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

  Four Nigerians Bag 20-Year Jail Term In US
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  Nigeria Rises Above 200,000 Coronavirus Infections Since Feb. 2020 –NCDC
• Editor

  EFCC Plans Workshop to Eradicate Pension Fraud in Nigeria
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  COVID-19: Nigeria Records 2 Deaths, 547 New Cases Saturday
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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  OTOBO AT THE SEEDS CONFERENCE
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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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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

  Dr Bashir Tasks Nigerian Tertiary Institutions On Prudent Spending
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  Inflation Will Drop To Single Digit By 2022 – CBN
• Editor

  Agric Investors To Get Plant Variety Protection Rights
• Editor

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• Editor

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• Editor

  Three Arrested For Copyright Infringement in Abuja
• Editor

  HOMEF Drags FG To Court Over Plant Variety Protection Law
• 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

  Nigeria Needs $400bn To Achieve Energy Access – FG
• Editor

  Tizeti Expands To 10 Nigerian Cities
• Editor

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

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• Editor

  Heirs Insurance Upgrades Website
• 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

  Hackers Steal $600m Crypto In Daring Heist
• Editor

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• Editor

  PHOTO STORY
• Editor

  Leadway Unveils New Motor Insurance Policy
• Editor

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

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

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• Editor

  Africa Faces Heightened Impact Of Climate Change – Bassey
• 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

  Debt Profile: Govt Urged To Review Spending Structure
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• 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

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  Buhari Jets Out To London For Global Education Summit
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• 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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• Editor

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• 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

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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

  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

  10 Pirates Bag 12 Years In Jail Over Vessel Hijack
• Editor

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• Editor

  Defence Headquarters Takes Security Parley To Southeast
• 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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  Our Loans Will Help Nigeria Grow, China Explains
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  Ngige Under Fire Over ‘False’ Claims On S’East Roads
• Editor

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• Editor

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• Editor

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• Editor

  FG May Increase VAT To 15% Before 2025- EIU
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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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

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• 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

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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

  Video: Watch Moment Rescued Air Force Pilot Returned To Base Amid Cheers
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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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

  CBN issues guidelines, framework for Mobile Money Services
• Editor

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• Editor

  Customs generates N1trn in six months
• Editor

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• Editor

  Arik, Bi-Courtney, others owe FAAN over N37bn – Sirika
• Editor

  New UN Report Reveals Impact Of COVID On Human Trafficking
• Editor

  BUA Declares N72.3B Profit On Rising Demand For Cement
• Editor

  Food Insecurity: Nigeria among 45 countries in need of assistance – FAO
• Editor

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

  Airlines to refund 100% airfare to passengers after two-hour delay
• Editor

  Nigerian Army set screening date for 2021 ’81 Regular Recruit Intake’
• Editor

  FIRS rakes in historic N650bn profit in June
• Editor

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• Editor

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• Editor

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• Editor

  Heirs Holdings’ Entry Echoes Efficiency In Nigeria’s Insurance Sector
• Editor

  New COVID-19 restriction will affect Nigeria’s travel industry, expert warns
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  Expert wants ‘independent monitor’ to oversee disbursement of FG’s grant
• Editor

  How Nigeria’s Constitution Hampers Economic Diversification
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  Pat Utomi’s Centre for Values in Leadership hosts episode 24 of the Nigeria History Series
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

  PDP Flagbearer Ozigbo charges Anambra voters on registration exercise
• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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

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• Editor

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• Editor

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• Editor

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• Editor

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• Editor

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• 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