Nigeria’s Bonny Light crude surge has captured global attention as prices reach their highest weekly gain…
Tag: oil prices
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…
Oil Prices Increase After OPEC+ Extends Output Cuts
Oil prices increased slightly on Monday, March 4, following the widely expected extension of voluntary output…
Oil Prices Decline Amid Supply Concerns
The oil market saw a 1 per cent decline in prices in the Asian trading…