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Brent crude

  • In the News

    Oil Prices Retreat as Middle East Conflict Fears Ease

    by Victor Adetimilehin April 23, 2024
    by Victor Adetimilehin April 23, 2024

    Oil prices retreated on Monday after concerns about potential supply disruptions from the Middle East conflict eased. The market’s focus shifted back to fundamentals, with economic factors like inflation and …

  • In the News

    Oil Prices Retreat as Middle East Tensions Simmer Down

    by Victor Adetimilehin April 8, 2024
    by Victor Adetimilehin April 8, 2024

    Oil prices experienced a significant decline on Monday, dropping more than $1 a barrel as tensions in the Middle East eased. This welcome shift comes after Israel withdrew troops from …

  • In the News

    Oil Surges Above $90 on Geopolitical Tensions and Supply Concerns

    by Victor Adetimilehin April 5, 2024
    by Victor Adetimilehin April 5, 2024

    Oil prices have been on a rollercoaster ride in recent months, and the latest surge above $90 a barrel is causing concern for consumers and businesses alike. This excerpt explores …

  • In the News

    OPEC Upbeat on Oil Demand and Economic Outlook

    by Victor Adetimilehin March 13, 2024
    by Victor Adetimilehin March 13, 2024

    OPEC’s latest report offers an optimistic forecast for global oil demand, projecting strong growth through 2024 and 2025 amidst geopolitical tensions and supply disruptions.

  • In the News

    Oil Prices Soar Amid Gaza Conflict and US Rate Cut Hopes

    by Victor Adetimilehin March 1, 2024
    by Victor Adetimilehin March 1, 2024

    The ongoing war in Gaza and the prospect of a US interest rate cut have pushed oil prices higher, with Brent crude trading above $83 per barrel on Thursday. The …

  • In the News

    Nigeria’s Budget Under Pressure as Oil Prices Dip Below Forecast

    by Oluwatosin Racheal Alabi January 10, 2024
    by Oluwatosin Racheal Alabi January 10, 2024

    Nigeria’s 2024 budget faces challenges as Brent crude oil price falls below the projected benchmark, threatening national revenue streams.

  • In the News

    Oil Prices Slide into Bear Market Amidst Supply Pressure on OPEC+

    by Victor Adetimilehin November 17, 2023
    by Victor Adetimilehin November 17, 2023

    Oil prices experienced a resurgence as market sentiment suggested OPEC and its partners are poised to counter the recent sharp decline in prices. West Texas Intermediate (WTI) saw a 4% …

  • Oil & Gas

    Middle East Conflict Sends Oil Prices Soaring

    by Motoni Olodun October 9, 2023
    by Motoni Olodun October 9, 2023

    The escalating violence between Israel and Hamas has triggered a surge in oil prices, as fears of a wider regional conflict and potential disruptions to oil supply loom large. Brent …

  • Oil & Gas

    Oil prices surge as Saudi-Russia deal and China demand boost market.

    by Motoni Olodun September 18, 2023
    by Motoni Olodun September 18, 2023

    Oil prices rose for a third consecutive session on Monday, reaching their highest levels since November, as Saudi Arabia and Russia extended their supply cuts and China’s economic recovery boosted …

  • In the News

    Surging Oil Prices: Demand Swells as Chinese Data Outshines Predictions

    by Adenike Adeodun September 15, 2023
    by Adenike Adeodun September 15, 2023

    Oil values experienced an uptick on Friday, marking their path towards a third consecutive week of gains. This rise is buoyed by the surprisingly optimistic economic indicators from China and …

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Editors' Picks

Nigeria’s Oil Boom: Record Production in September 2023

Egypt Exports LNG Shipment to Greece for Shell as Cairo Strengthens Role in Global Energy Market
Koeberg Nuclear Power Station Unit 2 Marks 40 Years of Reliable Power as South Africa Extends Licence to 2045

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