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West Texas Intermediate

  • In the NewsMarketsOil & Gas

    Oil Holds Steady as Peace Talk Prospects Offset Fresh Sanctions Pressure

    by Oluwatosin Racheal Alabi November 27, 2025
    by Oluwatosin Racheal Alabi November 27, 2025

    Oil prices drifted sideways on Thursday, leaving traders to balance the faint promise of movement on peace talks between Russia and Ukraine against the drag of Western sanctions on Moscow’s …

  • In the News

    Bonny Light Holds at $66 as Optimism Builds Over Trump–Xi Trade Talks

    by Oluwatosin Racheal Alabi October 30, 2025
    by Oluwatosin Racheal Alabi October 30, 2025

    KEY POINTS Nigerian crude prices held firm on Wednesday as data showed that US oil and fuel inventories dropped more than expected, offering a fresh spark to global oil markets. …

  • MarketsOil & Gas

    Nigerian Crude Holds Steady at $67 as Trade Optimism Lifts Global Oil Markets

    by Oluwatosin Racheal Alabi October 13, 2025
    by Oluwatosin Racheal Alabi October 13, 2025

    KEY POINTS Nigeria’s Bonny Light crude held firm around $67 a barrel on Monday as a wave of renewed optimism swept through global oil markets, driven by hopes that the …

  • In the News

    Oil Surges Above $90 on Geopolitical Tensions and Supply Concerns

    by Victor Adetimilehin April 5, 2024
    by Victor Adetimilehin April 5, 2024

    Oil prices have been on a rollercoaster ride in recent months, and the latest surge above $90 a barrel is causing concern for consumers and businesses alike. This excerpt explores …

  • In the News

    Oil Prices Slide into Bear Market Amidst Supply Pressure on OPEC+

    by Victor Adetimilehin November 17, 2023
    by Victor Adetimilehin November 17, 2023

    Oil prices experienced a resurgence as market sentiment suggested OPEC and its partners are poised to counter the recent sharp decline in prices. West Texas Intermediate (WTI) saw a 4% …

  • In the News

    Oil Prices Set to Slide as Israel-Hamas Conflict Remains Contained

    by Victor Adetimilehin November 3, 2023
    by Victor Adetimilehin November 3, 2023

    Oil prices are poised for a second consecutive weekly decline as the Israel-Hamas conflict shows no signs of escalation, and concerns emerge on the demand front. Global benchmark Brent has …

  • 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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Editors' Picks

Nigeria’s Oil Boom: Record Production in September 2023

Eskom’s Recovery Bolsters Namibia’s Power Security as New Supply Deal Takes Effect
Nigeria Opens 2025 Oil Licensing Round as NUPRC Pushes Digital Bidding to Lure Global Investors

Latest Stories

Eskom’s Recovery Bolsters Namibia’s Power Security as New Supply...
Nigeria Opens 2025 Oil Licensing Round as NUPRC Pushes...
Appeal Court Halts Moves to Disrupt FBNQuest’s Bid to...

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© 2025 Energy News Africa Plus. All Rights Reserved.