Browsing: oIL

Oil prices declined on Wednesday as signals of a ceasefire deadline extension eased supply concerns, after climbing above $101 on Tuesday on escalating tensions between the US and Iran.

Oil prices continue to search for direction on Tuesday as markets weigh expectations that planned US-Iran talks this week could boost supply against ongoing risks stemming from disruptions in the Strait of Hormuz.

Oil Dispute: Court Dismisses Suit against Petroleum Minister, Others The Federal High Court in Abuja on Monday dismissed a suit…

Oil Outlook Tightens, Prices Surge as U.S. Seizes Iran Vessel Reflecting lingering supply risk, oil prices rose on Monday after…

Oil Prices Decline on Trump Remarks on U.S.-Iran War Oil prices eased on Wednesday as negotiations between the US and…

The International Monetary Fund (IMF) on Tuesday said rising oil prices will provide some relief to Nigeria. The IMF, however, said that the relief would not be enough to shield the country from the broader impact of a global economic shock.

Oil prices slid in the global commodity market on Tuesday as optimism over US-Iran talks cooled supply fears, after rallying more than 8% on US President Donald Trump’s decision to impose a blockade on the Strait of Hormuz following failed weekend negotiations.

The prices of crude oil surged sharply on Monday amid heightened concerns about prolonged disruptions to global oil supply following US President Donald Trump’s statements on a blockade of the Strait of Hormuz.

What World Bank Oil Import Advice Means for Nigerians Oil imports will boost consumer power through enhanced competition and remove…

Oil prices fell by around 11% over the week as expectations of a ceasefire in the Middle East eased immediate supply concerns, although ongoing tensions kept markets volatile.