Markets

KEY POINTS Goldman Sachs has raised its oil price forecasts for 2026, citing a severe disruption to crude flows through the Strait of Hormuz that the bank described as the …

KEY POINTS Egypt petroleum ministry has announced that the country will pay $1.3 billion in arrears to international oil companies by June, advancing its previously scheduled repayment timetable. The move …

KEY POINTS Global crude oil prices closed the week ending March 20, 2026, at $112 per barrel, marking an 8.22% weekly increase. Brent Crude Futures have climbed more than 53% …

KEY POINTS Shares of Chevron have pushed the company’s market capitalization above $400 billion for the first time, placing the oil major among the 20 most valuable publicly traded companies …

KEY POINTS Nigeria’s Minister of Power, Adebayo Adelabu, has assured citizens that improvements in electricity supply are on the horizon, despite the ongoing crisis crippling the sector. Speaking in a …

KEY POINTS Nigeria is grappling with the fallout of a fresh global oil shock as crude prices climb above $100 per barrel, intensifying fears of stagflation across major economies. The …

KEY POINTS Energy economist Wumi Iledare has urged the Federal Government to focus on ensuring steady fuel supply rather than controlling prices, warning that global oil disruption, sespecially from the …

KEY POINTS Nigeria’s external trade profile experienced a significant shift in 2025, as the Dangote Petroleum Refinery imported crude oil worth $3.74 billion, according to the Central Bank of Nigeria …

KEY POINTS Oil prices fell modestly on Wednesday morning after the American Petroleum Institute (API) reported a significant increase in U.S. crude inventories. Brent crude futures dropped $1.15, or 1.11%, …

KEY POINTS Nigeria imported petrol valued at N84.69 billion from Togo in the fourth quarter of 2025, according to newly released foreign trade statistics by the National Bureau of Statistics …