Oil market Archives - DAILY TIMES Nigeria

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Covid-19 sends economic team into panic mode over 2020 budget

Ihesiulo Grace 12 March 2020 0

…Diversification, reducing cost of production vital – Dangote …Over-reliance on oil hurting economy – Emefiele …Capacity to finance oil development lacking – Kyari The sudden and unexpected drop in crude prices to just over $30 has thrown the global oil market into commotion

Business

Oil market may have upside potential next year – Barkindo

Ihesiulo Grace 5 November 2019 0

Vienna – OPEC Secretary-General, Mohammad Barkindo, said on Tuesday that the oil market outlook for 2020 may have upside potential, appearing to downplay any need for deeper cuts to production. The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, led by Russia, meet in December to review output policy. The so-called OPEC+ alliance […]

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Oil falls on robust dollar, pushing the price below $69 a barrel, first time in six days

Ihesiulo Grace 30 January 2018 0

International oil price fell on Tuesday for a second day running as a stronger dollar dented risk-linked assets such as equities and other commodities, together with rising U.S. output, pushing the price below $69 a barrel for the first time in six days. Brent crude futures fell 20 cents on the day to $69.26 a […]

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