Tag: oil prices

The International Monetary Fund (IMF) has revised its growth forecast for Angola in 2025, lowering it from an initial 3% to 2.4%, citing the dual impact of weakening global oil ...

Ghana’s local currency, the cedi, has shown a surprising level of appreciation in recent times—a trend that has sparked analysis and debate among financial experts. One such voice is Joe ...

As of 2:30 p.m. GMT on Wednesday, Brent Crude—the international benchmark—fell by 5.25%, trading at $59.46 per barrel.

At the time of writing, Brent crude was trading at $70.60 per barrel, while West Texas Intermediate (WTI) stood at $67.26 per barrel.  

“Expectations of progress in peace negotiations between Russia and Ukraine and a potential easing of U.S. sanctions on Russian oil pressured prices lower.”

Analysts attribute this increase to renewed fears of supply disruptions in the Middle East following the U.S. military intervention.

Andon Pavlov, an analyst at Kpler suggested that this surge in refined product shipments allows oil producers to bypass crude production limits

Brent crude futures rose by $1.18, or 1.70%, to $70.64 per barrel at 11:23 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed

The Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890 per litre.

Oil prices experienced a slight decline on Monday as market participants anticipated potential policy changes from President-elect Donald Trump. Analysts speculate that Trump may relax sanctions on Russia’s oil industry ...