Brent crude surged to $87.92 per barrel following reports that crude oil output dipped in key OPEC members Nigeria and Iraq. The rise in Brent’s price...
Oil prices rallied on Monday on expectations of tighter supply from OPEC+ cuts, disruptions in Russian refineries due to drone attacks, and optimistic Chinese manufacturing data...
In the wake of stringent sanctions imposed on Russian and Venezuelan oil, the United States has seized the opportunity to assert its dominance in global energy...
Amidst growing concerns over surging U.S. stockpiles and indications of static output policies from major oil-producing nations, oil prices declined for a second consecutive day by...
Amid escalating geopolitical tensions following the devastating terrorist attacks in Moscow, global oil markets rose with Brent crude oil hitting a $86 price level. The tragic...
Indian refiners have taken a bold stance by refusing to accept Russian crude oil carried on PJSC Sovcomflot tankers, citing stringent US sanctions. This decision marks...
Oil prices rebounded on Thursday despite signals from the U.S. Federal Reserve indicating a potential prolongation of higher interest rates. Brent crude oil, against which Nigeria...
Nigeria’s imports surged to N35.8 trillion in 2023, according to the National Bureau of Statistics (NBS). However, amidst this import boom, the country’s exports were largely...
Oil prices surged on Monday during the Asian trading session as concerns over global supply intensified amidst ongoing attacks on Russian energy infrastructure. Brent crude oil,...
Oil prices skyrocketed following the International Energy Agency’s (IEA) adjustments to its demand and supply forecasts. The IEA’s latest report, released Thursday, sent shockwaves through financial...
