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Tag: Brent crude

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 […]

featured Oil and Gas

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 […]

featured

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 […]

featured

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 […]

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 Theft: Nigeria loses $150m every two days
Business

US oil prices drop amidst banking crises

Prices of oil in the United States declined on Tuesday due to the persistent banking crisis causing the oil market’s confidence to remain low. Reuters reported that Brent crude futures for May, 2023 delivery fell 1% or 71 cents to $73.08 per barrel, while U.S. West Texas Intermediate crude futures dropped 1.1% or 74 cents […]

Why oil theft estimates are unrealistic- Navy
Energy

Brent rises to $115 as EU considers Russia oil ban

Brent crude, the global oil benchmark, appreciated in price on Monday, moving up by 7.3 per cent or $7.88 to $115/barrel at 7.54pm Nigerian time as European Union nations considered joining the United States in a Russian oil embargo. Industry figures showed that the commodity has been gaining in price since about a week, as […]

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