• Home
  • Crude oil prices

Tag: Crude oil prices

Fuel price hike linked to naira devaluation, says Rainoil CEO
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 […]

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 […]