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Brent crude

  • In the News

    Oil Prices Stabilize After Seven Weeks of Decline

    by Motoni Olodun October 21, 2024
    by Motoni Olodun October 21, 2024

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

  • Energy Transition

    Oil Prices Drop Over 1-Percent Amid Weak Chinese Economic Data

    by Motoni Olodun October 14, 2024
    by Motoni Olodun October 14, 2024

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

  • In the News

    Oil Prices Slip After Surge to Monthly High Amid Middle East War Risks

    by Motoni Olodun October 8, 2024
    by Motoni Olodun October 8, 2024

    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.

  • In the News

    Oil Prices Trim Gains After Largest Weekly Surge in Over a Year

    by Motoni Olodun October 7, 2024
    by Motoni Olodun October 7, 2024

    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.

  • In the News

    Oil Prices Surge Amid Middle East Tensions, Weekly Gains Soar

    by Victor Adetimilehin October 7, 2024
    by Victor Adetimilehin October 7, 2024

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

  • In the News

    Brent Crude Oil Prices Fall Below $70, Pressuring Global Economies

    by Adenike Adeodun September 12, 2024
    by Adenike Adeodun September 12, 2024

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

  • In the News

    Oil Prices Drop $1 After US Jobs Data Revision Sparks Economic Concerns

    by Victor Adetimilehin August 22, 2024
    by Victor Adetimilehin August 22, 2024

    Oil prices fell $1 per barrel following a significant revision of U.S. jobs data, sparking fears of economic slowdown and adding to global market uncertainty.

  • In the News

    Oil Prices Drop 2% Amid China Demand Fears and Market Volatility

    by Victor Adetimilehin August 17, 2024
    by Victor Adetimilehin August 17, 2024

    Oil prices dropped nearly 2% amid concerns over weakening demand from China and ongoing tensions in the Middle East, capping a volatile week in global oil markets.

  • In the News

    Oil Prices Drop as Middle East Tensions Ease

    by Victor Adetimilehin August 14, 2024
    by Victor Adetimilehin August 14, 2024

    Oil prices dropped as fears of a broader Middle East conflict subsided, with Iran holding back on its threats against Israel. Market analysts point to a reduced geopolitical risk premium …

  • In the News

    Oil Prices on Track for 3% Weekly Gain Amid Mideast Tensions

    by Victor Adetimilehin August 9, 2024
    by Victor Adetimilehin August 9, 2024

    Oil prices are on track for a 3% weekly gain, driven by escalating Middle East tensions and positive U.S. economic data. The market remains volatile amid ongoing geopolitical risks.

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Nigeria’s Oil Boom: Record Production in September 2023

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Egypt Exports LNG Shipment to Greece for Shell as...
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