Oil Price Rebounds To $66 Ahead Of OPEC Meeting       Oil price rose from its biggest slump since November 2020, ahead of a key meeting of the Organisation of Petroleum Exporting Countries (OPEC) that may see some supply returned to a fast-tightening market. US crude rose 2.2...

Nigeria’s Revenue Prospects Brighten As Oil Hits $67       The international oil benchmark, Brent crude, rose further on Wednesday to $67 per barrel, compared to Nigeria’s budget benchmark of $40 per barrel. For Nigeria, which relies on crude oil for about 50 per cent of government revenues...

Brent Hits $64 On Oil Supply Curtailment     Brent oil price jumped further yesterday, spurred by curtailed supplies in the southern United States (U.S.) state of Texas caused by extremely cold weather conditions. International benchmark Brent crude traded at $64.38 per barrel after closing Wednesday at $63.35...

Crude Oil Price Rises Above $61         The international oil benchmark, Brent crude, rose further on Tuesday, trading above $61 per barrel. Brent had hit the $60 per barrel mark on Monday for the first in more than a year. The further rise in oil prices comes amid...

Oil Price Hits $60, Highest In Over 12 Months         The international oil benchmark, Brent crude, extended its rebound on Monday, hitting the $60 per barrel mark for the first since the extent of the COVID-19 pandemic became clear. The further rise in oil prices comes amid...

OPEC+ Optimistic About Recovery As Oil Price Nears $59         The international oil benchmark, Brent crude, rose further on Wednesday, trading near $59 per barrel. Oil prices were boosted by a drawdown in the United States crude and petrol stocks that added to demand recovery hopes fueled...