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oil prices

  • In the News

    Oil Prices Extend Losses as Strong Dollar Pressures Commodities Markets

    by Motoni Olodun June 24, 2024
    by Motoni Olodun June 24, 2024

    Oil prices dropped for the third straight session due to a strong U.S. dollar and global economic concerns. Brent crude fell to $72.45 per barrel, while WTI crude dropped to …

  • In the News

    Oil Prices Climb on US Crude Draw and Rate Cut Hopes, Geopolitical Tensions Linger

    by Victor Adetimilehin June 21, 2024
    by Victor Adetimilehin June 21, 2024

    Oil prices surged on Thursday, fueled by a surprise draw in US crude oil inventories and speculation of a potential interest rate cut by the Federal Reserve. However, geopolitical tensions …

  • In the News

    Oil Prices Surge Amid Escalating Global Tensions

    by Victor Adetimilehin June 19, 2024
    by Victor Adetimilehin June 19, 2024

    Amid escalating geopolitical tensions, oil prices surged due to concerns over potential disruptions in global oil supply chains, affecting market stability and price dynamics.

  • 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 …

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