Browsing Tag
Brent Crude
4 posts
International Crude Oil Markets Experience Downturn
Global oil benchmarks fell nearly one percent on Wednesday amid Middle East tensions, while Nigerian domestic fuel prices remained stable despite recent shifts in refining and distribution.
Global Oil Costs Surge 14 Percent to $84 Following Breakdown of US-Iran Truce
Oil prices jumped 14 percent to $84 per barrel as US-Iran hostilities resumed and the Strait of Hormuz was closed to shipping, boosting Nigeria's export outlook.
Oil Prices Surge to $79 Amid Rising US-Iran Conflict
Brent crude climbed to $79 per barrel as US-Iran hostilities disrupted markets, while Nigeria hit its highest production levels since 2020.
Fuel costs climb to peak levels not seen since start of Iran conflict
Petrol prices have reached 158.52p per litre, the highest level since the Iran conflict began, as rising global oil costs impact UK drivers.