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OIL PRICE
News and stories about oil price
Oil prices fell on Tuesday, August 19, 2025, over the possibility that the meeting between the United States (US), Russia, and Ukraine could lead to the easing of sanctions on Russian crude, leading to an increase in the supply of the commodity.
Nigeria’s fiscal stability faces renewed pressure as global oil prices fall and crude production continues to trail official targets, heightening the risk of a wider budget deficit and higher borrowing needs.
Brent Crude Oil Hits $80 a Barrel on Friday, the highest since October 2024.
Oil prices continued to rise on Monday, with Brent approaching the $80 mark, building on last week's sharpest...
On October 4, 2024, the naira gained against the U.S. dollar, closing at N1,631.21 in the official Investor and Exporter (I&E) window, as global crude oil prices eye $80 per barrel.
The price of crude oil is expected to rise further on Monday, above the $90 benchmark, after Iran’s attack on Israel over the weekend, analysts said on Sunday.
Oil prices saw a decline of over 2% on Thursday due to unverified reports of a ceasefire between Israel and Hamas, coupled with a significant U.S. refinery shutting down due to a power outage.
The price of Brent crude surged 4% to $80.52 per barrel above Nigeria’s 2024 budget benchmark price of $77.96 per barrel.
The price of Brent crude surged 4% to $80.52 per barrel above Nigeria’s 2024 budget benchmark price of $77.96 per barrel.
A review of global oil prices on Tuesday, September 19 via Oil Price showed that Brent crude was $95.06 per barrel as of 5:36 AM, GMT+1.
Brent Crude oil prices dropped to as low as $82 per barrel for the first time since January 2022, after reports suggest that Opec could be considering an increase in output.
The Oil and Gas Index comprises seven well-capitalized and liquid companies in oil and gas marketing namely ARDOVA, CONOIL, ETERNA, MRS, OANDO, SEPLAT and TOTAL