Oil prices – InfoStride News

Oil Prices Break Out as Rigs Count Slides

Ade Adewale — Mon, 18 Sep 2017 15:43:23 +0000

WTI crude oil prices settled this past week just under $50.0, up slightly more than 5% on the week, and up for the second consecutive week after a falling in each of the five preceding weeks. Hurricane Harvey, which, afflicted refineries have been coming back on line, increasing demand for crude, while the IEA this [...]

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Oil Price soars on Tighter U.S Market, hits $53 Approximately

Kunle Atiba — Tue, 01 Aug 2017 05:01:17 +0000

Oil prices hit a two-month high on Monday lifted by A tightening US crude market and the threat of sanctions against OPEC-member Venezuela, has increased the oil prices. The prices hit a two-month high on Monday. Brent crude futures were 52.90 dollars per barrel earlier in the day, their highest since May 25. U.S. West [...]

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Oil Prices, Not GEJ’s Policies Made Economy Grow – Fashola

David Folami — Sat, 12 Nov 2016 14:30:49 +0000

Minister of Power, Works and Housing, Babatunde Fashola has said that the Goodluck Jonathan administration can’t claim credit for the growth of Nigeria’s economy during its time. Fashola added that the economic growth witnessed during the Jonathan era was due to high oil prices not government policies. “In the last decade or so, we experienced [...]

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Factors To Watch In African Markets – June 23

Ade Adewale — Thu, 23 Jun 2016 19:22:10 +0000

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. GLOBAL MARKETS Asian stocks were up in hesitant trade on Thursday, as many investors sought shelter in safe-haven assets such as the Japanese yen and government debt as they braced for Britain’s vote on [...]

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Ex-NITP Chair Berates The Performance Of Nigeria’s Building Construction Industry

Ade Adewale — Mon, 28 Dec 2015 23:50:00 +0000

A former Chairman of Lagos chapter of Nigeria Institute of Town Planners (NITP), Mr Makinde Ogunleye, on Monday condemned the performance of Nigeria’s building construction industry. Ogunleye, who granted an interview with newsmen in Lagos, said the performance was low in 2015. He attributed the poor performance of the industry to political, economic and security factors. he said that the [...]

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2016 Will Be Tough Due To Slump In Global Oil Prices – Governor Oshiomole

Wale Adebayo — Wed, 23 Dec 2015 11:35:18 +0000

Governor Adams Oshiomhole of Edo State says 2016 will be tough, going by the crisis in the economy caused by a slump in global oil prices. However, he expressed optimism that his government will finish strong despite the economic indicators. “It is clear from all indicators that the coming year is likely to be very [...]

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For Decades, Nigeria Danced In Close Confines With Economic Disaster – Bola Tinubu

Wale Adebayo — Fri, 18 Dec 2015 17:40:58 +0000

All Progressives Congress (APC) National Leader and former Governor of Lagos State, Asiwaji Bola Ahmed Tinubu, says Nigeria’s economy has hit a wall because the country did not plan for times like this. “For decades, Nigeria danced in close confines with economic disaster. In the past, higher oil prices allowed us to dodge the worst. [...]

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Oil prices drop on China data

Ade Adewale — Mon, 20 Jan 2014 23:05:22 +0000

Oil prices fell on Monday as China's economic growth data fuelled concerns over energy demand in the world's second largest economy, traders said. New York's main contract, West Texas Intermediate (WTI) for delivery in February, dropped 67 cents to $…

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Oil prices rise as US freeze lifts heating demand

Ade Adewale — Tue, 07 Jan 2014 20:13:58 +0000

Global oil prices rebounded with solid gains on Tuesday as a cold snap in the United States boosted demand for heating fuel, analysts said. New York's main contract West Texas Intermediate for February delivery rose 73 cents to $94.16 a barrel. Brent…

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Oil prices tread higher before US energy report

Ade Adewale — Fri, 03 Jan 2014 13:05:37 +0000

Global oil prices rose slightly on Friday, after sharp falls the previous day, as investors awaited the release of key US crude inventories data. Brent North Sea crude for February added 46 cents to $108.25 a barrel in midday deals in London. New York…

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