Brent

Oil benchmark Brent hovered close to $86 a barrel on Monday as hostilities intensified between Russia and Ukraine and in the Middle East. Brent crude futures climbed 44 cents to $85.87 a barrel by 1321 GMT while U.S. crude futures gained…

Brent crude futures edged down on Friday, extending losses from the previous session, as traders speculated on whether OPEC+ would come to an agreement on further production cuts. Brent crude futures inched down by 6 cents, or 0.07%, to…

Oil prices plunged about 5 per cent in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of higher inflation. Brent crude, the global…

Oil prices slipped on Friday and were set for a weekly decline due to mounting worries about the impact on fuel demand of a widespread resurgence in coronavirus infections, as well as some concern about the likely return of exports from…

By TAYO ELEGBEDE Following the disclosure of a build of 4.9 million barrels for the week to July 17 in crude oil inventories by the Energy Information Administration(EIA), oil prices have again dropped on Thursday. The…

The Nigerian National Petroleum Corporation (NNPC)  has delayed publishing its future oil export plans in order to conclude discussions with International Oil Companies (IOCs) and their local counterparts about how to cut output in line…

Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 Gulf War after Saudi Arabia signalled it would hike output to win market share when the coronavirus has already left the market…

Oil prices dipped on Friday, with U.S. crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products as inventories build. Brent is heading for a two…

Stocks across Asia advanced on Monday as China’s efforts to stop sharp declines in its currency and capital flight supported wider sentiment in the region while oil rises. The escalating Sino-U.S. trade conflict capped gains.…

Oil prices were steady on Monday as a rising U.S. rig count pointed to further increases in American output. Brent crude oil futures were at 74.07 dollars per barrel at 0354 GMT, virtually unchanged from their last close. U.S. West Texas…