Browsing Tag

Crude Oil

Oil rises closer to $80

Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and as the dollar continued to weaken. Oil prices rallied to three-year high, boosted…

Price of oil rises above $65

The closure of the Forties North Sea pipeline has removed substantial amounts of Brent Crude oil from the supply line that was already constricting due to OPEC-led production costs and pushed up the price of oil to $65 per barrel. Brent…

Oil prices jump as OPEC cuts output, dollar sinks

Oil prices rose more than one per cent on Tuesday after news that the world’s top producers cut production in January more than forecasters had expected just as the dollar sank. “This is very high, a good number,” an OPEC source said of…

NNPC names 39 crude oil off-takers for 2017/2018

The Nigerian National Petroleum Corporation (NNPC) on Wednesday released names of 39 bidders for the sale and purchase of Nigerian crude for 2017/2018. Announcing the results on its Website, the Group General Manager, Crude Oil Marketing…