UPDATE ON CRUDE OIL PRICES AS AT 29TH OF JULY, 2020

Justice O. Derefaka (Technical Adviser (TA) – Gas Business & Policy Implementation To The Honorable Minister of State, Petroleum Resources) Oil prices rose after an industry report showed that crude inventories in the United States increased against expectations, giving the market a boost amid record increases of coronavirus infections in the U.S. and elsewhere. Inventories…

UPDATE ON CRUDE OIL PRICES AS AT 20TH OF JULY, 2020

By Justice O. Derefaka (Technical Adviser (TA) – Gas Business & PolicyImplementation To The Honorable Minister of State, Petroleum Resources) Oil prices edged lower on Friday as concerns about the surge in coronavirus cases sapping fuel demand while major crude-producing nations ready increases in output. The United States reported at least 75,000 new COVID-19 cases on…