Crude Oil Report Reveals Nigeria, Others Need $100/Barrel Oil to Balance Budgets Emerging economies that produce oil, like Nigeria, Angola and Ecuador, need prices to be around $100 per barrel to balance their budgets, according to a report by Reuters on Monday. It noted that lower oil prices would be more harmful to economies that […]
Report Reveals Nigeria, Others Need $100/Barrel Oil to Balance Budgets Read More »
Oil drilling rigs Oil prices recorded weekly losses, pressured by easing concerns over geopolitical tensions in the Middle East and the potential for increased supplies in 2025. However, Brent crude recorded slight monthly gains. Brent crude futures for January 2025 delivery rose 0.15%, or $0.11, to $72.94 a barrel, recording a weekly loss of 2.95%
Oil prices rise, achieve monthly gain Read More »
When Davido appeared on the Big Homies House podcast and advised Black Americans against relocating to Nigeria, his comments caused a spark, more like a firestorm in the country. He cited issues like poor leadership, the high exchange rate, and soaring oil prices as major obstacles, painting a stark picture of the nation’s economic challenges.
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Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav – Nov 25, 2024, 2:55 AM CST Crude oil prices started the week with a dip after booking a gain of 6% last week, fueled mostly by geopolitical factors
Oil Prices Dip After a Week of Gains Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav – Nov 25, 2024, 1:51 AM CST Goldman Sachs expects Brent crude to average between $70 and $85 per barrel next year, citing high spare production capacity as factor
Goldman Sachs Expects No Change in Oil Prices Next Year Read More »
On November 23, 2024, 9:45 AM Brent Crude oil prices are set to average $76 per barrel next year, down from an expected average of $80 a barrel in 2024, amid an expected surplus on the market, according to Goldman Sachs. “Our base case is that Brent stays in a $70-85 range, with high spare capacity
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Crude Oil back on track for 5% weekly gain after volatile Friday ride. US PMI release revealed US economy exceptionalism back on track. The US Dollar Index broke a fresh two-year high and gets to keep those gains heading into the last trading hours for this week. Crude Oil price is set to close off
Crude Oil ticks back up in the green after US PMI show pickup in activity Read More »
Oil drilling rigs Goldman Sachs predicts Brent crude prices to average $80 per barrel this year, despite geopolitical uncertainties and supply shortages. The US bank also expects the average Brent crude prices to reach $76 a barrel next year, but it lowered its 2026 forecast to $71, anticipating a surplus of 0.9 million barrels per
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Oil drilling rigs Oil prices rose on Friday after Russian President Vladimir Putin warned of a broadening conflict in Ukraine despite signs of slowing demand and an abundance of crude supply in the US. Brent crude futures for January delivery increased 0.13%, or $0.10, to $74.33 a barrel, at 9:28 am Makkah time. Similarly, futures
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Saudi Arabia’s 2025 education plan boosts Chinese learning, nurtures gifted talent RIYADH: Around 102,000 students in Saudi Arabia will learn Chinese annually in public schools, while three new institutions for the gifted will open as part of the Kingdom’s 2025 education plans. According to the Ministry of Finance’s budget report, the education sector has been allocated SR201
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