Home Topics Brent Crude

Brent Crude

Oil climbs to approximately $80 with equities, supply disruptions persist

Oil rose on Tuesday, supported by gains in equities and supply concerns in Norway and Libya.

Oil rises even as Donald Trump demands OPEC cut prices

Oil traded near its highest in three and half years on Thursday, boosted by potential disruptions to flows from Iran and the Middle East as U. S. President Donald Trump says OPEC should cut prices.

Oil prices rise as OPEC meets

Oil prices rose more than 1 percent on Friday as OPEC struggled to agree a deal to increase output to compensate for losses in production at a time of rising global demand.

OPEC sees ‘considerable uncertainty’ in oil market

After months of sharp oil price rises there is now considerable uncertainty as to the market’s direction for the rest of the year, OPEC said on Tuesday as a key meeting of oil producers looms.

Oil rises on expected stockpile drop

Oil prices rebounded, on Tuesday, on expectations that inventories in the United States may decline, and that OPEC may raise output continue to weigh on sentiment.

European stocks bounce on Italy deal, Spanish prime minister exit

European stock markets rallied on Friday after Italy reached a new coalition deal, with investors brushing aside trade war fears as they awaited key US jobs data.

Euro suffers fresh losses in Asia as Italy faces political crisis

The euro extended losses in Asian trade Tuesday as political uncertainty in Italy stoked fresh fears about the eurozone.

OPEC, Russia mull easing supply limits to rebalance oil market

Member countries of the Organisation of Petroleum Exporting Countries (OPEC) and their major ally, the Russian Federation are considering relaxing the 2017 limits they imposed on their oil production levels to rebalance the oil market, and increase their output in the market to about 1 million barrels per day (bpd).

Foreign reserves decline for the first time in eight months

Data made available by the Central Bank of Nigeria show that the nation’s foreign reserves dropped by $72 million between Thursday, May 10 and Monday, May 14.

NNPC issues two-year crude oil contracts

The Nigeria National Petroleum Corporation (NNPC) said it has issued crude export contracts that are expected to last two years instead of the usual one year.

Oil price nears $80 per barrel

Oil prices steadied below 3-1/2 year highs on Monday as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while rising U.S. drilling pointed to higher North American production.

Oil prices reach highest level since 2014

U.S. oil prices rose above $70 a barrel on Monday for the first time since November 2014 and Brent crude climbed to fresh highs, buoyed as a deepening economic crisis in Venezuela threatened the country’s already tumbling oil supply.

Oil price rises above $75 per barrel

International oil benchmark, Brent crude, on Monday hit $75 per barrel and rose further amid growing geopolitical tensions in the world.

Oil prices soar over fears of US strike on Syria

Oil prices have soared to their highest level since December 2014 amid the possibility of the US carrying out air strikes against Syria.

Middle East tensions, Venezuela concerns boosts oil price

Oil prices rose to their highest level in three weeks on Tuesday as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset United States crude production.

Oil price hits three-week high as glut drops

Global oil benchmark, Brent crude, rose to its highest level so far this month on Tuesday, as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset the negative impact of growing United States’ crude production.

Oil prices jump, Brent hits approximately $70

Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as U.S. stock prices rose.

CBN: Nigeria’s external reserves hit $46 billion

The Central Bank of Nigeria (CBN) on Sunday disclosed that the nation’s external reserves currently stands at $46 billion, saying the figures are steadily heading towards the $50 billion mark.

Recent Stories

Jurgen Klopp: Mesut Ozil, Ilkay Gundogan critics should ‘shut up’

Jurgen Klopp has described criticism of Mesut Ozil and Ilkay Gundogan as "absolute nonsense" amid the ongoing fallout from Germany's World Cup failure.
President of EU Commission Jean-Claude Juncker gestures ahead of a College Commissioners meeting at EU headquarters in Brussels on July 18, 2018. - AFP PHOTO - JOHN THYS

Jean-Claude Juncker: Donald Trump efforts to split EU ‘are in vain’

European Commission chief Jean-Claude Juncker said US efforts to split the EU on trade "are in vain," in a message Wednesday to President Donald Trump before their talks in Washington next week.

Ex-Governor Bafarawa donates N10 million to victims of bandits’ attack

A former governor of Sokoto State, Alhaji Attahiru Bafarawa, has donated N10 million to the victims of banditry in Tabbane village of Rabah Local Government Area of the state.
New Chelsea head coach Maurizio Sarri

New Chelsea boss Maurizio Sarri keen to keep key players

New Chelsea head coach Maurizio Sarri says he hopes Chelsea do not sell any of their best players this summer.
Barack Obama has been selected to give the annual Nelson Mandela Lecture in South Africa ( REUTERS-Jim Bourg )

Barack Obama urges Africa to do more to stem brain drain

Former US president, Barack Obama, advised talented young Africans on Wednesday to drive change at home rather than emigrating, and urged their governments to do more to curb a brain drain.