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Business

Oil prices plummet to $73 amid attacks on Iran

Oil prices fell even with Israel's recent counteroffensive against an Iranian military site that resulted in four fatalities. On Monday, oil prices opened lower, with...
Business

Oil prices surge globally – Report

Oil prices rose on Friday in global commodities markets as supply risks overshadowed weak demand forecasts. Brent crude reached $77.15 per barrel, while West...
Business

Oil prices stable as OPEC+ meeting approaches

Oil prices remained stable in Asian trading on Monday as markets awaited the OPEC+ meeting on June 2, where producers are anticipated to discuss...
Business

S&P 500 declines marginally as OPEC action fuels inflation concerns

Stock markets around the world are mixed Monday, as a jump in oil prices threatens to add upward pressure on inflation. The S&P 500 was...
Business

Cuts in production sees oil prices surging

With the unexpected production cuts announced by some of the top exporters in the globe, oil prices have risen. After increasing by more than 5%,...
World

Oil prices to shoot as two million fewer barrels to be produced each day

Oil prices had risen 5% since Friday and the announcement was widely anticipated. Following the announcement of the output cut, Brent crude, the benchmark...
Business

Oil drops below $100 a barrel for first time since early May

For the first time in nearly two months, crude oil prices have fallen below $100 a barrel, reflecting investors' growing concerns about a US...
Business

Oil contracts cancelled over Coronavirus

The coronavirus has led to the cancellation of some petroleum contracts, the Chief Executive Officer of the National Petroleum Commission, Egbert Faibille Jnr., has...
Business

Oil falls to nearly $56 a barrel, its lowest in a year

Oil prices fell on Monday to their lowest in more than a year, dragged down by worries about lower demand in top crude importer...

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