Brent crude

KEY POINTS After the U.S. Energy Information Administration (EIA) predicted that Brent crude could average below $60 a barrel in the fourth quarter, a level last observed during the pandemic’s …

KEY POINTS Far from the busy markets of London or New York, the flickering numbers on trading screens—Brent crude at $67.02 a barrel—tell a different story. That figure is more …

Angola’s Cabinda refinery is set to boost energy independence, reducing reliance on fuel imports with operations starting in April 2025

Oil prices rose nearly 2% on supply fears as escalating Middle East tensions, including possible Israeli retaliation against Iran, shook markets

Oil prices have steadied after seven consecutive weeks of decline, as global supply and demand factors and geopolitical tensions influence market trends.

Oil prices fell by over 1% following weak economic data from China, sparking fears of reduced global demand for energy in the coming months.

Oil prices dipped slightly after reaching their highest levels in over a month, driven by concerns over supply disruptions from the ongoing Middle East conflict.

Oil prices eased slightly after recording their largest weekly rise in over a year, driven by geopolitical tensions and OPEC+ supply cuts, as investors monitor global supply.

Oil prices recorded significant weekly gains amid heightened Middle East conflict fears. President Biden’s caution against targeting Iranian oil helped limit the surge.

Brent crude falls below $70, adding pressure on Nigeria’s economy and currency while raising hopes for lower petrol prices.