oil price

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…

2 years ago

Oil Price Soars to Seven-year High, Surges Near $87pb

•Supply constraint, fading COVID-19 fears drive up prices •Nigeria leads OPEC’s underperformance Oil prices traded within striking distance of its…

3 years ago

Oil prices fall to $81.88 on OPEC output increase

Crude oil prices fell to $81.88 as the Organisation of the Petroleum Exporting Countries and its allies agreed to continue…

3 years ago

W/Bank: Higher inflation ahead as oil price hits $86/barrel

The World Bank Group says a higher global inflation rate is ahead, noting the current oil price rise may continue…

3 years ago

Price of Nigeria’s brand of crude hits $80.70 per barrel

The price of Bonny Light, Nigeria's brand of crude oil, has risen to $80.73 per barrel, from $77.86, barely 24…

3 years ago

Oil rises to $76 as OPEC+ postpones production supply decision

Crude oil prices rose on Monday ahead of another meeting of the Organisation of the Petroleum Exporting Countries and allies…

3 years ago

Oil price raises Nigeria’s external reserves to $34.8bn

Nigeria’s external reserves rose by $404 million to $34.820 billion as of March 31, 2021. This, according to figures from…

4 years ago

Abuja fuel queues persist as oil hits $66 ahead of OPEC meeting

The price of crude oil (Brent) itched close to $66 a barrel at the close of business on Monday, the…

4 years ago

Hope for Nigeria’s economy as oil price hits $57

Crude oil prices have continued to rise, hitting $57 a barrel on Tuesday, the highest level in nearly 12 months.…

4 years ago

Oil prices hit $50/barrel, first time since March

Brent Crude price rose to $50.16/barrel at the close of trading on Thursday, showing a gain of over two per…

4 years ago