Tag Archives: prices

Oil prices have been down due to weaker than expected demand from China as well as increased production from countries such as Brazil and Argentina that are not in OPEC+. ADVERTISEMENT The OPEC+ alliance of oil exporting countries are meeting to discuss whether to put off plans to pump more crude amid sluggish demand and competing production from non-allied countries …

Thousands of UK businesses could receive payouts if a legal claim filed against tech giant Microsoft is successful. Regulation expert Dr Maria Luisa Stasi is alleging the tech giant overcharged companies for its Window Server software, used in cloud computing. She is seeking compensation of over £1bn on behalf of UK businesses. The BBC has approached Microsoft for comment. The …

After reaching a two-week high, crude oil prices fell back on Monday as investors rebalanced positions in major asset classes. However, bullish factors remain in the near term as geopolitical tensions rise. ADVERTISEMENT Crude oil prices rose to a two-week high amid a major escalation in the Ukraine and Russia war. The Brent futures at ICEsurged 5.8% and the WTI …

European natural gas prices hit €46/MWh in November, spiking 16% on the month due to a cold snap, reduced wind output, and Russia-Ukraine tensions. LNG supply delays and high heating demand intensify risks, with analysts raising 2025 TTF forecasts amid tightening markets. ADVERTISEMENT European natural gas prices have surged in November, with the Dutch Title Transfer Facility (TTF) benchmark climbing …

The producer price index, which looks at the average change in selling prices that domestic producers get for their services and goods, was down for the 16th month in a row. ADVERTISEMENT German producer prices fell in October by 1.1% and in line with analyst expectations. That was slightly better than the 1.4% fall in September but still the 16th …

First Lady Senator Oluremi Tinubu has urged market women across Nigeria to avoid unfairly increasing food prices as the festive season approaches. Speaking at the 2024 Ebonyi Women’s Day Celebration in Abakaliki, she appealed for restraint in price hikes, emphasizing the importance of affordability for all Nigerians during the yuletide.   “With the Yuletide season fast approaching, I want to …

Gazprom Export has announced that it will be halting gas supplies to Austria, following the latter’s biggest state-owned fossil fuel company, OMV, winning an arbitral award against it. ADVERTISEMENT Gazprom Export has revealed that it would be stopping gas supplies to Austria after over 50 years, from 16 November. This follows Austria’s biggest fossil-fuel company, state-owned OMV, recently bagging an …

Amazon has launched a new outlet called Haul which caps the price of products on sale at $20 (£15.79), in an effort to take on low-cost retailers Temu and Shein. The online shopping giant unveiled Haul as a mobile-only experience available in its Shopping app for US customers on Wednesday. It says shoppers can expect “crazy low prices” on Haul …

Global mining stocks have declined as metal prices fell, driven by a strong US dollar and disappointing details from China’s latest stimulus measures. ADVERTISEMENT Global mining stocks suffered as metal prices slumped, driven by a robust US dollar and disappointment over China’s recent stimulus measures. Major European mining stocks declined sharply this week following Donald Trump’s victory in the US …

    Electricity Distribution Companies, DisCos, have announced a rise in the price of various electricity meter models, making it the second price hike in four months.   According to the DisCos, the cost of a single-phase meter has risen from N117,000 to as much as N149,800, an increase of 28.03 per cent or N32,800, depending on the distribution company …