Intermediate...

Oil prices have room to up further

Oil prices are likely to go higher as producing countries have been "successfully" implementing a production reduction deal, Russian Energy Minister Alexander Novak said...

Oil prices rise ahead of output cuts compliance meeting

Oil prices soared Friday as market expects a weekend meeting of world oil producers would introduce an output cut compliance mechanism. The...

Oil prices edge up on tightening market

Oil prices edged up Thursday after the International Energy Agency said oil markets had been tightening even before cuts agreed by global oil producers...

Oil prices decline amid rising U.S. oil rigs

Oil prices ended lower as data showed U.S. oil rigs continued to rise. U.S. oil services firm Baker Hughes reported on Friday...

Oil prices drop on higher U.S. hub supply, interest rates

Oil prices dropped on Wednesday as supplies at the biggest U.S. storage hub rose to a six-month high, and that the Federal Reserve decided...
Oil

Oil prices soar after OPEC deal

Oil prices soared Thursday after the Organization of the Petroleum Exporting Countries (OPEC) clinched an agreement to cut production, first of its kind since...

Plunging oil prices no catastrophe for Russia

Oil prices sinking down to 25 dollars per barrel is not catastrophic for Russia, but it may lead to the devaluation of the...

Oil prices rise amid market optimism

Oil prices increased Friday despite a strong U.S. dollar and rising U.S. rig count, as market becomes optimistic that an oil output cut deal...

Oil prices decline on strong U.S. dollar

Oil prices declined Thursday as strong U.S. dollar offset market's optimism over an oil output freeze deal. The West Texas Intermediate for...

Tokyo shares close higher on upbeat U.S. data, oil price spike

The 225-issue Nikkei Stock Average ended up 194.06 points, or 1.10 percent, from Tuesday at 17,862.21. The broader Topix index of all...
oil

Oil prices rise after sharp decline

Oil prices ended higher Thursday as traders buy the dip after previous day's big losses. The West Texas Intermediate for October delivery...
Oil

Oil prices take a flight on profit taking

Encouraged by the shrinking supplies and production of the United States, both the U.S. oil and Brent crude hit the round-number mark of 50...
oil

May 26 major Nigerian media outlets

-- Nigeria's economy is currently in a volatile situation due to the crash in oil prices, President Muhammadu Buhari has said. The...
oil

Oil prices up as U.S crude registers expected to decline

U.S. crude stockpiles probably decreased by 2 million barrels last week, according to a market survey on Tuesday. Energy Information Administration will release the...
oil

Crude prices increases amid falling output

Last week U.S. oil rig count fell for the eighth straight week. According to data released last Friday by oil service company Baker Hughes,...

US stocks Up on the note of Rising Oil

At noon, the Dow Jones Industrial Average added 155.05 points, or 0.88 percent, to 17,690.37. The S&P 500 gained 18.33 points, or 0.90 percent,...
oil

Fall in oil prices sends Congo’s economy shambles

By Andronicus Sikula The financial crisis that has been precipitated by a drop in prices of oil, the main source of revenue...