Tag: Brent

Oil and Gas

Brent crude hits $80.41 per barrel, highest since May 2023

Brent crude has reached a price of over $80.41 per barrel for the first time since May 20, 2023. According to Nairametrics, after examining crude oil prices on Wednesday, July 12, it was discovered that the benchmark Brent crude price had hit above $80 per barrel. As of 2:58 pm (GMT+1), Brent crude was 80.41 per barrel, while Bonny Light […]

Oil and Gas

Brent declines amid slow economy

US crude oil rose around 3% on Wednesday, closing the price gap with global benchmark Brent in a post-holiday reaction to production restrictions imposed by Saudi Arabia and Russia on Monday. According to Reuters, after increasing by $1.60 on Tuesday, Brent crude was down 64 cents, or 0.8%, at $75.61 a barrel by 0913 GMT. […]

Why oil theft estimates are unrealistic- Navy
Oil and Gas

Oil price rises as OPEC projects steady demand growth

Brent, the global benchmark for crude oil, rose marginally in price on Thursday, as the Organisation of Petroleum Exporting Countries projected that the demand growth for oil would continue this year. Industry figures showed that Brent moved up by $0.77 or 0.72 per cent to $107.57/barrel at about 7.13pm Nigerian time. It had traded around […]