Nigeria: Oil Above $100, Nigeria Faces Revenue Windfall, Fuel Price Risks

Nigeria: Oil Above $100, Nigeria Faces Revenue Windfall, Fuel Price Risks

Nigeria is poised for a major oil revenue boost but faces renewed pressure on fuel prices, inflation and operating costs as escalating hostilities between the United States and Iran push crude prices above $100 per barrel.

Oil above $100, Nigeria faces revenue windfall, fuel price risks

By Udeme Akpan, Energy Editor Nigeria is poised for a major oil revenue boost but faces renewed pressure on fuel prices, inflation and operating costs as escalating hostilities between the United States and Iran push crude prices above $100 per barrel. Latest market data showed that the Organisation of Petroleum Exporting Countries Basket, including Nigeria’s […]

Crude Oil Surges Towards $100 As Iran-US Conflict Fuels Supply Concerns

Oil prices jumped more than one percent towards $100 Wednesday and stocks struggled as a fresh flare-up in the Middle East crisis stoked supply concerns, putting upward pressure on inflation ahead of key data at the end of the week.

Oil nears $100 as supply concerns deepen and inflation risks rise

Oil prices moved closer to $100 a barrel on Wednesday as a new round of U.S.-Iran attacks deepened concerns over Gulf supplies and threatened to intensify an energy shock already feeding into global inflation and interest-rate expectations. Brent crude futures rose 1.4 percent to $99.33 a barrel by 2:12 GMT, while U.S. West Texas Intermediate […]