Brent Crude

The Federal Inland Revenue Service (FIRS), has charged non-domestic companies shipping crude oil from Nigeria to ensure strict compliance with the country’s tax laws in their operations. FIRS Chairman, Zach Adedeji gave the charge in…

Global benchmark Brent crude fell below $100 a barrel on Tuesday due to a stronger dollar, demand-sapping COVID-19 curbs in top crude importer China and fears of a global economic slowdown. Brent crude futures were down by $7.62, or…

Brent, the global benchmark for crude oil, rose marginally in price on Thursday, as the Organisation of Petroleum Exporting Countries projected that the demand growth for oil would continue this year. Industry figures showed that Brent…

Oil prices on Wednesday rose for the first time in three days, as West Texas Intermediate (WTI) Crude traded around $98 per barrel, while Brent Oil nears $102 after entering bear market territory the day before. However,…

Brent Crude futures hovered 2-month highs above $84 per barrel on Thursday, supported by tight supply and easing concerns about the potential hit to demand from the omicron variant. The US crude inventories fell to their lowest…

Brent decreased to a 6-week low of 79.76 USD/Bbl, after OPEC and the International Energy Agency warned of impending oversupply while rising COVID-19 cases in Europe increased downside risks to demand recovery. Meantime, China…

Brent crude futures dropped towards $82 per barrel on Friday, as oil prices came under pressure amid an inflation-driven dollar rally, downgraded demand forecast from OPEC and the threat of further US intervention in the oil markets.…

Brent crude futures gained above $83.5 per barrel on Monday, as OPEC+ kept its reins on oil supply despite calls for increased output, with State-owned Saudi Aramco raising its December official selling price for Arab light crude to $2.7 a…

Brent crude futures edged up to above $82.5 a barrel on Friday, after OPEC and its allies agreed to raise output by a pre-agreed 400,000 barrels per day from December defying US pressure to help cool the market. However, the…

Brent crude futures rose towards $85 per barrel on Tuesday, amid reports that OPEC failed to reach output targets in October. OPEC’s oil output rose 190,000 barrels per day in October, falling short of the 254,00 increase…