Organization of the Petroleum Exporting Countries (OPEC)

 EMEKA OKOROAYANWU Oil edged up towards $73 a barrel on Friday, heading for a weekly gain, supported by supply cuts and concern over potential further disruption to Middle East shipments as political tensions rise.…

EMEKA OKOROANYAWU Oil prices dipped on Friday, triggering fears that if the trend continues, Nigeria’s 2019 N8.9 trillion Budget may be under threat. The 2019 budget was predicated on an oil price benchmark of $60 per barrel. Nigeria’s…

Oil hovered slightly below 2019 peaks on Friday, propped up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela. Concerns that an economic slowdown might soon impact fuel consumption are…

Oil inched lower on Tuesday to extend losses of more than three per cent from the previous session, easing after U.S. President Donald Trump called on OPEC to rein in its efforts to boost prices.  International Brent futures were at 64.70…

Oil prices were steady on Friday, torn between hopes the United States and China could soon settle their trade disputes and new data raising fresh concerns over China’s economic slowdown. International Brent crude oil futures were at…