Monday, February 6, 2023

Oil Price

June 10, 2022

OPEC oil price now $123.21 per barrel

The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at $123.21 per barrel Thursday.

April 1, 2022

U.S. to release one million barrels per day to cut oil price

U.S. President Joe Biden announced plans to release 180 million barrels of oil from its strategic reserve.

Fuel pump
June 24, 2021

Oil prices gain after U.S. crude drawdowns

Oil prices gained for a second day on Thursday after drawdowns in U.S. inventories.

March 24, 2021

Oil price recovery stunted by European lockdowns, U.S. stock build

Human rights sanctions on China imposed by the U.S., Europe, and Britain prompted retaliatory sanctions from Beijing and added to market concerns.

Oil Barrels
March 2, 2021

Oil prices slip over higher OPEC supply, slower China demand

U.S. West Texas Intermediate (WTI) crude fell 18 cents, or 0.3 percent, to $60.46 a barrel.

Mohammad Sanusi Barkindo
February 25, 2021

FG celebrates rising price of crude oil in the global market

The minister said: “The more revenue we realise out of the budget, the less we borrow.

President Muhammadu Buhari
October 1, 2020

Petrol should not be cheaper in Nigeria than Saudi: Buhari

The Nigerian leader said fuel would continue to sell at high rates, ignoring the diminishing purchasing power of citizens.