Oil price rises to $43
Oil gained more than one per cent on Tuesday on the prospect the United States nearing a deal on coronavirus relief, but the threat to demand from rising COVID-19 cases…
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Browsing Tag
Oil
Shell to cut over 9,000 jobs as oil demand slumps
Royal Dutch Shell has said it plans to cut 7,000 to 9,000 jobs as it responds to challenges including the slump in oil demand amid the Covid-19 pandemic, the BBC reports…
Oil falls below $40 per barrel as OPEC forecasts slower demand recovery
Brent Crude, the international oil benchmark, fell below the $40 per barrel mark on Monday.
Brent, against which Nigeria’s crude oil is priced, fell by $0.36 to $39.47…
Oil prices rise as China imports large volumes of U.S. crude
Oil prices rose on Monday as China’s plans to ship in large volumes of U.S. crude in August and September outweighed concerns over a slowdown in demand recovery after the…
Nigeria earned $206.06bn from crude oil in last five years… OPEC
Nigeria earned a total of $206.06bn from crude oil exports in the last five years, according to the Organisation of Petroleum Exporting Countries.
Nigeria is Africa’s largest oil…