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Tag: Brent crude

Oil and Gas

Brent crude nears $107/barrel as Houthi attacks hit Saudi Arabia

Brent crude climbed to almost $107 per barrel on Monday after Yemen’s Iran-backed Houthi movement carried out strikes on Saudi Arabia, deepening concerns over tight global supplies as the northern hemisphere heads into winter. Investors were further unsettled by doubts over United States President Donald Trump’s claim of an “energy ceasefire” between Ukraine and Russia, […]

Economy

Brent crude price falls, pounds rises amid US-Iran talks, Starmer’s resignation

Oil prices fell Monday on optimism over talks by the United States and Iran after mediators flagged a “roadmap” to a final agreement, while major stock markets traded mixed. The British pound and the London stock market firmed, while the UK’s benchmark 10-year bond dipped, after Britain’s embattled Prime Minister Keir Starmer announced his widely […]

Business

Brent crude falls on US-Iran 60-day nuclear roadmap deal

Brent crude futures declined on Monday after Qatar and Pakistan, acting as mediators, announced that U.S. and Iranian officials had agreed on a roadmap toward a potential final nuclear deal within 60 days. In a joint statement issued after talks at Switzerland’s Bürgenstock resort, the mediators said both sides would continue technical negotiations throughout the […]

Oil and Gas

Brent crude hits $114.13 amid escalating Middle East tensions

The price of Brent crude futures rose to $114.13 per barrel on Thursday after strikes on key energy infrastructure in the Middle East heightened concerns over a potential global supply squeeze. Qatar said on Wednesday that Iranian missile strikes had damaged a major liquefied natural gas export facility. The attack followed Tehran’s warning that it […]

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 […]

Business

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 […]

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