oil price

  1. Oil Markets on Edge: OPEC+ Hikes Production as Iran Conflict Threatens Strait of Hormuz Closure

    Middle East Oil Markets on Edge: OPEC+ Hikes Production as Iran Conflict Threatens Strait of Hormuz Closure

    The Digest: Key OPEC+ members have announced a larger-than-expected production increase of 206,000 barrels per day, set for implementation in April, citing a steady global economic outlook and healthy market fundamentals. The decision comes as US-Israeli strikes on Iran and Tehran's...
    • Nigeria News
    • Article
    • 2 min read
    • oil price opec+ strait of hormuz
    • Category: Business
  2. Crude Oil Price Rises to $68 per Barrel Amid Rising U.S.-Iran Tensions

    Nigeria Crude Oil Price Rises to $68 per Barrel Amid Rising U.S.-Iran Tensions

    The Digest: Global crude oil prices have climbed to $68 per barrel, the highest level in four months, driven by escalating tensions between the United States and Iran. Brent crude rose 2.24% to $68.88, while U.S. West Texas Intermediate increased by 1.9% to $64.41. Reports indicate the U.S. is...
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