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Rystad: Oil Prices To Remain Below $80 Despite Escalating Middle East Tensions

Oil prices are likely to remain capped below $80 per barrel despite the escalating Israel-Iran conflict, research firm Rystad Energy said on Monday, as Iran and Israel continue to trade strikes with the escalation now in its fourth day. “Based on our earlier disruption simulations, we see oil prices capped below $80 per barrel,” Mukesh…

Oil Prices Up 2% as Israel-Iran Conflict Intensifies

Crude oil prices are up 2% in early trading, after a bump from President Trump, who on Monday urged everyone to leave Tehran, suggesting further escalation in the hostilities, though they have flattened since the post. “IRAN CAN NOT HAVE A NUCLEAR WEAPON. I said it over and over again! Everyone should immediately evacuate Tehran!”…

2027: APC Vice-chairman, Salihu, Speaks On Why He Endorsed Tinubu, Omitted Shettima at N/East Summit

By Kolawole Ojebisi The All Progressives Congress (APC) National Vice-chairman (North-east), Mustapha Salihu, has clarified why he endorsed President Bola Tinubu for a second time without mentioning his second-in-command, Kashim Shettima, at the party's stakeholders' summit in Gombe over the weekend. Salihu maintained that his decision complies with the party's constitution, stressing that there's only…

Peter Obi Slams Tinubu for Not Being Proactive on the Benue Massacre

By Abiola Olawale The Labour Party presidential candidate in the 2023 presidential elections, Mr Peter Obi has sharply criticized President Bola Ahmed Tinubu over what he called the latter's delayed response to the recent massacre in Benue State, where over 200 lives were lost to brutal attacks. In a strongly worded post on X on…

Israel Obliterates Iran’s New Top General in Daring Airstrike, Escalating Tensions

By Abiola Olawale Israel has delivered another blow to Iran’s military leadership, reportedly eliminating a newly appointed top Iranian commander, General Ali Shadmani, in an airstrike on Tehran. The strike, confirmed by the Israel Defense Forces (IDF), targeted Shadmani just days after he assumed his role following the assassination of his predecessor. Shadmani had assumed…

OPEC Oil Output Increase Falls Short of Target

OPEC’s crude oil production rose by 180,000 barrels per day (bpd) to 27 million bpd in May, with producers part of the OPEC+ agreement raising output by much less than the 411,000 bpd headline hike planned for last month as some members compensated for past overproduction. The five OPEC members that have pledged cuts in…

President’s Ex-aide Reveals: Why I’ll Oppose Tinubu’s Re-election In 2027

By Kolawole Ojebisi Former Senior Special Adviser to President Bola Tinubu on Public Affairs, Aliyu Audu, has revealed why he will actively work to thwart his ex-principal's re-election bid in 2027. Audu maintained that this burning motive prompted his recent resignation from the Tinubu administration. He disclosed this while featuring on Channels Television’s Sunrise Daily…

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Rystad: Oil Prices To Remain Below $80 Despite Escalating Middle East Tensions

Oil prices are likely to remain capped below $80 per barrel despite the escalating Israel-Iran conflict, research firm Rystad Energy said on Monday, as Iran and Israel continue to trade strikes with the escalation now in its fourth day. “Based on our earlier disruption simulations, we see oil prices capped below $80 per barrel,” Mukesh…

Oil Prices Up 2% as Israel-Iran Conflict Intensifies

Crude oil prices are up 2% in early trading, after a bump from President Trump, who on Monday urged everyone to leave Tehran, suggesting further escalation in the hostilities, though they have flattened since the post. “IRAN CAN NOT HAVE A NUCLEAR WEAPON. I said it over and over again! Everyone should immediately evacuate Tehran!”…

2027: APC Vice-chairman, Salihu, Speaks On Why He Endorsed Tinubu, Omitted Shettima at N/East Summit

By Kolawole Ojebisi The All Progressives Congress (APC) National Vice-chairman (North-east), Mustapha Salihu, has clarified why he endorsed President Bola Tinubu for a second time without mentioning his second-in-command, Kashim Shettima, at the party's stakeholders' summit in Gombe over the weekend. Salihu maintained that his decision complies with the party's constitution, stressing that there's only…

Peter Obi Slams Tinubu for Not Being Proactive on the Benue Massacre

By Abiola Olawale The Labour Party presidential candidate in the 2023 presidential elections, Mr Peter Obi has sharply criticized President Bola Ahmed Tinubu over what he called the latter's delayed response to the recent massacre in Benue State, where over 200 lives were lost to brutal attacks. In a strongly worded post on X on…

Israel Obliterates Iran’s New Top General in Daring Airstrike, Escalating Tensions

By Abiola Olawale Israel has delivered another blow to Iran’s military leadership, reportedly eliminating a newly appointed top Iranian commander, General Ali Shadmani, in an airstrike on Tehran. The strike, confirmed by the Israel Defense Forces (IDF), targeted Shadmani just days after he assumed his role following the assassination of his predecessor. Shadmani had assumed…

OPEC Oil Output Increase Falls Short of Target

OPEC’s crude oil production rose by 180,000 barrels per day (bpd) to 27 million bpd in May, with producers part of the OPEC+ agreement raising output by much less than the 411,000 bpd headline hike planned for last month as some members compensated for past overproduction. The five OPEC members that have pledged cuts in…

President’s Ex-aide Reveals: Why I’ll Oppose Tinubu’s Re-election In 2027

By Kolawole Ojebisi Former Senior Special Adviser to President Bola Tinubu on Public Affairs, Aliyu Audu, has revealed why he will actively work to thwart his ex-principal's re-election bid in 2027. Audu maintained that this burning motive prompted his recent resignation from the Tinubu administration. He disclosed this while featuring on Channels Television’s Sunrise Daily…

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