Udeme Akpan

1 week ago | allafrica.com | Udeme Akpan

...as Israel-Iran hostility continuesThe price of Nigeria's Bonny Light, yesterday, rose to $76.60 per barrel from $73 per barrel at the backdrop of the continued hostility between Israel and Iran. The global oil market responded, especially as the strike damaged some facilities at the Iran's Pilot Fuel Enrichment Plant, thus fuelling fears over possible oil and gas supply disruptions.

1 week ago | allafrica.com | Udeme Akpan |Ediri Ejoh

The price of crude oil, yesterday, dropped marginally to $73 per barrel from $74 per barrel in the international market as the Israel-Iran conflict tension eases. The tension eased following Iran's indication of interest to halt hostilities and resume negotiations over its nuclear program with Israel. Consequently, the price of Brent, usually used to benchmark other prices, dropped to $73.06 per barrel from over $74.20 per barrel, yesterday, indicating a decrease of 1.5 per cent.

1 week ago | nigeriaworld.com | Udeme Akpan

• Oil price hovers at $73 per barrelTHE Organisation of Petroleum Exporting Countries, OPEC, yesterday, put Nigeria’s crude oil output, excluding condensate, at 1.544 million barrels per day, bpd in May 2025. This showed a marginal increase of 1.44 per cent from 1.522 million bpd recorded in April 2025. In its June 2025 Monthly Oil Market Report, MOMR, released, yesterday, OPEC said this was based on data based on secondary sources.

1 week ago | allafrica.com | Udeme Akpan

THE Organisation of Petroleum Exporting Countries, OPEC, yesterday, put Nigeria's crude oil output, excluding condensate, at 1.544 million barrels per day, bpd in May 2025. This showed a marginal increase of 1.44 per cent from 1.522 million bpd recorded in April 2025. In its June 2025 Monthly Oil Market Report, MOMR, released, yesterday, OPEC said this was based on data based on secondary sources.

1 week ago | allafrica.com | Udeme Akpan

*** Oil price hovers at $73 per barrelTHE Organisation of Petroleum Exporting Countries, OPEC, yesterday, put Nigeria's crude oil output, excluding condensate, at 1.544 million barrels per day (bpd) in May 2025. This showed a marginal increase of 1.44 per cent from 1.522 million bpd recorded in April 2025. In its June 2025 Monthly Oil Market Report, MOMR, released yesterday, OPEC said this was based on data based on secondary sources.