oil prices

Oil Prices Rise as EU Sanctions Squeeze Russian Crude Supply 

Oil Prices Rise as EU Sanctions Squeeze Russian Crude Supply

Oil prices climbed on Friday due to the European Union’s latest sanctions on Russia, and rising fuel consumption, offsetting concerns… Read More

4 hours ago

Oil Prices Slip as Nigeria Hits OPEC’s 2025 Output Quota

Oil prices edged lower on Wednesday, pressured by signs of slowing global demand and increased crude supply from the Organization… Read More

2 days ago

Oil Prices Rise as UAE Increases Demand Amid Red Sea Attacks

Oil prices edged higher for a third consecutive session on Tuesday, buoyed by strong demand signals from the United Arab… Read More

1 week ago

Oil Prices Slide as Trump’s New Tariffs Fuel Demand Fears

Global oil prices retreated as markets reacted to OPEC+ supply increases and renewed trade tensions sparked by the United States.… Read More

1 week ago

IMF Warns of Nigeria’s Widening Fiscal Deficit Amid Falling Oil Prices in 2025

Nigeria’s economic reforms have revitalized investor sentiment, signaling a brighter outlook for Africa’s largest crude producer. However, declining oil prices… Read More

2 weeks ago

Oil Prices Steady as Market Eyes US Crude Stockpiles and OPEC+ Output Decision

Oil prices edged higher for a second consecutive day on Tuesday, with Brent crude trading above $67 per barrel and… Read More

2 weeks ago

Oil Prices Stabilize as OPEC+ Production Quota Decision Nears, Saudi Arabia Regains Market Share

Oil prices stabilized near their lowest levels since early June 2025, with Brent crude trading below $67 per barrel and… Read More

2 weeks ago

Oil Prices Rebound After Sharp Decline

Oil prices climbed on Wednesday, rebounding from a dramatic two-day plunge, the steepest since 2022, after a US-brokered ceasefire between… Read More

3 weeks ago

Oil Prices Plunge Over 13% After Iran’s Retaliatory Strikes in Qatar

Global crude prices, including West Texas Intermediate and Brent, plunged more than 13% as Iran’s measured response to U.S. strikes… Read More

4 weeks ago

Oil Prices Surge as Israel-Iran Conflict Intensifies

Oil prices rallied on Tuesday as escalating tensions between Israel and Iran stoked fears of potential disruptions to Middle East… Read More

1 month ago

Oil Prices Rose Sharply Amid Israel-Iran Conflict: Global Markets on Edge

Oil prices have surged dramatically following Israel’s unexpected strike on Iran, igniting fears of supply disruptions in the oil-rich Middle… Read More

1 month ago

Oil Prices Crash Below $60: Nigeria’s Economy Reels As FG Push for Diversification

Nigeria’s economy is facing a severe setback as Brent crude oil prices plummeted to $59.62 per barrel on Wednesday, a… Read More

3 months ago