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Oil Price Drop

  • In the News

    Oil Prices Hit Six-Month Low as OPEC+ Boosts Output

    by Adenike Adeodun March 5, 2025
    by Adenike Adeodun March 5, 2025

    Oil prices hit a six-month low after OPEC+ confirmed a production increase, while U.S. tariffs and geopolitical tensions added market uncertainty.

  • In the News

    Oil Prices Tumble on Mixed OPEC+ Decision and US Demand Worries

    by Victor Adetimilehin June 4, 2024
    by Victor Adetimilehin June 4, 2024

    Oil prices witnessed a dramatic decline on Monday, June 3rd, marking their steepest one-day drop in several months. This comes amidst a confluence of factors, including a mixed decision by …

  • In the News

    Oil Prices Slide on Weak Demand, Ample Supply

    by Victor Adetimilehin May 21, 2024
    by Victor Adetimilehin May 21, 2024

    Oil prices are experiencing a downward trend due to weak demand from refineries and a rise in global crude oil supply. This trend is impacting the global oil market and …

  • Oil & Gas

    OPEC+ Mееting Dеlay Triggеrs 1% Oil Pricе Drop

    by Victor Adetimilehin November 23, 2023
    by Victor Adetimilehin November 23, 2023

    Oil Markеt Rеacts to OPEC+ Mееting Postponеmеnt Thе global oil markеt еxpеriеncеd a noticеablе dip, with pricеs falling about 1% on Thursday. This downturn is attributеd to thе anticipation that …

Latest Stories

  • Ebenco Refinery gets approval to introduce hydrocarbons as 30,000bpd plant nears commissioning
  • Oil heads for weekly gain as Middle East ship attacks keep Brent above $105
  • ALNAFT offers seven onshore blocks to investors at African Energy Week in Cape Town
  • TotalEnergies Backs Nigeria’s Energy Growth With New Gas Projects
  • Eskom Prepares to End 103-year Electricity Monopoly

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Editors' Picks

Nigeria’s Oil Boom: Record Production in September 2023

Ebenco Refinery gets approval to introduce hydrocarbons as 30,000bpd plant nears commissioning
Oil heads for weekly gain as Middle East ship attacks keep Brent above $105

Latest Stories

Ebenco Refinery gets approval to introduce hydrocarbons as 30,000bpd...
Oil heads for weekly gain as Middle East ship...
ALNAFT offers seven onshore blocks to investors at African...

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