Browsing: oIL

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.

Oil Prices Edge Higher as Ships Stuck in Waterway Oil prices edged higher on Thursday as shipping disruptions in the…

Oil Prices Climb Ahead of Deadline to Reopen Hormuz Oil prices edged higher on Tuesday but remained volatile, as markets…

Brent Price Hovers Around $110 on US-Iran Ceasefire Move Brent crude price hovered around $110 per barrel on Monday as…

Reversing trend, US West Texas Intermediate crude grade surpassed Brent prices as the oil supply outlook worsened due to the escalating Middle East conflict.

Oil prices surged by about 7% in the global commodity market on Thursday as escalating tensions between the United States and Iran stoked concerns of potential supply disruptions in the Middle East.