Oil prices

Oil Prices Tumble Below $100 to Pre-Russia-Ukraine War Levels

Both major crude benchmarks shed more than $5 a barrel on Thursday.

2 years ago

Oil Prices Jump after EU Leaders Agree to Ban Russian Crude Imports By 90%

Oil prices jumped after EU leaders reached an agreement late Monday to ban 90% of Russian crude by the end…

2 years ago

Nigeria: Despite Oil Prices Rising Above $100 Per Barrel, Impact on Budget will Be Negligible, RenCap Says

A new report by Renaissance Capital (RenCap), a frontier market investment company, has stated that despite crude oil prices at…

3 years ago

Nigeria’s Fuel Subsidy: Surging Oil Prices Coupled with 100% Fuel Importation Threatens to Cripple Economy

As oil prices soar to record levels, many Nigerians, ordinarily, would expect that their country would be raking in billions…

3 years ago

Rising Oil Prices Worries Nigeria Government

Nigeria's federal government Wednesday expressed concern over the rising international prices of crude oil, saying the increase is not good…

3 years ago

Oil Prices Head for $100 as Bonny Light Sells for $95

Oil prices continued their surge on Saturday, sending one of Nigeria’s most valued grades, Bonny Light to $95 and Algeria’s…

3 years ago

Oil Soars to Seven-Year High, Surges Near $87

Oil prices traded within striking distance of its seven-year high at $86.71 per barrel on Monday on continuing supply constraints…

3 years ago

Oil Defies 2022 Surplus Forecast, Continues Bullish Run on Fading Virus Fears

Although still early in the year, oil prices has started off 2022 on a positive note, defying experts' prediction of…

3 years ago

Oil Prices Near $80 as Omicron Concerns Ease

  Oil prices rose over three per cent on Monday on hopes that the Omicron COVID-19 variant would have limited…

3 years ago

Oil Extends Rally, Brent Hits Near Three-Year High of $80

Oil prices extended their rally into the sixth session on Tuesday, with Brent crude hitting a near three-year high at…

3 years ago

Oil Prices Up to $75 Ahead of OPEC+ Decision on Supply Cuts

Oil prices edged higher on Thursday, supported by lower U.S. inventories, as investors waited for a decision from key producers…

3 years ago

Analysts Project $100 Supercycle for Oil Post-pandemic

A steady rise in oil prices since late last year could presage a new ‘supercycle’ in oil as the world…

4 years ago

Oil Prices Climb Past $63 as Deep Freeze Shuts US Oil Wells

Oil prices rose on Tuesday as a cold front shut wells and refineries in Texas, the biggest crude producing state…

4 years ago

IMF Projects 21% Rebound in Crude Oil Prices

Oil prices will average above $50 per barrel in 2021, a more than 21% rise from 2020's depressed level on…

4 years ago

Oil Prices Fall on Renewed Coronavirus Concerns as China Cases Mount

Oil prices fell on georMonday on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new…

4 years ago