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Tag: Brent crude

Crude oil
Oil and Gas

Brent crude surges past $70 after Trump’s Iran threat

Brent crude oil topped $70 a barrel Thursday for the first time since September as United States President Donald Trump ramped up geopolitical tensions by threatening military strikes on Iran. In London morning deals the Brent North Sea crude contract, an international benchmark, jumped 2.4 per cent to $70.06 a barrel. The US benchmark West […]

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Nigeria’s crude oil exports to fall 14% in March – Report

Nigeria’s crude oil exports are expected to drop by around 14 per cent in March, with planned shipments for four major grades falling to approximately 793,000 barrels per day. The estimate is drawn from preliminary crude loading schedules reported by Reuters. The data underscore persistent volatility in Nigeria’s export flows, even as the country continues […]

Oil and Gas

Brent crude rises to $83 per barrel

The price of a barrel of Brent crude reached $83 for the first time since April 25th, as the Organisation of Petroleum Exporting Countries meets today. According to a review of global oil prices, Brent crude was trading at $83.60 at 7:47 a.m. GMT+1 on Thursday, November 30. Crude producers are preparing for the OPEC meeting which was […]

Oil and Gas

Brent crude drops to $78 after OPEC meeting postponement

A barrel of Brent crude dropped to $78 after the Organisation of Petroleum Exporting Countries declared on Wednesday, November 22, that the oil producer conference originally slated for November 26 had been rescheduled for November 30. The Times reported that following the announcement, the price of Brent crude fell to $78 per barrel; as of 3:40 […]

Oil and Gas

Crude price drops to $84 per barrel 

Brent crude’s price was $84.21 a barrel at 6:17 AM on Friday, October 6, according to an early analysis of oil prices. Reuters reported that even though oil prices rose on Friday, they appeared to be headed for their biggest weekly decrease since March. This increase was accompanied by worries brought on by a sell-off in the […]

Oil and Gas

Brent oil trades at over $94 per barrel – Report

Brent oil’s price stayed steady at $94.30 per barrel on Monday, September 18, at 5:14 AM (GMT+1), according to an analysis of the global petroleum market’s movements using data from Oil Price. The Times reported that Brent’s price fluctuated over the previous weekend between $93 and $94 per barrel, illuminating a minor market movement. There […]

Oil and Gas

Crude oil price hits $94 per barrel

Brent crude soared to $94 per barrel late on Thursday, September 14, according to a survey of world crude prices on Oil Price. This increase was caused by mounting concerns over the availability of crude. The Times reported that the impact of oil production cuts in Saudi Arabia and Russia, which have contributed to the recent […]

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Brent crude sells above $88/barrel, highest since Jan

Brent crude oil was trading at a phenomenal price of more than $88 per barrel early on Saturday, September 2, 2023. This is the highest point crude oil prices have reached since January 2023, according to a detailed analysis of pricing movements. Notably, on September 1, Reuters published a report indicating a strong week-over-week increase […]

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Marketers predict fuel hike as crude hits $84/barrel

Brent, the international benchmark for crude oil, hit a high of $84 a barrel on Wednesday, fueling concern that Nigeria’s pump price of Premium Motor Spirit, also known as petrol, will rise again in the coming weeks. According to The Punch, crude oil prices, which are a key factor in determining the cost of refined […]

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Crude oil hits $84 per barrel – Report

Brent, the international benchmark for crude oil, hit a high of $84 a barrel on Wednesday, fueling concern that Nigeria’s pump price of Premium Motor Spirit, also known as petrol, will rise again in the coming weeks. According to The Punch, crude oil prices, which are a key factor in determining the cost of refined […]

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