Tag: loss
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Crude oil prices recorded a weekly loss of 13%… and Brent is under $73 – (update)
Crude oil prices fell, at the end of trading today, Friday, March 17 (2023), with fears of an economic recession, to record strong weekly losses of about 13%. Crude prices rose in early trading, supported by Saudi Arabia and Russia’s assurances of their commitment to the OPEC + decision to reduce oil production by two…
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Oil production in Nigeria is threatened with a loss of 4 million barrels
Oil production in Nigeria is set to drop dramatically in March 2023 and beyond, due to the recent bombings of a major pipeline in the Niger Delta region. A major export pipeline exploded in the oil-rich Niger Delta region, Thursday evening, March 2, 2023, killing 12 people and injuring others, according to the specialized energy…