The ongoing trade war has dampened global sentiment, with one immediate impact being a drop in global oil prices. Oil prices, which were around $74 per barrel, have fallen to $60. If this trend ...

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or ...

Oil slid around 3% on Monday to its weakest since 2021, while most commodity markets including metals tumbled as an intensifying trade war between the United States and China triggered worries over ...

State lawmakers and economists said a sharp drop in oil prices could have a bigger and ... "It's supposed to help smooth over these market drops or rapid increases," said Kevin Berry, a professor ...

LONDON (Reuters) - Oil slid around 3% on Monday to its weakest since 2021, while most commodity markets including metals and coffee declined as the intensifying trade war between the United States and ...

Dangote and NNPC may reverse their petrol prices due to the fall in crude oil prices to $65 per barrel, the lowest since 2021 The crash in crude prices was blamed on market shocks caused by President ...

OPEC+ has chosen to dial back on previously planned production cuts, exerting downward pressure on oil prices, with West Texas Intermediate Crude sinking to below $63 a barrel—an appreciable ...

Nigeria’s 2025 budget is facing fresh funding challenges due to the recent drop in global crude oil prices. The budget was set with a benchmark oil price of $75 per barrel, but recent prices ...

Brent crude oil price fell on Friday to $65.58 per barrel for the first time in four years. During trading, Brent crude price, the global oil benchmark, depreciated by 7 percent to trade at $65.58 ...

Eight OPEC+ countries have agreed to increase oil output by 411,000 barrels per day in May, surpassing their initial plan. This decision aims to improve compliance among members and comes amid ...

Eight Opec+ countries unexpectedly agreed on Thursday to advance their plan to phase out oil output cuts by increasing output by 411,000 barrels per day in May, a decision that prompted oil prices ...