星期一, 20 4 月, 2026
Home PV News Africa Crude prices rise on Nigerian concerns

Crude prices rise on Nigerian concerns

Crude prices rose Thursday on Nigerian concerns despite U.S. government reported a rise in inventories.


    The U.S. Department of Energy said Thursday that American gasoline (petrol) inventories jumped by 1.8 million barrels to 204.4 million barrels in the week ending June 29.


    The crude oil stockpiles rose by 3.1 million barrels to reach 354 million barrels last week.


    In Nigeria, the Africa's biggest oil producer, a rebel group, who ended a month-long truce, attacked on a Shell oil rig in the delta region. Gunmen also kidnapped a British girl in the country.


    Light, sweet crude for August delivery rose 40 cents to settle at 71.81 dollars a barrel on the New York Mercantile Exchange after rose as high as 72.35 dollars.


    London Brent crude gained 1.76 dollars to 74.81 dollars a barrel.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Southeast Asia’s Solar Panel Boom

Solar power is booming these days, with 511 GW of new capacity added in 2025 alone. A big reason is because the cost of...

Enfinity lands industrial off-takers for 120 MW of new Italian solar

US-based renewables firm Enfinity Global has secured agreements for 1.8 TWh of electricity supply in Italy under the country’s Energy Release 2.0 mechanism dedicated...

AES Chile expands Latin America’s largest solar and storage hub

AES Chile has announced the start of operations of Andes Solar III, located in the Antofagasta Region, as it continues to expand its Andes...

Solar panels won’t slash energy bills on their own – an expert explains how to maximise savings

Energy bills in the UK are still expected to rise in the coming months, putting more pressure on household budgets despite the shaky ceasefire...