crude oil price Archives

Oil prices surge Tuesday after fresh US strikes on Iran

Oil prices jumped again on Tuesday after fresh United States strikes against Iran that marked a new escalation in hostilities that has fuelled fears over their already fragile truce and the chances of another spike in inflation. However, tech firms enjoyed a much-needed reprieve after the latest bout of selling, although they only managed to […]

aadelekepdnlimited-com
14th July 2026
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featured Oil and Gas

Citi predicts brent crude could fall to $60/barrel by year-end

A new prediction by Citi suggesting that Brent crude prices could fall to $60 per barrel by the end of the year would mean increased challenges for Nigeria’s economic outlook. A substantial shortfall in anticipated revenues could widen Nigeria’s fiscal deficit, resulting in cuts to public spending with current production at this rate and oil […]

aadelekepdnlimited-com
4th July 2026
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featured Oil and Gas

Petrol remains costly despite $73/barrel crude oil price — Report

The price of petrol has remained high even as crude oil prices crashed to $73 per barrel on Wednesday, their lowest level since the US-Iran conflict began in February. According to http://Oilprice.com, crude oil fell from $76.75 per barrel on Tuesday to $73.50 on Wednesday, extending the decline in oil prices since the United States […]

aadelekepdnlimited-com
25th June 2026
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154 Views

Business

Oil prices fall as investors weigh prospects of Middle East de-escalation

Oil prices fell on Tuesday, reversing earlier modest gains as investors maintained cautious optimism over a potential end to the Middle East conflict. Brent crude futures for August dropped 1.57 per cent to $76.68 per barrel, while United States West Texas Intermediate futures for August declined 1.53 per cent to $72.73 per barrel. Oil prices […]

monwubukepdnlimited-com
23rd June 2026
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Oil and Gas

PETROAN urges marketers to reflect crude price drop

The Petroleum Products Retail Outlets Owners Association of Nigeria has urged refiners, depot owners and fuel importers to reflect the recent drop in global crude oil prices in ex-depot and pump prices of petroleum products. Vanguard reported that the National President of PETROAN, Mr Billy Gillis-Harry, made the call in a statement on Friday in […]

aadelekepdnlimited-com
20th June 2026
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featured Oil and Gas

Oil prices hit lowest since US-Iran war

Oil prices fell sharply on Thursday, dropping to their lowest levels since the outbreak of the US-Iran conflict, as an interim agreement between the United States and Iran improved prospects for global crude supply According to Reuters, Brent crude futures declined by $1.53, or 1.9 per cent, to $78.02 per barrel as of 1326 GMT, […]

aadelekepdnlimited-com
19th June 2026
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featured Oil and Gas

Oil prices slide below $80 on US-Iran peace hopes

Global oil prices extended their decline on Tuesday, falling to their lowest levels in about three months as investors reacted positively to expectations that the Strait of Hormuz could soon reopen following a peace agreement between the United States and Iran. Brent North Sea crude, the international benchmark for oil prices, dropped by 3.8 per […]

aadelekepdnlimited-com
16th June 2026
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111 Views

Oil and Gas

Oil prices fall as US-Iran deal reopens Hormuz Strait

Oil prices fell sharply on Monday while global equities rallied after the United States and Iran announced a deal to end their conflict and reopen the Strait of Hormuz, easing fears of supply disruptions. According to AFP, the two countries confirmed the agreement following a mediation effort by Pakistan, with a formal signing ceremony expected […]

aadelekepdnlimited-com
15th June 2026
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Business

Brent drops below $84 as Hormuz reopening plan calms markets

Oil prices fell to their lowest level since March on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister announced an initial agreement aimed at ending the conflict and restoring shipping through the Strait of Hormuz. Brent crude futures dropped $4.08, or 4.7 per cent, to $83.25 per barrel by 0415 GMT, while […]

monwubukepdnlimited-com
15th June 2026
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173 Views

featured Oil and Gas

Oil prices jump after US hit Iran military targets

Oil prices have jumped after the United States carried out new attacks on Iran, targeting a military site in Bandar Abbas, a strategic port city, according to BBC. The US Central Command said its forces also shot down four Iranian drones that posed a threat around the Strait of Hormuz. Global oil benchmark Brent rose […]

aadelekepdnlimited-com
28th May 2026
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141 Views

featured Oil and Gas

Oil prices surge above $105/b as Trump rejects Iran peace terms

Oil prices have risen sharply after President Donald Trump dismissed Iran’s response to United States proposals to end the war as “totally unacceptable.” International oil benchmark Brent rose by 4.1 per cent to $105.50 a barrel in Asian trade, while US-traded crude increased by 4.4 per cent to $99.80. The key Strait of Hormuz waterway […]

aadelekepdnlimited-com
11th May 2026
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219 Views

Oil and Gas

Crude falls to $98/barrel yet petrol prices stay high — Report

Crude oil prices including Nigeria’s Bonny Light has dropped significantly to $98 per barrel amid growing speculation that the United States-Iran war — a major factor driving the current market instability — may soon come to an end. But contrary to expectations pump prices in Nigeria remained high as marketers who had responded swiftly with […]

aadelekepdnlimited-com
8th May 2026
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241 Views

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Tag: crude oil price

Oil prices surge Tuesday after fresh US strikes on Iran

Citi predicts brent crude could fall to $60/barrel by year-end

Petrol remains costly despite $73/barrel crude oil price — Report

Oil prices fall as investors weigh prospects of Middle East de-escalation

PETROAN urges marketers to reflect crude price drop

Oil prices hit lowest since US-Iran war

Oil prices slide below $80 on US-Iran peace hopes

Oil prices fall as US-Iran deal reopens Hormuz Strait

Brent drops below $84 as Hormuz reopening plan calms markets

Oil prices jump after US hit Iran military targets

Oil prices surge above $105/b as Trump rejects Iran peace terms

Crude falls to $98/barrel yet petrol prices stay high — Report

NDLEA declares meth kingpin wanted, freezes ₦9.84bn in.

NGX dips as BUA Cement’s selloff offsets banking.

Tier-1 banks drive bullish momentum in stock exchange

BREAKING: Andy Burnham becomes Labour Party leader, set.

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