Oil Climbs as Iran Talks Stall and Markets Wobble
Oil prices continued to rise on Tuesday as hopes of a quick agreement between the United States and Iran weakened, ...
Tag: Strait of Hormuz
ADNOC Tanker Attack Raises Fresh Hormuz Shipping Fears
The United Arab Emirates’ state-owned oil company, ADNOC, has confirmed that one of its vessels was attacked while passing through ...
Dangote Refinery Slashes Petrol and Diesel Prices as Global Oil Costs Drop
Nigeria’s fuel market is set for some relief after the Dangote Petroleum Refinery announced a fresh reduction in the prices ...
Brent Tops $90, Boosting Nigeria’s 2026 Budget Outlook
Brent crude settled at $90.12 a barrel on July 31, rising 1.2% on the day and capping a monthly gain ...
OPEC+ Agrees to Raise Oil Production by 188,000 Barrels Per Day from September
Saudi Arabia, Russia and five other major members of the OPEC+ alliance have agreed to increase oil production by 188,000 ...
Global Oil Crisis Exposes Africa’s Energy Weaknesses and Nigeria’s Need for Reform
The global energy market has faced serious challenges over the past five months due to tensions in the Middle East ...
Trump Ends Iran Ceasefire as Oil Surges 6%, European Stocks Slide
Global financial markets came under renewed pressure on Wednesday after U.S. President Donald Trump declared the interim ceasefire agreement with ...
UBS Lowers Global Oil Price Forecast as Supply Routes Recover Faster Than Expected
Global investment bank UBS has reduced its oil price forecasts for 2026 and 2027 after the quicker-than-expected recovery of oil ...
Citi Sees Brent Crude Falling to $60–65, Raising Fresh Concerns for Nigeria’s Fiscal Outlook
Citigroup has warned that Brent crude prices could decline to between $60 and $65 per barrel by the end of ...
Shell Predicts Strong Growth in Global LNG Demand Despite Market Challenges
Global energy company Shell has projected that demand for liquefied natural gas (LNG) will continue to grow steadily over the ...
