oil rises

Oil Rises on Partial Lifting of Russia Fuel Export Ban

October 7, 2023

By Adedapo Adesanya Oil rose on Friday as another partial lifting of Russia’s fuel export ban compounded demand fears due to macroeconomic headwinds. On

Economy

Oil Rises to 10-Month High on Supply Cuts, Demand Optimism

September 16, 2023

Adedapo Adesanya

By Adedapo Adesanya Oil hit a 10-month high on Friday and posted a third weekly gain as supply tightness spearheaded by Saudi Arabian production

Economy

Brent Returns to $90 Region on Renewed Tight Oil Supplies Worries

September 9, 2023

Adedapo Adesanya

By Adedapo Adesanya Brent crude returned to the $90 region on Friday after it grew by 73 cents or 0.8 per cent to $90.65

Economy

Oil Rises as Global Supplies Tighten Further

August 5, 2023

Adedapo Adesanya

By Adedapo Adesanya Oil rose by 1 per cent as top producers like Saudi Arabia and Russia extended supply cuts through September, adding to

Economy

Oil Rebounds on Inventories Support Despite Sour Demand Outlook

July 21, 2023

Adedapo Adesanya

By Adedapo Adesanya Oil settled slightly higher on Thursday amid lower crude inventories in the US and strong crude imports by China, but a

Economy

Oil Rises as China Ends Lockdown in Shanghai

June 2, 2022

Adedapo Adesanya

By Adedapo Adesanya Oil prices were up on Wednesday as China ended its COVID-19 lockdown in Shanghai, which could bolster demand in an already

Economy

Oil Surges as EU Mulls Ban on Russian Crude

March 22, 2022

Adedapo Adesanya

By Adedapo Adesanya Oil prices rallied more than 7 per cent on Monday amid consultations by the European Union (EU) about potentially joining the

Economy

Supply Shortages in Nigeria, Others Lift Oil Prices

December 29, 2021

Adedapo Adesanya

By Adedapo Adesanya Oil prices closed higher on Tuesday, with the Brent crude rising by 20 cents or 0.16 per cent to trade at

Economy

Oil Rises as US Fuel Consumption Outweighs OPEC+ Stalemate

July 10, 2021

Adedapo Adesanya

By Adedapo Adesanya Oil prices rose on Friday fuelled by strong US fuel consumption data as the market overlooked the uncertainty about an oil

Economy

Oil Rises 2% on Speculative Halting of Supply Cut

March 4, 2021

Adedapo Adesanya

By Adedapo Adesanya Crude prices halted their recent bearish trend on Wednesday amid speculations that an alliance of oil producers could decide not to

Suggestions

Recent Posts