‘Potential cuts by OPEC to keep oil price above budget benchmark’
Though observers see the price of international oil benchmark Brent crude at anywhere between $59 to $70 per barrel for 2020, based on varying projections for supply, global demand and whether...
Oil prices maintain narrow band over trade tensions, production cuts
Oil prices appear to be trapped within a relatively narrow range, squeezed between competing forces on both the upside and downside.
Anxiety as Nigeria’s fresh 25 oil cargoes await buyers
Nigeria’s economy faces significant risks in the days ahead, as the country is currently having difficulties getting buyers for its crude oil in the international market.
Nigeria’s crude oil suffers setback as more traders opt for U.S. blend
Nigeria’s crude oil is under serious pressure at the international market, as Asian refiners have increasingly been moving away from their usual favourite...
Shell Nigeria declares force Majeure on Bonny light
Shell’s Nigerian unit has declared force majeure for Bonny Light crude oil liftings due to a shutdown of a Niger Delta pipeline following a leak, a statement said on Friday.