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AS demand rises in the global oil market and Nigeria is not able to benefit maximally, the Chief Executive Officer (CEO) of 11 Plc MrTunji Oyebanji has
Crude oil prices have been running between $100 and $130 a barrel amid concerns around the political uprising in Eastern Europe. The market puts the premium for war at $30 a barrel, which means a price range between $70 and $100 a barrel reflects the fundamentals. It means that the market is well supported, and that uncertainty supports these levels.
Oil markets are suffering from supply disruptions on all fronts as oil demand growth shows no signs of slowing despite high prices