The Nigerian National Petroleum Company Limited (NNPCL) will start pricing crude supplies against dated Brent crude in 2024, according to a Bloomberg report. Per the report, NNPCL plans to change how it prices its crude cargoes starting in January 2024.…
According to data from Oil Price, Brent crude oil was priced at $91 per barrel. In recent weeks, Brent crude has seen a steady increase, reaching a 10-month high of $90 per barrel precisely one week ago. This surge in…
By Uthman Salami A respectable investment bank, Goldman Sachs has predicted a downward review of Brent crude price, which it initially forecast at $140 a barrel. The price of the crude is now predicted to decline from $140 to $110…
Goldman Sachs has raised its price target for Brent crude to $140 per barrel from $125 per barrel, citing unresolved structural shortages. Per a ZeroHedge report, the investment bank’s commodity head of energy research, Damien Courvalin, noted the brief period…
By Uthman Salami Owing to outages in Libya and concerns about the loss of some Russian supply which are currently being discussed by the EU, oil rose early on Monday. The increased price of oil to the levels it was…
By Uthman Salami Brent crude price at the international global market has reduced by 0.45 per cent as opposed its earlier gain on Wednesday. Report had it that the price reduction could have been associated to the rumors that a…
…As Brent crude trades for $94.44, up 1.25% in week ended The black liquid rallied 3% on Friday to trade at a price point not traded in seven years as escalating fears of an invasion of Ukraine by Russia, a top…
Oil prices rose for a fifth straight day on Monday with Brent heading for $80 amid supply concerns as parts of the world sees demand pick up with the easing of pandemic conditions. Brent crude was up $1.14 or 1.5…
The international oil benchmark, Brent crude, dropped on Monday after climbing above the $70 per barrel mark for the first time in over 14 months. Brent, against which Nigeria’s oil priced, fell by $1.30 to $68.06 per barrel as of…
