By Gideon Maxwell April 22, 2026 Global oil prices climbed sharply on Wednesday after multiple container ships were hit by gunfire in the Strait of Hormuz, triggering fresh fears over energy supply disruptions in one […]
By Emmanuel Babafemi April 13, 2026 Global oil markets surged above 100 dollars per barrel amid heightened geopolitical tensions involving Iran and the United States. According to market reporting widely circulated, the spike was driven […]
March 1, 2026 Global oil prices surged by around 10 per cent as Brent crude climbed to roughly $80 a barrel after fresh US and Israeli military strikes on Iran triggered fears of broader conflict […]
Jan 8, 2024 — Oil prices fell over 3% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output that offset supply concerns generated by escalating geopolitical tension […]
Egypt’s petroleum ministry on Tuesday, August 22, 2023, announced a new oil discovery in the Geisum and Tawila West Concession in the Gulf of Suez. The new discovery was made by Egypt’s Cheiron through exploration […]
• OPEC+ cuts output target by about 1.16 million bpd • Oil prices register biggest daily rise in nearly a year • Producer group acted after oil hit $70 a barrel • Goldman Sachs raises […]
By Aderonke Ogunleye-Bello Traditionally, heated oils are used in frying foods. They vary from vegetable oil, palm oil, olive oil, sunflower oil to chicken oil and could be used in preparing fried foods and cooked […]
Nigeria’s state oil firm has signed a $1.5 billion prepayment deal led by Standard Chartered and backed by oil traders Vitol Group and Matrix Energy, two sources close to the matter said, the first such […]
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