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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  PHOTO STORY
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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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  Climate activists oppose oil exploration, call for fossil-free Virunga in new film
• Editor

  Mo Ibrahim, Mary Robinson write for Prime Business Africa, urge action on dirty cooking fuels
• Editor

  N74.773bn budget approved for Police Trust Fund
• Editor

  Defend Your Democracy, Governors Urge Nigerians
• Editor

  Nigeria Should be Refuge for All – Obi
• Editor

  Report underlines need to strengthen internet freedom, data privacy laws
• Editor

  We are using technology to update our consumer lending operations – UBA
• Editor

  Nigerian Senate set to approve Buhari’s N895.84bn supplementary budget
• Editor

  Kwara Gov names US-based policy analyst Focal Person on Diaspora Matters  
• 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