Amid Middle East Tension, Brent Crude Price Hits Rooftop Brent crude price rose by 2.3 per cent to $79.18 per barrel on Friday amid tension in the Middle East. According to figures from oilprices.com, Brent was trading at $79.19 per barrel as of the earlier Friday...

Brent Crude Hits $92 Per Barrel   Oil price, on Friday, edged up to over $9o a barrel for the first time since November 2022. Brent crude, the global oil benchmark, increased by 1.69 percent to $92.23 a barrel, while US West Texas Intermediate jumped 2.02 percent...

Oil Prices Set For $105 On Global Demand Growth   Solid growth in global oil demand is set to drive oil prices to above $100 this year and Brent Crude could trade at $105 per barrel by the fourth quarter. Also, global oil demand is set to...

Oil Price Gains 2%, Rises To $85/Barrel   The global benchmark for crude oil, Brent Crude, has risen by 2.5 per cent and traded above $85 on Tuesday as a result of expectations that China might ease its COVID-19 restrictions. Oil market updates by oilprice.com showed that...

OPEC Decision On Oil Production Cut, Unanimous – FG   The Federal Government on Tuesday said the decision by the Organisation of Petroleum Exporting Countries (OPEC) to cut two million barrels of crude oil production was a unanimous one. It said the step was taken to stabilise...

Oil Prices Plunge To $95 On Prospect Of Iran’s Nuclear Deal   Oil prices plunged yesterday amid a considerable progression in restoring Iran’s 2015 nuclear deal with world powers. Brent crude futures, the global oil benchmark, fell $1.3 per cent to $95.31 a barrel. US West Texas Intermediate,...