By Adedapo Adesanya The crude oil market closed lower on Friday, extending pressures from the week due to easing concerns over supply risks from the Israel-Hezbollah...
By Adedapo Adesanya Oil prices settled lower on Tuesday after Israel agreed to a ceasefire deal with Lebanon, reducing oil’s risk premium, with Brent crude futures...
By Adedapo Adesanya There are worries about possible shortages as the Nigerian government’s plan to sell crude priced in the local currency is faltering. In July,...
By Adedapo Adesanya Crude oil prices climbed about 1 per cent on Friday as the intensifying war in Ukraine this week boosted the market’s geopolitical risk...
By Adedapo Adesanya Crude oil marginally depreciated on Tuesday as Norway’s oilfield restarted production, with plans by Iran to cap its uranium stockpile offsetting concerns about...
By Adedapo Adesanya Oil prices climbed more than 3 per cent on Monday after crude production was halted in Norway, which added to the latest escalation...
By Adedapo Adesanya The oil market closed lower by more than 2 per cent on Friday due to weaker Chinese demand and a potential slowing in...
By Adedapo Adesanya Oil prices closed slightly higher on Thursday over draw in US fuel stocks outweighed oversupply concerns and demand worries stemming from a stronger...
By Adedapo Adesanya Prices of the crude oil grades rebounded on Wednesday after the market weighed the reduced demand growth forecast of the Organisation of the...
By Adedapo Adesanya The latest downward review of demand growth forecast by the Organisation of the Petroleum Exporting Countries (OPEC), a stronger US Dollar, and disappointment...
