Crude Oil Prices Hit Seven-year High As OPEC, Allies disagree on Production

Following the failure of the Organisation of Petroleum Producing Countries (OPEC) and its allies to agree on production plan, Crude oil prices on Tuesday tracked higher with the US crude benchmark inching closer to a seven-year peak.OPEC and its allies called off a meeting to discuss production plans.

Although prices were stabilised on Monday, Tuesday witnessed a spike on Tuesday probably because investors feared that the OPEC+ group discordant positions on joint production would mean immiment supply strain.
A study of the market showed that West Texas Intermediate crude oil futures were higher by 1.6 per cent at $76.34 per barrel recently. Brent oil, WTI’s international counterpart, went up by 0.2% to settle at $77.30 per barrel.

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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  How Nigeria’ll Become Maritime Hub For AfCFTA, Shippers’ Council
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  Crypto Investment Rises By 100% In 2021
• Editor

  FG’s New Vehicle Number Plate Policy Raises Rates By 50%
• Editor

  Police Arrest Suspected Bank Hacker, BDC Operators Over N1.868bn Scam
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  HURIWA Condemns Reports Of High COVID-19 Cases In NYSC Camps
• Editor

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• Editor

  Tizeti Expands To 10 Nigerian Cities
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  Anambra 2021: Soludo Hopeful As Appeal Court Nullifies Sack Of Oye-led APGA Faction
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  PHOTO STORY
• Editor

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• Editor

  Nigeria Tops Five African Countries With Loot In US Real Estate
• Editor

  World Bank lists Nigeria, Others As High Debt Risk Nations
• Editor

  Nigeria has potential to become top investment destination – Muda Yusuf
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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  Nigeria, 22 Others In Danger Of Acute Food Insecurity – Report
• Editor

  NCC To Set New Operational Fees, Spectrum Prices For Telecom Operators
• Editor

  MAN Urges Banks To Comply With CBN Directives On Sale Of Forex
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• Editor

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  CBN To Refund Pending Licence Applications Fees To Bureau De Change Promoters
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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  FG Determined To Tackle Inflation, Food Security
• Editor

  Nigeria’s Capital Investment Falls To $875.6m From $1.9bn in Q2 – NBS
• Editor

  IMF Projects Global Economy To Grow By 6%, Retains 2.5% For Nigeria
• Editor

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• Editor

  Ecological Fund Office Needs N3.4trn For Projects Nationwide – SGF
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  Unilever Nigeria Grows Profit By 60% In Six Months
• Editor

  Nigeria’s Revenue To GDP Ratio Lowest In The World, Says World Bank
• Editor

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• Editor

  OANDO, FTNCOCOA Top Equity Gainers Chart On NGX
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  Buhari Signs N982bn Supplementary 2021 Budget
• Editor

  Continuous Voter Registration: INEC Physical Biometric Capturing Begins In Lagos
• Editor

  Pension Fund Assets Rise To N12.66trn
• Editor

  Cattle Rearers Set Conditions For Livestock Tax In Yobe
• Editor

  Nigeria’s Relations With Spain, Qatar Mutually Beneficial, Says Buhari
• Editor

  Senate Asks INEC, Nigerian Army, Others To Repay N76bn Loans
• Editor

  Naira Exchanges For N503 Per Dollar At Parallel Market
• Editor

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• Editor

  HOMEF Plans School Of Ecology On Shifting Power Lines In Nigeria/Africa
• Editor

  Ogun State Govt Ordered To Pay N4.185bn For Executed Project
• Editor

  Buhari Jets Out To London For Global Education Summit
• Editor

  Benue, Abia Record Highest Petrol Prices
• Editor

  Support Nigeria’s Economy, Okonjo-Iweala Charges Diaspora
• Editor

  Rite Foods Partners With Silverbird Cinemas To Excite Movie Lovers
• Editor

  Overland Airways Debunks Crash Report, Demands Retraction From The Nation
• Editor

  Tension In Abuja As Nnamdi Kanu’s Trial Resumes Tomorrow
• Editor

  Bitcoin, Ethereum, Others Push Crypto Market Value Up To $200bn
• Editor

  APC Clears Ogun Local Government Election
• Editor

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• Editor

  FG Extends NIN-SIM Verification Again, Gives Reasons
• Editor

  Photos From US’ Apple Inventor Kibuule’s Wedding To Nigeria’s Nneka Uzoh
• Editor

  COVID-19: Nigeria Records One Death, 272 New Infections
• Editor

  CBN Declares Nigerian Banks Safe
• Editor

  APHPN Elects New Leadership
• Editor

  FG In N9 billion rehabilitation project, Hands Over Farmland To Farmers In Jigawa
• Editor

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  US’ Apple Inventor Kibuule Weds Nigeria’s Nneka Uzoh Today
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  Ezeife To Lead Ohanaeze Ndigbo Delegation To Nnamdi Kanu’s Trial
• Editor

  PHOTO: Beta Glass Plc 47TH Annual General Meeting Held recently in Lagos.
• Editor

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• Editor

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• Editor

  PHOTOS: Atiku Welcomes OPEC Secretary General Barkindo To His Yola Residence
• Editor

  Poor Nigerians Most Burdened By High Electricity Tariff
• Editor

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• Editor

  PHOTOS: Sanwo-Olu, Deputy Cast Votes For Lagos Local Government Election
• Editor

  Logistics Issues, Low Voter Turnout Trouble Council Polls In Ogun
• Editor

  Nigeria Receives 470,000 Covid-19 Vaccines Donation From China
• Editor

  Uba Asks INEC To List Him As PDP Candidate In Anambra
• Editor

  NGX: FG172035S1, UNIVINSURE Lead Equity Gainers On Friday
• Editor

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• Editor

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• Editor

  GAS FLARING: Nigeria Among Top Seven ‘Law Breakers’
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  Nigeria Set To Lose N319.56bn To Gas Flaring By End Of Year
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  APC Cautions Against Registration By Proxy
• Editor

