Friday, March 24, 2023
No Result
View All Result
SUBSCRIBE
eNaira Online News
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
eNaira Online News
No Result
View All Result

straitPay Unveils New Digital Payment Platform for Nigerians, Others

by e-Naira Online News
June 6, 2022
in Finance
Reading Time: 3 mins read
A A
0
Home Finance
Share on FacebookShare on Twitter


By Adedapo Adesanya

British financial institution, Barclays, on Monday raised its Brent crude price forecasts by $11 to $111 per barrel for 2022, citing a larger and sustained disruption in Russian supply following sanctions by the European Union (EU).

It also increased the price benchmark for the year 2023 by $23 per barrel as it sees Brent prices averaging $111 this year and next, while it sees US West Texas Intermediate (WTI) at $108 for the same period.

Russian oil output is expected to decline by 1.5 million barrels per day by the end of the year, Barclays said, adding it no longer expects inventories to normalise over the forecast period.

“Limited spare capacity and constrained U.S. supply growth, mean inventories are likely to remain tight over our forecast horizon, barring a significant slowdown in demand due to spillover effects,” the bank said in a note.

Business Post had reported that the leaders of the EU last week agreed to cut oil imports from Russia by 90 per cent by the end of the year.

The sanctions will also bar operators within the EU from financing or insuring transportation of Russian oil to third-party countries.

“This will make it particularly difficult for Russia to continue exporting its crude oil and petroleum products to the rest of the world since EU operators are important providers of such services,” the European Council said in a statement.

European Council President Ursula von der Leyen proposed the ban in May after the US, which is less reliant on Russian oil, had announced a similar embargo.

Europe is the destination for nearly half of Russia’s crude and petroleum product exports before Russia’s invasion of Ukraine, according to the International Energy Agency (IEA).

Citi Research on Monday also raised its quarterly oil price forecasts for this year and its year-average outlook for 2023, noting any additional supply from Iran looked heavily delayed.

Citing tighter market balances, Citi raised its second-quarter 2022 Brent price forecast by $14 to $113 per barrel, and the third and fourth quarter prices by $12, to $99 and $85, respectively.

The bank estimates Brent to average $75 per barrel in 2023, revised higher by $16.

Like this:

Like Loading…

Related





Source link

Tags: DigitalNigerianspaymentPlatformstraitPayunveils
Previous Post

Embrace peace, Gombe gov urges warring communities

Next Post

NGX: Ellah Lakes among top equities as investors pocket N96bn in 8 hours

Related Posts

UK to ban TikTok from parliament’s devices
Finance

UK to ban TikTok from parliament’s devices

by e-Naira Online News
March 23, 2023
Consider A Corporate Booking Tool For Your Business
Finance

Consider A Corporate Booking Tool For Your Business

by e-Naira Online News
March 23, 2023
Gainers and losers of CBN’s cash swap, naira redesign policy
Finance

Gainers and losers of CBN’s cash swap, naira redesign policy

by e-Naira Online News
March 23, 2023
Why CBN’s monetary policy tools can’t bring down inflation
Finance

Why CBN’s monetary policy tools can’t bring down inflation

by e-Naira Online News
March 23, 2023
FAAC Allocation To FG, States, LGs In March Shrinks To N722.7bn
Finance

FAAC Allocation To FG, States, LGs In March Shrinks To N722.7bn

by e-Naira Online News
March 23, 2023
Next Post
NGX: Ellah Lakes among top equities as investors pocket N96bn in 8 hours

NGX: Ellah Lakes among top equities as investors pocket N96bn in 8 hours

Another 600 million units of FBN Holding shares crossed

Another 600 million units of FBN Holding shares crossed

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Ooni elevates shopping experience in Osun community, builds N900m mall

Ooni elevates shopping experience in Osun community, builds N900m mall

March 14, 2023
Realtors optimistic, foresee growth under Tinubu’s presidency

Realtors optimistic, foresee growth under Tinubu’s presidency

March 14, 2023
IFMA conduct tour of BRICS Property to ensure standards

IFMA conduct tour of BRICS Property to ensure standards

March 14, 2023
Firm, bank in N5bn pact to facilitate relocation of building materials dealers

Firm, bank in N5bn pact to facilitate relocation of building materials dealers

March 14, 2023
Live Update: Governorship and State Assemblies Elections

Live Update: Governorship and State Assemblies Elections

March 18, 2023
Tinubu’s cabinet ready 30 days after inauguration – Alake

Tinubu’s cabinet ready 30 days after inauguration – Alake

March 19, 2023
APC South-South groups vow to deliver region

APC South-South groups vow to deliver region

November 12, 2022
Naira Appreciates at Black Market, Peer-to-Peer, I&E

Naira Appreciates at Black Market, Peer-to-Peer, I&E

March 18, 2023
Axxela attains 7m LTI-free man-hours milestone

Axxela attains 7m LTI-free man-hours milestone

March 24, 2023
Nigeria Air to begin operation before May 29 — Minister

Nigeria Air to begin operation before May 29 — Minister

March 23, 2023
Nigerian Exchange closes negative as investors lose N7 billion

Nigerian Exchange closes negative as investors lose N7 billion

March 23, 2023
Terraform Labs Co-Founder Do Kwon Arrested in Montenegro, Says Interior Minister – Bitcoin News

Terraform Labs Co-Founder Do Kwon Arrested in Montenegro, Says Interior Minister – Bitcoin News

March 23, 2023
UK to ban TikTok from parliament’s devices

UK to ban TikTok from parliament’s devices

March 23, 2023
Consider A Corporate Booking Tool For Your Business

Consider A Corporate Booking Tool For Your Business

March 23, 2023
Prospect for nuclear power development in Nigeria

Prospect for nuclear power development in Nigeria

March 23, 2023
Implication and prospects of government debt to the Nigerian economy

Implication and prospects of government debt to the Nigerian economy

March 23, 2023

Get the free newsletter

eNaira Online News

Get the latest news and follow the coverage of eNaira, Business & Financial, Stock Market, Analysis, and more from the trusted sources.

CATEGORIES

  • Banking
  • Business
  • Capital Market
  • Companies
  • Crypto
  • eNaira
  • Finance
  • Opinion
  • Personal Finance
  • Real estate
  • Uncategorized
No Result
View All Result

GET THE FREE NEWSLETTER

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.