Browsing Tag
Oil
24 posts
Oil prices retreat as Iran reports ongoing diplomatic channels with US
Oil prices dipped from monthly highs as Iran confirmed continued diplomatic contact with the US, though regional tensions keep market outlooks cautious.
MOSOP Backs NSA-Led Dialogue as Prime Path for Ogoni Oil Resolution
MOSOP President Fegalo Nsuke has urged the Ogoni people to support a new federal dialogue initiative, viewing it as the best chance to end a 33-year standoff over oil exploration.
US Increases Sanctions on Iranian Oil and Cryptocurrency Operations
The US Treasury has tightened sanctions on Iran, targeting petroleum shipping networks and freezing $130 million in digital assets linked to the Central Bank of Iran.
Iranian Military Declares Hormuz Shutdown Until US Ceases Hostilities
The Iranian Revolutionary Guards stated that the Strait of Hormuz will remain shut until US aggression ends, further warning that other regional energy routes are at risk.
US Increases Sanctions on Iranian Oil and Crypto Operations
The United States has widened sanctions against Iran, targeting the oil network of Mohammad Hossein Shamkhani and freezing $130 million in digital assets linked to the Central Bank of Iran.
Iran blocks regional oil exports following United States airstrikes
Iran has halted oil exports through the Persian Gulf to protest U.S. airstrikes, while conflict intensifies between the Houthis and Saudi-backed forces.
Crude prices climb following new US strikes as global stock markets gain ground
Oil prices rose further on Tuesday after US strikes against Iran intensified regional tensions, while global stock markets staged a cautious recovery.
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.
Nigeria records highest oil production in over six years
Nigeria has reached a 74-month production high of 1.56 million barrels per day, exceeding its OPEC target through improved security and stable operations.
Global Oil Costs Jump Following US-Iran Hostilities
Oil prices climbed following rising US-Iran tensions, while a tech-led selloff hit markets in South Korea and Japan as investors monitor upcoming corporate earnings.