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oil prices

  • In the NewsOil & Gas

    Oil Prices Surge Amid Iran Political Uncertainty

    by Motoni Olodun May 20, 2024
    by Motoni Olodun May 20, 2024

    Oil prices surged as uncertainty over Iran’s political future stirred concerns about potential disruptions in the global oil supply, driving up crude prices.

  • In the News

    Oil Prices Rebound on Bullish US Data, Weaker Dollar

    by Victor Adetimilehin May 16, 2024
    by Victor Adetimilehin May 16, 2024

    Oil prices rebounded on Wednesday, reversing course after earlier dipping to multi-month lows. The uptick follows positive economic data from the United States and a weaker dollar.

  • In the News

    Saudi Aramco Plows Ahead with Dividends Despite Profit Dip

    by Victor Adetimilehin May 8, 2024
    by Victor Adetimilehin May 8, 2024

    Saudi Aramco is maintaining its $31 billion dividend payout despite a decline in profits. This decision highlights the challenges and opportunities for the kingdom’s economic diversification plans, which include potential …

  • In the News

    Oil Prices on a Seesaw Ride: US Economy vs. Middle East Tensions

    by Victor Adetimilehin April 26, 2024
    by Victor Adetimilehin April 26, 2024

    Oil prices experienced a volatile swing on Thursday, initially dipping due to weak US economic data before rebounding on reassurances about the US economy’s strength and jitters surrounding the Israeli-Palestinian …

  • In the News

    Oil Prices Dip After Muted Iranian Attack, Strong US Data

    by Victor Adetimilehin April 16, 2024
    by Victor Adetimilehin April 16, 2024

    Oil prices fell on Monday after initial concerns about a wider conflict in the Middle East subsided. This followed Iran’s weekend attack on Israel proving less disruptive than anticipated.

  • In the News

    Wall Street Bets on Energy: Oil Boom Pushes Stocks Higher

    by Victor Adetimilehin April 15, 2024
    by Victor Adetimilehin April 15, 2024

    Energy stocks are surging on Wall Street, fueled by rising oil prices and a strong U.S. economy. Investors are seeking protection against inflation worries as they gear up for a …

  • In the News

    OPEC Predicts Strong Summer Oil Demand, Potential for Higher Prices

    by Victor Adetimilehin April 12, 2024
    by Victor Adetimilehin April 12, 2024

    The Organization of the Petroleum Exporting Countries (OPEC) is forecasting a robust summer for oil demand, driven by increased travel and economic growth. This prediction comes amidst a wider-than-usual range …

  • Energy TransitionIn the NewsOil & Gas

    Nigeria’s Potential Loss Looms as Oil Prices Near $100 Mark

    by Motoni Olodun April 10, 2024
    by Motoni Olodun April 10, 2024

    Nigeria faces the prospect of missing out on significant opportunities as oil prices soar towards the $100 mark, signaling potential windfalls for oil-producing nations. Despite being a major player in …

  • In the News

    US Drillers Downsize: Rig Count Falls for Third Week Straight

    by Victor Adetimilehin April 7, 2024
    by Victor Adetimilehin April 7, 2024

    US oil and gas producers are tapping the brakes on drilling activity. For the third week in a row, the rig count in the United States has dipped, according to …

  • In the News

    Oil Prices Spike on Supply Disruptions in Russia and Middle East

    by Victor Adetimilehin April 3, 2024
    by Victor Adetimilehin April 3, 2024

    Oil prices surged on Tuesday, April 2nd, 2024, driven by concerns over potential supply disruptions in Russia and the Middle East. The benchmark Brent crude futures contract reached its highest …

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Editors' Picks

Nigeria’s Oil Boom: Record Production in September 2023

Shell Greenlights $2 Billion Offshore Gas Project With Sunlink to Boost Nigeria LNG Supply
Algeria Inks $5.4 Billion Oil and Gas Pact With Saudi Arabia’s Midad Energy to Boost Production

Latest Stories

Shell Greenlights $2 Billion Offshore Gas Project With Sunlink...
Algeria Inks $5.4 Billion Oil and Gas Pact With...
Eskom Eyes Power Tariff Cuts After Posting First Profit...

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