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• Editor

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• Editor

  FG Considers Expansion Of N200m Small Scale Miners Fund
• Editor

  Meet 3 Nigerians Named Partners In America’s Top Law Firm McDermott
• Editor

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• Editor

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• Editor

  The Future Of Africa, By Mo Ibrahim
• Editor

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• Editor

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• Editor

  Buhari Hails Air Force Pilot For His Gallantry
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  Nigeria Needs National Healing At Eid-el-Kabir’
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  Entrepreneur Hails Women Leading Top Nigerian Banks
• Editor

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• Editor

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• Editor

  Producing Sola Cells Locally Will Cause 60% Price Reduction – Minister
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  No Health Insurance for 90% of Nigerians —AfDB President Adesina
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  Global food prices fall for the first time in 12 months – FAO
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  Soludo vs Ozigbo: Economic heavyweights fight to govern Anambra
• Editor

  Reflections as Buhari writes China’s Xi Jinping on 100 years of CPC
• Editor

  Nigerian Exchange Group delists GTBank Plc, lists shares of GTHoldco
• Editor

  Stock Market: LinkAssure, Ikeja Hotel consolidate gains on NGX chart
• Editor

  Nigerian lawmakers pass N330 billion budget for capital territory
• Editor

  Ikeja Hotel, FIDSON top gainers chart on NGX
• Editor

  South Africa’s former president Zuma sentenced 15 months jail term
• Editor

  Don’t lose hope in your country, Amina Mohammed charges young Nigerians
• Editor

  Governor begs for extension, as insecurity disrupts EU projects in Nigeria’s Northeast
• Editor

  Edo government boosts education sector with ‘EdoBEST’
• Editor

  Otiono, Osadolor to play key roles in Jacksonites’ inaugural professional development meet
• Editor

  Nigeria becomes Number Three in Urea Capacity Addition
• Editor

  New investment solutions for priority clients at Stanchart
• Editor

  Nigeria Elected Vice Chairman Of African Postal Union’s 10th Session
• Editor

  Oyo plugs revenue leakages, gains N15bn in two years
• Editor

  Practitioners fault Government’s plan to regulate the Media
• Editor

  Africa loses $1bn yearly to medical tourism – Adesina
• Editor

  Reps invite Amaechi, NPA over N166.9bn ‘missing’ revenue
• Editor

  Rainy season: NCAA caution pilots over hazardous weather
• Editor

  Rising Food Prices: Unending burden on poor Nigerians
• Editor

  Lagos lawmaker explains approval of Sanwo-Olu’s N85bn bond request
• Editor

  Nigeria to lose 77.1M treatment of NTDs if the UK aid cuts are not reversed
• Editor

  COVID-19: African economies now more vulnerable to debt traps
• Editor

  Africa’s Debt Burden: Media need to play watchdog role – Mbamalu
• Editor

  USTDA, InfraCredit partner on infrastructure project funding in Nigeria
• Editor

  Stop borrowing to fund recurrent expenditure, experts tell FG
• Editor

  United States – China in Africa: Democracy versus Development?
• Editor

  AfCFTA foisting single market on a disconnected region
• Editor

  LASTMA’s Negative Image In Lagos Can Be Fixed – Ex General Manager
• Editor

  The Guardian’s ex-Editor, Jahman Anikulapo, Appointed Director, Editorial Board Member At Prime Business
• Editor

  NCC inaugurates committee on spectrum auction for 5G deployment
• Editor

  No award can bring me satisfaction – Femi Kuti
• Editor

  JAMB delists 25 CBT centres hours after commencement of examination
• Editor

  Prof. Pat Utomi appointed Editorial Board Chairman of Prime Business
• Editor

  95% of UTME candidates met NIN requirement, says JAMB
• Editor

  Unemployment to plunge more Nigerians into poverty – NESG
• Editor

  Newstide appoints Ambassador Ejeviome Otobo Board Director
• Editor

  AMA founder Eloine Barry emerges deputy Editorial Board chair of Prime Business
• Editor

  IMF frowns at return of fuel subsidies in Nigeria
• Editor

  Nigeria’s first female professor of Journalism, Okunna, joins Newstide Board as Deputy Chair
• Editor

  Davido appointed brand ambassador for Maison Martell
• Editor

  MTN notifies customers of potential service disruption
• Editor

  Nigeria borrowed N1.3tn in four years to subsidise electricity – World Bank
• Editor

  Coca Cola records ‘$4 billion’ loss after Cristiano Ronaldo’s gesture
• Editor

  Dr. Bongo Adi appointed Newstide Publications Board Chairman
• Editor

  Amazon makes COVID-19 test available to the public
• Editor

  CBN has the capacity to print Gambia’s currency – Emefiele
• Editor

  Why delayed EURO 2020 Championship excite business owners
• Editor

  PDP governors lament Buhari’s excessive borrowing
• Editor

  Twitter ban: ECOWAS court serves Buhari hearing notice
• Editor

  Bauchi governor, Bala Mohammed, appoints Ibrahim Kashim new SSG
• Editor

  EFCC: 90% of money laundering is through real estate sector
• Editor

  Dangote to generate $400m export from urea fertilizer production
• Editor

  Gunmen attack Kuru community in Plateau state, kill 12, injure 5
• Editor

  PRESS STATEMENT: Army denies killing of soldier in Abia community
• Editor

  Supporters, opportunists, spoils, and the irony of June 12