A new budgetary framework for Nigeria
Nigeria needs a new budgetary framework. To appreciate why a new budgetary framework is required, it is important to explain how the current budgetary framework works. Since oil earnings became the dominant source of government revenue, federal budgets have been prepared on the basis of prevailing or projected oil prices. ln other words, the federal…
Oil prices slide on shattered demand, stocks scatter
Oil prices plunged Monday as the number of novel coronavirus cases worldwide surged past 700,000, reinforcing worries about the impact of the pandemic on the global economy.
Oil at highest since September on trade hopes, U.S. crude supplies
Oil prices were at the highest in more than three months on Thursday, buoyed by hopes of an end to the China-U.S. trade fight and by a report showing lower U.S. crude inventories.
Oil prices drop as fears over trade war, weaker demand return to haunt market
Oil prices slipped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020.
‘Oil prices may drop further on potential glut’
Global oil supply could continue to rise at a rapid pace in 2020, surpassing the increase in demand.
Oil prices gain as market awaits signals on U.S.-China trade talks
Oil prices rose on Tuesday, reversing early losses on hopes that U.S. President Donald Trump may signal progress on trade talks with China in a speech later in the day.
Oil prices extend losses into second session on weak China data
Oil prices fell on Tuesday after heavy losses in the previous session, as two days of weak Chinese data added to worries about the top crude oil importer’s energy demand growth.
Oil prices surge as Iranian tanker hit by double blast off Saudi
Oil prices surged more than two percent on Friday after an Iranian tanker was hit by suspected missile strikes in Saudi Arabia, sparking fresh supply concerns in the already-tense Gulf region.