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oil prices

  • MarketsOil & Gas

    Oil Prices Soar as US Sanctions Russian Crude Exports 

    by Motoni Olodun October 15, 2023
    by Motoni Olodun October 15, 2023

    Oil prices surged on Thursday, reaching their highest levels since 2014, as the US imposed sanctions on two shipping companies for violating a price cap on Russian crude exports. The …

  • Oil & Gas

    Oil Prices Rise Amid Middle East Tensions and Demand Worries

    by Victor Adetimilehin October 13, 2023
    by Victor Adetimilehin October 13, 2023

    Oil prices edged higher this week as the conflict between Israel and Hamas raised concerns about the stability of the Middle East, a major oil-producing region. However, the gains were …

  • 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 …

  • In the News

    Oil Prices Soar as OPEC+ Keeps Output Cuts Amid Demand Recovery Business

    by Victor Adetimilehin October 5, 2023
    by Victor Adetimilehin October 5, 2023

    Oil prices rose sharply on Thursday, recovering from the previous day’s losses, as an OPEC+ panel decided to maintain its oil output cuts to support a tight supply situation amid …

  • Markets

    Oil Prices Plunge as OPEC+ Extends Output Cuts Amid Market Turmoil

    by Motoni Olodun October 4, 2023
    by Motoni Olodun October 4, 2023

    The OPEC+ group of oil-producing countries has decided to maintain its current output reduction strategy until the end of the year despite the global market rout that has sent oil …

  • In the News

    Oil Prices Fall as Economic Outlook Outweighs Tight Supply

    by Motoni Olodun September 26, 2023
    by Motoni Olodun September 26, 2023

    Oil prices dropped on Tuesday as fears of interest rates staying high for longer weighed on the global economic outlook, offsetting the impact of tight supply. Brent crude futures fell …

  • 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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