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Tag "oil prices"

Oil price falls to $87 a barrel — first time in 9 months

    Oil price falls to $87 a barrel — first time in 9 months

Oil prices fell on Friday amid demand fears fuelled by rising interest rates and a stronger dollar.  Brent crude, global oil benchmark, fell 3.10 percent to $87.81 a barrel at

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Brent crude falls below $90 a barrel — the lowest in 7 months

    Brent crude falls below $90 a barrel — the lowest in 7 months

Brent crude, the global benchmark, plunged 3.16 percent to $89.67 a barrel on Wednesday amid imminent recession across western countries.  The new price is the lowest since January 23, 2022.

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Brent crude tops $95 a barrel ahead of OPEC+ meeting

    Brent crude tops $95 a barrel ahead of OPEC+ meeting

Oil prices climbed 2 percent on Friday on expectations that the Organisation of Petroleum Exporting Countries and its allies, called (OPEC+), will cut production. At 9.40 GMT+1, Brent crude climbed

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Oil prices fall below $95 a barrel amid fears of global recession

    Oil prices fall below $95 a barrel amid fears of global recession

Oil prices fell on Tuesday as weak economic data from China, a top crude importer, renewed fears of a global recession. Brent crude futures fell 1.6 percent to $93.50 a

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Oil price falls to $95 a barrel over plans to restore Iran nuclear deal

  Oil price falls to $95 a barrel over plans to restore Iran nuclear deal

Oil prices plunged on Tuesday amid a considerable progression in restoring Iran’s 2015 nuclear deal with world powers.  Brent crude

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INSIGHT: Frustration, civil unrest on the rise across the world as food, fuel prices keep soaring

  INSIGHT: Frustration, civil unrest on the rise across the world as food, fuel prices keep soaring

The Russia-Ukraine crisis is producing alarming cascading effects on the world economy already battered by COVID-19 — resulting in rising

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EXCLUSIVE: Petrol subsidy payments gulped N1.27trn in five months

  EXCLUSIVE: Petrol subsidy payments gulped N1.27trn in five months

For the fifth time in 2022, the Nigerian National Petroleum Company (NNPC) Limited failed to remit revenue to the federation

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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. 

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Oil price falls to $120 a barrel amid high COVID-19 cases in China’s capital

  Oil price falls to $120 a barrel amid high COVID-19 cases in China’s capital

Global oil prices fell on Monday amid a rise in COVID-19 cases in Beijing, dasing hopes for a swift pick-up

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Oil price hits $115 a barrel — highest in seven weeks

  Oil price hits $115 a barrel — highest in seven weeks

Oil prices rose on Tuesday amid an ongoing push by the European Union for the Russian oil imports ban.  Brent

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