The landing cost of Premium Motor Spirit (PMS), also known as petrol, in Nigeria has declined to ₦900.28 per litre as of Thursday, a drop of ₦36 or 3.62% from the previous week’s cost of ₦936.75 per litre. Data from the Major Energies Marketers Association of Nigeria (MEMAN) further revealed earlier dips this week, reaching … Read more
The price of Brent crude oil has dropped below $70 per barrel for the first time since December 2021, raising concerns about a global economic slowdown. This steep decline in oil prices is expected to put additional pressure on the Nigerian naira, which has recently depreciated to N1,600 per US dollar. EKO HOT BLOG gathered … Read more
Eko Hot Blog reports that Crude oil price on Monday increased to $87 per barrel — highest since October 2023. Brent crude increased by 0.56 percent to $87.54 a barrel while US West Texas Intermediate (WTI) crude rose 0.79 percent, to $83.83 percent, at 20.00 WAT. Editor’s Picks Naira Maintains Streak, Appreciates To 1,250/$ JUST … Read more
Brent has risen by more than 17 per cent since December 31, 2020, when it closed at $51.22 per barrel. The international oil benchmark, Brent crude, extended its rebound on Monday, hitting the $60 per barrel mark for the first since the extent of the COVID-19 pandemic became clear. The further rise in oil prices … Read more
World oil prices jumped nearly $3 on Friday after the US killed a top Iranian general, fanning fresh fears of conflict in the crude-rich Middle East, with Tehran warning of “severe” retaliation. The international oil benchmark, Brent crude, hit $69.16 per barrel, its highest since September 17, 2019 before easing to $68.81 per barrel as … Read more