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oil prices

  • Oil & Gas

    Oil Prices Soar After U.S. Naval Clash with Houthis

    by Victor Adetimilehin January 2, 2024
    by Victor Adetimilehin January 2, 2024

    Oil prices jumped 1% on Tuesday, starting the New Year higher as a Red Sea naval clash focused attention on potential Middle East supply disruptions and expectations of Chinese economic …

  • In the News

    Oil Prices Surge as Russia Cuts Exports, Houthi Attacks Threaten Supply

    by Victor Adetimilehin December 18, 2023
    by Victor Adetimilehin December 18, 2023

    The price of oil has risen over 1% in Asian trade on Monday, supported by lower exports from Russia and as attacks by the Houthi rebels on ships in the …

  • In the News

    Oil Prices in 2024: What to Expect from the Volatile Market

    by Victor Adetimilehin December 14, 2023
    by Victor Adetimilehin December 14, 2023

    The global oil market has been on a roller coaster ride in the past few years, with prices surging and plunging due to geopolitical events, supply disruptions, demand shocks and …

  • In the News

    Oil Prices Tumble as Demand Slumps and Supply Surges

    by Victor Adetimilehin December 13, 2023
    by Victor Adetimilehin December 13, 2023

    Oil prices plunged to their lowest levels in six months on Tuesday, as investors worried about the outlook for the global energy market. The Brent crude oil price, the international …

  • In the News

    Houthis Strike Tanker with Missile, Oil Prices Drop

    by Victor Adetimilehin December 12, 2023
    by Victor Adetimilehin December 12, 2023

    Oil prices fell on Tuesday, reversing earlier gains, as worries about excess supply and sluggish demand growth overshadowed rising security risks in the Middle East after a missile attack by …

  • In the News

    US Buys Oil to Boost Reserves as Prices Plunge

    by Victor Adetimilehin December 11, 2023
    by Victor Adetimilehin December 11, 2023

    Oil prices remained steady on Monday as the United States announced plans to buy up to 3 million barrels of crude for its Strategic Petroleum Reserve (SPR) in March 2024. …

  • In the News

    Oil Prices Rebound After Saudi-Russia Call for More Output Cuts

    by Victor Adetimilehin December 8, 2023
    by Victor Adetimilehin December 8, 2023

    Oil prices recovered some ground on Friday after a seven-week losing streak, as Saudi Arabia and Russia, the world’s two biggest oil exporters, called for more OPEC+ members to join …

  • Oil & Gas

    Oil Prices Plunge as OPEC+ Cuts Fail to Impress Markets

    by Victor Adetimilehin December 4, 2023
    by Victor Adetimilehin December 4, 2023

    The latest decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, to reduce oil output by an additional one million barrels per day …

  • In the News

    OPEC+ Resolves Oil Quota Dispute with African Members

    by Motoni Olodun November 26, 2023
    by Motoni Olodun November 26, 2023

    The Organization of Petroleum Exporting Countries and its allies (OPEC+) have reached a deal to resolve a dispute over oil output quotas that had delayed their policy meeting. The group …

  • Energy Transition

    OPEC+ May Deepen Cuts as Oil Prices Slide

    by Victor Adetimilehin November 21, 2023
    by Victor Adetimilehin November 21, 2023

    The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, are set to meet this weekend to discuss the possibility of further reducing oil production amid a …

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Nigeria’s Oil Boom: Record Production in September 2023

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Anambra Faces Fuel Crisis as IPMAN Demand N900 Million...
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