Nigeria’s 2024 budget faces challenges as Brent crude oil price falls below the projected benchmark, threatening national revenue streams.
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Brent crude
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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% …
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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 …
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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 …
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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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Nigeria, Africa’s largest oil producer, has seen a sharp decline in its petrol imports in the second quarter of 2023, following the removal of the controversial fuel subsidy that had …
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The International Energy Agency (IEA) foresees a distinct oil market deficit by the end of 2023 as global supply dynamics shift. This projection arises in the wake of Saudi Arabia …
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