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Oil Prices Drop Over US$2 Amid Potential Middle East Peace Deal

Oil prices fell sharply on Monday, with both Brent and US West Texas Intermediate (WTI) crude sliding over 2%

Amid Middle East Tension, Brent Crude Price Hits Rooftop

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...

Nigeria, Middle East Trade Volume Now $19.3bn

Nigeria, Middle East Trade Volume Now $19.3bn         The bilateral trade volume between Nigeria and the Middle East reached $19.3 billion in 2019 while Nigeria’s export to China was about $2billion in the form of mineral oils and fuels, oil seeds, plastics, rubber, animal products, shipping...

Oil Prices Rise To $59 As US Inventories Fall

Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies. Brent crude futures, the international benchmark for oil prices, were at 58.27 dollars at 0131 GMT, up 39 cents, or 0.7 per...