oil prices.
12 Jan
Oil prices surged four percent on Friday after US and UK forces launched strikes against Iran-backed Huthi rebels following their attacks on ships in the Red Sea, fuelling worries about a wider conflict in the crude-rich region.
13 Sep 2023
The Nigerian government might spend more to subsidise Premium Motor Spirit (PMS) as oil prices rose, yesterday, following predictions of tighter supply by the Organisation of Petroleum Exporting Countries (OPEC).
4 Jun 2023
There are growing signs that major oil producers led by Saudi Arabia and Russia are considering slashing production further when they meet on Sunday in a bid to prop up prices.
25 Apr 2023
In periods of oil prices hovering around $100 per barrel, Nigeria scoops approximately $200 million per day in revenues from the global oil market. Who are the major beneficiaries of these proceeds?
3 Apr 2023
Oil prices soared Monday after top producers unveiled a shock output cut of more than a million barrels per day, while equities mostly rose after data showed US and European inflation eased further last month.