Crude oil prices Archives

Oil prices slip as US delays decision on Israel-Iran conflict

Oil prices dipped on Friday after the White House postponed a decision on potential U.S. involvement in the Israel-Iran conflict, though they stayed on track for a third straight weekly gain. Brent crude futures dropped $2, or 2.5%, to $76.85 a barrel by 06:48 GMT, but remained poised for a weekly gain of over 3%, […]

monwubukepdnlimited-com
20th June 2025
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Oil and Gas

Oil prices slip amid trade war concerns, US-Iran nuclear talks

Oil prices fell as traders expressed concerns about the potential impact of the US-led trade war on energy demand, while also keeping an eye on ongoing talks between Washington and Tehran over Iran’s nuclear program. Brent crude dropped by as much as 2 per cent to below $67 a barrel, while West Texas Intermediate hovered […]

monwubukepdnlimited-com
21st April 2025
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Oil and Gas

Crude oil prices drop by $2.91 on Thursday

Oil prices dropped sharply on Thursday, with U.S. West Texas Intermediate falling $2.91 (4.2%) to $59.44 per barrel, and Brent crude dropping $2.77 (4.2%) to $62.71 per barrel. The decline erased the previous session’s gains as investor sentiment shifted due to uncertainty over a partial pause in U.S. tariffs and escalating trade tensions between the […]

monwubukepdnlimited-com
10th April 2025
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73 Views

Oil and Gas

US crude oil drops below $60/barrel, lowest since 2021

United States oil prices dropped below $60 a barrel on Sunday due to concerns that President Trump’s global tariffs could push the U.S. and possibly the world into a recession. Futures for West Texas Intermediate crude fell over 3 per cent to $59.78, following back-to-back 6% declines last week. This marks the lowest price for […]

monwubukepdnlimited-com
7th April 2025
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71 Views

Oil and Gas

Crude prices drop to $65, lowest since 2021

Oil prices dropped sharply to $65 per barrel this week after the United States imposed new import tariffs and an unexpected supply increase from OPEC+ flooded the market, wiping $10 off global benchmarks. This followed a brief rally last week when U.S. President Donald Trump announced tariffs on countries purchasing crude oil from Venezuela, tightening […]

monwubukepdnlimited-com
6th April 2025
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54 Views

Oil production: Angola, Libya overtake Nigeria, says OPEC

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Global crude exports fall amid trade route shifts

Global crude exports in 2024 dropped by 2%, marking the first decline since the COVID-19 pandemic, due to weak demand growth and shifts in refinery and pipeline routes. The ongoing wars in Ukraine and the Middle East have continued to disrupt global crude flows, causing tanker shipments to be rerouted and creating regional divisions between […]

monwubukepdnlimited-com
7th January 2025
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46 Views

News

Crude prices rise after Syrian president’s regime collapse

Oil prices rose on Monday amid heightened uncertainty in the Middle East following the fall of Syrian President Bashar al-Assad’s regime. Brent crude increased by 36 cents to $71.48 per barrel, while U.S. West Texas Intermediate crude gained 38 cents to $67.58 per barrel. However, the gains were limited by concerns over reduced demand for […]

monwubukepdnlimited-com
9th December 2024
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38 Views

News

Oil prices stable amid global conflicts

Oil remained mostly unchanged for a second day on Wednesday as data indicating increased United States crude reserves was countered by worries that the crisis in Ukraine may hamper Russia’s oil supply and indications of an increase in Chinese crude imports. Brent crude futures were up 11 cents to $73.42 per barrel early morning. The […]

monwubukepdnlimited-com
20th November 2024
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48 Views

News

Fuel price hike linked to naira devaluation, says Rainoil CEO

CEO of Rainoil Ltd, Dr. Gabriel Ogbeche, has asserted that the soaring fuel prices in Nigeria are largely influenced by the exchange rate rather than fluctuations in crude oil prices on the global market. He made this statement during an interview on Channels Television’s Business Morning program. Ogbeche noted that the federal government fully deregulated […]

aomenyepdnlimited-com
22nd October 2024
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41 Views

News

Oil prices stabilise amid Middle-East uncertainty

Oil prices steadied in Asian trading on Wednesday as traders balanced concerns over the ongoing Middle East conflict with persistent bearish market fundamentals. Brent crude futures increased by 11 cents, or 0.14%, reaching $77.29 a barrel by 0223 GMT. Meanwhile, U.S. West Texas Intermediate futures rose by 3 cents to $73.60 a barrel, according to […]

monwubukepdnlimited-com
9th October 2024
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54 Views

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Tag: Crude oil prices

Oil prices slip as US delays decision on Israel-Iran conflict

Oil prices slip amid trade war concerns, US-Iran nuclear talks

Crude oil prices drop by $2.91 on Thursday

US crude oil drops below $60/barrel, lowest since 2021

Crude prices drop to $65, lowest since 2021

Global crude exports fall amid trade route shifts

Crude prices rise after Syrian president’s regime collapse

Oil prices stable amid global conflicts

Fuel price hike linked to naira devaluation, says Rainoil CEO

Oil prices stabilise amid Middle-East uncertainty

FBI warns airline industry of ‘Scattered Spider’ cyber.

Google backs fusion power in landmark deal with.

Nigeria records 14,000 applications under new e-visa scheme

Sterling Holdings reports 102% 2024 profit, ₦43.68bn earnings

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