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Brent gained more than 8% last week while WTI also surged over 9% on fears that Tel Aviv may hit Iranian oil infrastructure in retaliation to Tehran's missile attack on Israel on October 1.
Dangote oil refinery is due to take in up to 400,000 barrels a day of Nigerian crude over the coming two months as Africa’s largest plant transforms the region’s import and export markets.
Africa's oil and gas-rich country's announcement comes after several nations began selling oil and gas in local currencies following outbreak of Russia-Ukraine conflict in February 2022 - Anadolu Ajan ...
The risks of a spike in crude oil prices have increased, as per analysts at BCA Research. While BCA maintains a cyclical outlook that crude prices are likely to weaken over the next six to nine months ...
Oil prices pared gains in early trade on Monday after charting their biggest weekly rise in over a year on Friday amid mounting threats of a region-wide war in the Middle East.