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Crude oil prices

LCCI Calls For Review Of Nigeria’s 2025 Budget Oil Benchmark Amid Declining Prices

Following the persistent decline in the prices of crude oil on the international market, the Lagos Chamber of Commerce and Industry (LCCI) has called for a review of the oil price benchmark in Nigeria’s 2025 national budget. The 2025 budget contains an

July 25, 2025

Business·FEATURES·Oil & Gas

Concerns For Nigeria’s Oil Market As Over 60 Million Barrels Remain Unsold

There are concerns that Nigeria’s oil industry is facing significant challenges as more than 60 million barrels of crude oil remain unsold due to a growing global supply glut and weakening demand. This oversupply situation threatens Nigeria’s revenue, foreign exchange earnings, and economic stability

April 25, 2025

Business·Oil & Gas

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

The recent crash in global oil prices and Nigeria’s low crude production levels have raised serious concerns about the feasibility of implementing the 2025 budget. The Nigerian government relies heavily on oil revenues to fund its budget, and a sustained downturn in

April 22, 2025

Oil Prices Surge Amid Middle East Conflict Fears, Brent Crude Nears $80 Per Barrel

News·Oil & Gas·World News

Crude Oil Prices Dip To $85 In International Market Amid Global Tensions

Crude oil prices have undergone significant fluctuations in the international market over the past week. From a recent high of $87.61, the price of Brent Crude has dipped to $85.61 as of Friday, March 22, 2024. Similarly, the WTI Crude has fallen

March 23, 2024

Business·Oil & Gas

Global Oil Prices Surge Amid Geopolitical Tensions, Supply Gap Concerns

In the early hours of GMT+1, Brent crude hit $82.65 per barrel, reflecting a market grappling with uncertainties. U.S. WTI crude futures saw a 0.4% rise, reaching $77.09, bouncing back from Monday’s dip fueled by fears surrounding Chinese demand and the China

January 30, 2024

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Crude oil prices

LCCI Calls For Review Of Nigeria’s 2025 Budget Oil Benchmark Amid Declining Prices

Concerns For Nigeria’s Oil Market As Over 60 Million Barrels Remain Unsold

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Crude Oil Prices Dip To $85 In International Market Amid Global Tensions

Global Oil Prices Surge Amid Geopolitical Tensions, Supply Gap Concerns

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