Crude witnessing steep Price Decline; lost USD5 in a Week
Crude oil prices have witnessed depressed levels for the past week with prices loosing up to $5 within 5 days. West Texas Intermediate declined by $5.51 from 78.71 on January…
Crude oil prices have witnessed depressed levels for the past week with prices loosing up to $5 within 5 days. West Texas Intermediate declined by $5.51 from 78.71 on January…
Nigeria is on track to cut its fuel deficit by 39% to 170,000 barrels per day (bpd) by 2025, down from 280,000 bpd, thanks to rising production levels at the…
The global crude oil market experienced a significant downturn on Tuesday, as the prices of Brent and West Texas Intermediate (WTI) crude plummeted to their lowest levels since December 2021.…
Oil prices climbed significantly on Monday, driven by concerns that a developing hurricane could disrupt production and refining operations along the US Gulf Coast. The threat of the storm, coupled…
Crude oil prices experienced a sharp decline on Thursday, reaching their lowest levels in 14 months. The price drop was fueled by concerns about demand in the United States and…
Oil prices has taken a significant dive, driven by a combination of factors, including speculation about OPEC+ production cuts and ongoing disruptions in Libya. These developments, coupled with weaker-than-expected manufacturing…
Nigerian oil production increased to 1.307 million barrel per day for the month of July according to the OPEC Monthly Oil Report released on Monday. The report revealed that production…
Oil prices experienced a sharp decline on Tuesday, falling to their lowest point in seven weeks as investors grappled with concerns over diminishing demand from China, the world’s largest oil…
Nigeria’s grip on the title of Africa’s biggest oil producer remains steady, but challenges abound as the nation grapples with consistently falling short of oil production targets. While the Organisation…
CEM REPORT, ENERGY | Brent Crude opened the week with $81.91 per barrel amidst concerns that Middle East tensions could interfere with supply which made the market retained a level…