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Oil and Gas
Crude Oil Prices Mixed, Brent Rises 0.5% in 5-Day, WTI Dips Oil prices closed mixed on Friday as US President Donald Trump ruled out…
NNPC Signs MoU for Restart, Expansion of Warri, PH Refineries The Nigerian National Petroleum Company…
Crude oil prices edged higher during trading hours on Tuesday as rising US-Iran tensions in the Strait of Hormuz fueled market uncertainty.
PETAN Urges Nigeria Oil Push Amid OPEC Uncertainty The Petroleum Technology Association of Nigeria (PETAN)…
The global oil market saw another double-digit price surge week on week amid worsening energy crisis conditions. Prices spiked amidst efforts to resolve the Iran war, with Tehran continuing to block the Strait of Hormuz.
Oil prices soared following reports that the US is preparing for an extended blockade of Iran. US crude rose 7.6% to $107.52 a barrel on Wednesday, and Brent rose to $ 119.54 per barrel, up 7.44%.
Reflecting an uncertain outlook, oil prices rose on Wednesday, driven by expectations that ongoing uncertainty in the Strait of Hormuz could further tighten global supply.