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Tag: Brent crude

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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