Oil prices, which have been rising strongly on rebounding demand, broke Monday past $70 per barrel for the first time since January 2020 after an attack on energy facilities in Saudi Arabia. Meanwhile, stock market numbers were mixed as investors weighed worries over high inflation against the reopening of virus-hit economies. After Asian indices closed … Read more
Brent has risen by more than 17 per cent since December 31, 2020, when it closed at $51.22 per barrel. The international oil benchmark, Brent crude, extended its rebound on Monday, hitting the $60 per barrel mark for the first since the extent of the COVID-19 pandemic became clear. The further rise in oil prices … Read more
Access Bank PLC is planning to sack some workers, slash salaries to remain operational as lockdown occasioned by coronavirus has drastically affected its income. According to a video seen by Ekohotblog, the Chief Executive Officer, Herbert Wigwe said Access Bank no longer need many tellers, security personnel and cleaners, as it currently has – which … Read more
Crude oil prices rose above $30 on Friday after indications that oil-producing partners of the Organisation of Petroleum Exporting Countries, also known as OPEC+, would hold a meeting on Monday, TheCable reports. Donald Trump, president of the United States, had said a production cut as high as 15 million barrels may be implemented. He, however, … Read more