Friday, April 26, 2024
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Tag "Brent Crude"

Oil price tumbles to $109 a barrel amid Biden’s push for petrol tax holiday

    Oil price tumbles to $109 a barrel amid Biden’s push for petrol tax holiday

Oil prices fell amid a push by President Joe Biden to bring down soaring fuel costs in the United States.  On Wednesday, Brent crude futures dropped 4.51 percent to $109.98

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OPEC: Nigeria’s oil output rose by 6% to 1.39m bpd in January

    OPEC: Nigeria’s oil output rose by 6% to 1.39m bpd in January

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s oil output increased by six percent to 1.39 million barrels per day (bpd) in January 2022. OPEC said this in its

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Oil price hits $88 a barrel — first time since 2014

    Oil price hits $88 a barrel — first time since 2014

Brent crude, global oil benchmark, rose to $88 a barrel on Tuesday, on tighter supply by Organisation of Petroleum Exporting Countries (OPEC) and its allies.  On Tuesday, Brent crude futures

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Oil price hits $80 per barrel as OPEC+ retains monthly output

    Oil price hits $80 per barrel as OPEC+ retains monthly output

Oil prices surge on Tuesday as Brent crude, global oil benchmark, surpassed $80 per barrel. At 16:00 GMT +1 on Tuesday, Brent crude climbed 1.09 percent to $80.07 a barrel

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Oil price hits $85 a barrel — first time in three years

  Oil price hits $85 a barrel — first time in three years

Brent oil, the global benchmark, has crossed the $85 mark — the highest level since October 2018 — in what

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Oil price hits 2-month high, trades at $77 a barrel

  Oil price hits 2-month high, trades at $77 a barrel

The price of Brent crude rose to the highest in two months amid supply constraints and a drop in crude

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Oil prices drop to one-week low amid declining output in China

  Oil prices drop to one-week low amid declining output in China

Crude oil prices dropped by a week low amid a decline in refining output in China and fresh outbreaks in

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Oil inches towards $80 after OPEC+ calls off output talks

  Oil inches towards $80 after OPEC+ calls off output talks

Oil prices continued an upward trend after talks collapsed among ministers from OPEC+ — consisting of the Organisation of the

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Demand optimism drives crude oil above $70

  Demand optimism drives crude oil above $70

Brent crude, the global oil benchmark, on Tuesday, topped $70 per barrel on the back of an improved demand outlook.

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Crude oil prices surge amid China’s growing energy demand

  Crude oil prices surge amid China’s growing energy demand

Oil prices jumped on Tuesday after increasing energy demand from China, world’s second-largest oil consumer. As at 11:06 am, the

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