The slump in the international crude oil price took its toll on the Federal Account Allocation Committee (FAAC), as its disbursements between January and March 2019 dropped to $1.929 trillion as against N1.938 trillion disbursed for the same period in 2018; representing 0.45% reduction. This information is contained in the latest issue of the quarterly […]Read More
Oil prices on Monday clawed back some losses from a nearly 8 percent plunge on Black Friday, with Brent jumping back above $60 per barrel. Front-month Brent crude oil futures rose $1.31, or 2.2 percent, to $60.11 per barrel by 0643 GMT. U.S. West Texas Intermediate (WTI) crude futures, were up 66 cents, or 1.3 […]Read More
Oil prices dropped to more than two-week lows yesterday, as global stock markets fell, with investor sentiment made more bearish by the United States government data that showed domestic crude inventories rose more than expected last week. Brent crude futures fell by $2.08 or 2.5 percent to $81.01 a barrel. The contra posted a session […]Read More
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