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Energy

Oil Prices Plummet Towards $20 Per Barrel Despite OPEC, Others’ Deal

G-20 Intervenes, To Roll Out More Production Cuts Weekend By Hamilton Nwosa(Head, The New Diplomat’s Business and Data tracking desk) Oil prices have continued to plummet towards $20  per...
Business

Oil Price Slide: Nigeria Ready For OPEC talks, Says Sylva

By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) Minister of State for Petroleum Resources, and former governor of  Bayelsa State, one of Nigeria’s...
Opinion

What Happens If Oil Prices Go Negative?

By Stuart Burns Various reports hit the news feeds today quoting a deliberately headline-grabbing statement by Paul Sankey, managing director at Mizuho Securities, in which he...
Banking

As Oil Price Crashes, Emefiele Douses Anxiety, Says N380 Forex Rate Not Devaluation

By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) Central Bank of Nigeria Governor, Mr Godwin Emefiele on Saturday, clarified that the recent...
Business

As Oil Price Crashes, The Question Lingers: Who Will Win The Oil Price War?

Time To Blink In COVID-Infected Oil Price War   By Editorial Dept  As the oil price war continues, with the Saudis holding out and flooding the market...
Business

Oil Price Heads To $70 As Global Market Peaks

Oil price rose and Nasdaq Composite had its best day in nearly a year on Saturday , boosted by strong corporate earnings, while the...
Business

Oil Price Hit $49 As American Shale Producers Slow Down

A slow down of oil drilling by American shale oil producers helped to move oil prices to  $49 a barrel in Monday trading, a good...
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