oil prices

KEY POINTS Global oil prices climbed on Friday as uncertainty over plans to reopen the Hormuz Strait intensified, with concerns growing that any reopening could involve restrictions, fees and conditions …

KEY POINTS Global oil prices jumped by more than 3% on Tuesday after renewed tensions between the United States and Iran stalled progress on a proposed peace deal, reigniting fears …

KEY POINTS Dangote Refinery has increased the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦1,275 to ₦1,350 per litre. The latest adjustment represents about a …

KEY POINTS Oil prices fluctuated sharply on Friday, ultimately closing mixed. Brent crude rose slightly to $105.33 per barrel, while U.S. West Texas Intermediate (WTI) fell to $94.40. Despite the …

KEY POINTS The Airline Operators of Nigeria (AON) has raised alarm over a dramatic spike in the cost of Jet A1 fuel, which surged from ₦900 per litre in late …

KEY POINTS Global oil prices rose by more than 1% on Thursday, recovering from earlier losses as traders grew increasingly doubtful that ongoing diplomatic efforts between the United States and …

KEY POINTS Oil prices climbed on Friday amid growing concerns over supply disruptions following attacks on energy facilities in Saudi Arabia and continued restrictions on shipping through the Strait of …

Oil prices climbed over 1% as Middle East tensions and supply disruption fears kept global markets on edge, with Brent crude topping $105 a barrel.

KEY POINTS Oil prices continued to rise as investors monitored the ongoing Gulf conflict, which has heightened fears of inflation and global economic slowdown. European markets and a major Wall …

KEY POINTS Oil prices jumped sharply on Monday as tensions intensified in the ongoing US-Israel war with Iran. Brent crude, the global benchmark, rose more than 3 percent to trade …