Business

Middle East crisis threatens Nigeria’s manufacturing sector, MAN

  • 29th March 2026
Do these seven things if your phone is hacked

No iPhone hacked with Lockdown feature turned on

  • 28th March 2026

Lagos ranked first in Nigeria’s ease of doing

  • 28th March 2026

Dangote Refinery denies announcing stock market listing plans

  • 28th March 2026

Contact Info

Some Populer Post

Middle East crisis threatens Nigeria’s manufacturing sector, MAN warns

Business featured

Bank of America to settle Epstein sex trafficking suit

featured Scams

Nigeria missing as Namibia tops Africa’s 2026 quality of

featured Life Style
Do these seven things if your phone is hacked

No iPhone hacked with Lockdown feature turned on –

Business Tech
  • Home
  • crude oil price

Tag: crude oil price

OPEC+ lacks capacity to raise oil prices, says expert
featured Oil and Gas

OPEC+ supply increase plans crash oil prices globally

The global oil market is currently experiencing shock from an anticipated supply hike by the Organisation of Petroleum Exporting Countries, leading to oil prices edging lower on Thursday for the fourth consecutive day. Brent crude hit its lowest price since early June due to mounting concerns about oversupply in the market. Three sources familiar with […]

featured Oil and Gas

Nigeria’s crude oil output drops to six-month low

Global oil prices have rebounded sharply, with Brent crude climbing back above $70 per barrel due to geopolitical tensions and supply uncertainties in energy markets. For Nigeria, Africa’s top oil producer, this rally presents both opportunities and risks as the country seeks to stabilize its finances and attract investment into its energy sector. Russia’s decision […]

Business

Oil prices surge as Israel intensify strikes on Iran

Crude oil futures rose sharply on Thursday after Israeli Prime Minister Benjamin Netanyahu ordered intensified military strikes against Iran. As of 9:38 a.m., United States crude was up $1.36 (1.81%) at $76.50 per barrel, while Brent crude climbed $1.10 (1.43%) to $77.80. Prices have surged over 11% in the past week as Israel escalates attacks […]

featured

Oil prices surge by 13% after Israeli strikes on Iran

Crude futures spiked as much as 13 per cent Thursday evening after Israel launched airstrikes on Iran without United States backing, raising fears of supply disruptions in the oil-rich Middle East As of 07:17 a.m. London time, global benchmark Brent crude for August delivery had surged 7.05 per cent to $74.25 per barrel, while U.S. […]

News

Oil prices fall by over $3

Oil prices fell by more than $3 a barrel on Monday following Israel’s retaliatory strikes against Iran over the weekend, which did not target Tehran’s oil and nuclear facilities and thus did not disrupt energy supplies. This development eased geopolitical tensions in the Middle East. Both Brent and U.S. West Texas Intermediate crude futures opened […]

Oil and Gas

Oil nears $80 mark amid Middle East tensions

Oil prices continued their upward trajectory on Monday, with Brent crude nearing the $80 mark as concerns over a potential escalation of conflict in the Middle East fueled fears of disruptions to exports from this critical oil-producing region. Brent crude futures had increased by $1.09, or 1.4%, reaching $79.14 a barrel by earlier today, according […]

Oil and Gas

Nigerian crude dips to $86.5 per barrel as global demand weakens

Nigeria’s crude oil prices experienced a slight dip to $86.53 per barrel, while maintaining their premium status amidst increasing global petroleum and fuel stocks. Specifically, Brass River and Qua Iboe benchmarks saw a decline of 59 basis points, settling at $86.53 per barrel. This decrease was observed late Tuesday, coinciding with Brent Crude trading at […]

Global stock markets find balance amid European equities
News

Global stock markets find balance amid European equities

Global stock markets maintained a sense of equilibrium, with European equities showing resilience, particularly in response to Italy’s decision to allay concerns about a proposed bank profit tax. Meanwhile, the dollar experienced a slight decline as new economic data highlighted shifts in the Chinese economy. As Wall Street opened to mixed sentiments, the Nasdaq and […]

Petrol imports from Russia records 84% increase - Report
Economy

FX trade, crude oil price account for 80% of petrol price — IPMAN

The Independent Petroleum Marketers Association of Nigeria have explained that the international price of crude oil and the exchange rate constitute the largest components of the cost build-up for PMS, accounting for over 80 per cent.   The PUNCH reported that the Secretary, IPMAN, Abuja-Suleja, Mohammed Shuaibu, said, “The rise in crude oil price and […]

Economy

Oil export: Nigeria’s Q3 foreign trade drops to N11.6trn

Nigeria recorded a total foreign trade of N11.59 trillion in the third quarter of 2022, representing a 9.7% decline compared to N12.84 trillion recorded in Q2 2022.   The National Bureau of Statistics’ newly published foreign trade report contained these information.   While this statistics reveals a decline from quarter to quarter, it is, however, […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in