Posts Tagged ‘Oil Price’

Coronavirus shoots Oil Prices Below Nigeria’s Budget Benchmark

by Ikokwu Ikembaon February 5, 2020
The outbreak of coronavirus in China has caused uncertainty among concerned operators in the Nigerian economy as oil prices continue to slide downward below the nation’s budget benchmark. A check on Tuesday morning showed Brent crude, the main international price, stood at $54.82 per barrel, up from about $54.45 on Monday. Earlier in January, the […]

The Oil Market’s Reaction to Saudi Arabian Attack

by Ikokwu Ikembaon September 16, 2019
The record surge in Brent crude futures on Monday only tells part of the story of how the oil market is reacting to a strike on a Saudi Arabian oil facility that’s removed about 5% of global supplies. Here are five charts that shed more light on the granular impact. Historical Perspective Brent futures soared […]

Oil price rise amidst easing US–China trade tensions

by Ikokwu Ikembaon August 14, 2019
Oil prices rose more than 3% on Tuesday after the United States said it will remove some products from its China tariff list, easing concerns over a global trade war that has pummeled the market in recent months. Brent crude futures LCOc1 were up $1.75, or 3.1%, from the previous settlement at $60.32 a barrel […]