Tag: oil prices

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. This price ...

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 ...

Uganda has announced plans to fully finance its ambitious $4 billion oil refinery project in the Hoima District through equity, marking a significant shift in strategy for the nation’s oil ...

Oslo-listed Shelf Drilling, a prominent player in the international offshore drilling sector, has announced the signing of a significant contract for its jack-up rig, Main Pass IV, to operate offshore ...

As tensions escalate in the Middle East, the Bank of England is closely observing the crisis, fearing that a deepening conflict between Iran and Israel could trigger a spike in ...

Oil futures reached a seven-week high on Thursday as new data indicated a cooling U.S. jobs market, enhancing hopes that the Federal Reserve might cut interest rates this year. Additionally, ...

Oil markets experienced a positive shift, with both Brent and West Texas Intermediate (WTI) crude oil prices showing gains, setting the stage for their first weekly increase in three weeks. ...

Oil prices surged on Thursday, 8th February, 2024, fuelled by developments in the ongoing Gaza conflict and a declining dollar. Brent crude futures saw an increase of 0.4%, reaching $79.56 ...

Oil prices experienced a more than 1% drop on Monday, primarily driven by significant price reductions from Saudi Arabia, the top oil exporter, and an uptick in OPEC output. Despite ...

Oil prices faced a downward spiral of approximately 1% on Thursday, November 23, 2023 amplifying losses triggered by the postponement of a crucial OPEC+ meeting. The decision to delay the ...