Global oil prices surged on Tuesday, January 13, as markets reacted to the escalating drone strikes at…
Tag: oil prices
Oil Slips as Weak US Demand Weighs on Markets
Oil prices appear poised to decline for the week. Weak demand signals in the United States,…
Nigeria Misses OPEC Oil Target for Third Consecutive Month
Nigeria has again missed its crude oil target set by the Organisation of Petroleum Exporting Countries…
Oil Majors Double Down on Crude Demand Despite Global Glut
Major international oil companies are once again placing significant bets on the demand for crude oil.…
Bonny Crude Gains 8.2% as Sanctions on Russia Disrupt Global Supply
Nigeria’s Bonny Light crude surge has captured global attention as prices reach their highest weekly gain…
Oil Prices Hold Steady Amid Output Concerns
Oil prices in a tight range reflected market uncertainty on Monday. Traders weighed rising output and…
Why Oil Supplies Remain Tight Despite Major OPEC+ Output Increases
OPEC+ oil producers have used high summer demand to launch their first output increases in three…
Nigeria’s Crude Prices Surge Above $77 Amid Middle East Tensions
Nigeria’s major crude oil grades, Bonny Light, Brass River, and Qua Iboe, rose above $77 per…
Africa Oil Doubles Output, Boosts Profit with $25mn Dividend Payout
Africa Oil Corp posted strong first-quarter results for 2025, with net income rising to $50.9 million…
Oil Prices Goes Up as US-China Talks Resume, EIA Lowers Forecast
Oil prices climbed on Wednesday, May 7, as traders reacted to renewed US-China trade talks and…