Brent crude oil prices stayed close to $66 per barrel on Monday, continuing the sharp fall recorded last week. The drop in price followed fresh news that United States President …
BRENT CRUDE
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AfricaEconomyEnergyGlobal PoliticsOil & GasTrade
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EconomyEnergyMarketsPoliticsSouth Africa
Global Shock as US Bombs Iran Nuclear Sites — Oil Prices, Inflation and Markets on Edge
The United States’ surprise decision to bomb nuclear enrichment facilities in Iran over the weekend has dramatically escalated tensions in the Middle East, triggering global market turmoil and raising alarm …
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BusinessEconomyEnergyMarketsOil & GasPolitics
Fuel Price May Hit N1,000/Litre as Global Oil Prices Climb Amid US-Iran Tensions
Petrol prices in Nigeria could rise as high as N1,000 per litre in the coming weeks, as global crude oil markets respond to escalating geopolitical tensions in the Middle East, …
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AFRICA NEWSBusinessEconomyEnergyGlobal NewsInternational RelationsNewsNigeriaOil & Gas
OPEC cuts global oil demand growth forecasts over US tariffs
The Organisation of the Petroleum Exporting Countries (OPEC) has slightly reduced its earlier forecast for global oil demand in 2025. According to its Monthly Oil Market Report released on Monday, …
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EconomyFinance & ServicesGOVERNMENTInternational RelationsOil & Gas
Nigeria’s Crude Oil Output Drops Again As Prices Fall, Budget Under Threat
Nigeria’s daily crude oil production has dropped again in March 2025, raising more concerns about the country’s ability to meet its budget plans for the year. This is coming at …
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EconomyEnergyFinance & ServicesNigeriaOil & GasWestern Africa
Oil Price Falls by $10, Puts Pressure on Nigeria’s Economy
Nigeria’s economy has been hit with a fresh challenge as the price of crude oil dropped by $10 per barrel, raising concerns about the country’s financial stability and budget performance. …
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AfricaAFRICA NEWSALGERIANorth AfricaNorthern Africa
As Algerian oil is verging on $100: Economic growth to speed up the pace
by Editorby EditorGrowth in Algeria is expected to accelerate further in 2024, at a sustained pace over the past two years, reflecting not only the current rise in oil prices but also …
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The Organisation of Petroleum Exporting Countries(OPEC)+ will consider an oil output cut of more than a million barrels per day (bpd) when it meets tomorrow for the first time in …
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AfricaAFRICA NEWSAgricultureBusinessFood ProductionGhanaNewsOil & GasWestern Africa
Bank Of Ghana forecasts supply deficit for cocoa market in 2021/22 crop season
The Bank of Ghana is forecasting a supply deficit for the cocoa market in the ongoing 2021/22 season with cocoa prices forecast to average about $2,450 in 2022, before increasing …