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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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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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’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

  AfDB’s Digital Skills Programme Records 130, 000 Users
• Editor

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• Editor

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• Editor

  Edo Generates N3bn From Land Registration
• 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

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• Editor

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• Editor

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• Editor

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• Editor

  HURIWA Condemns Harassment Of Nigerian Diplomat In Indonesia
• Editor

  First Case Of Marburg Confirmed In West Africa Amid COVID-19 Resurgence
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  CBN Declares Nigerian Banks Safe
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• 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

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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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

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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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

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• Editor

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• Editor

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• Editor

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• Editor

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• 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