Tuesday, July 15, 2025
  • About Us
  • Advertise with us
  • Privacy & Policy
  • Contact Us
Spectra Africa
https://spectraafrica.com/advertise-with-us/
  • Business
    • All
    • Analysis
    • Features
    • Interviews
    • News
    Former President Muhammadu Buhari is Dead

    Vice President Kashim Shettima Arrives Katsina with the Body of Former President Muhammadu Buhari from London

    Legend Internet Plc: Nigeria’s Emerging Tech Powerhouse

    July 15 Declared Public Holiday to Honor Buhari, FG Announces

    July 15 Declared Public Holiday to Honor Buhari, FG Announces

    Awujale, Oba Sikiru Adetona, Dies at 91 After 65 Years on the Throne

    Awujale, Oba Sikiru Adetona, Dies at 91 After 65 Years on the Throne

    Former President Muhammadu Buhari is Dead

    Former President Muhammadu Buhari is Dead

    NGX Weekly Market Wrap: All-Share Index Climbs to 126,149.57

    NGX Weekly Market Wrap: All-Share Index Climbs to 126,149.57

    Trending Tags

    • Lifestyle
      • All
      • Features
      • News
      Ladies, Your Dog May Be the Best Bedmate, Science Says So

      Ladies, Your Dog May Be the Best Bedmate, Science Says So

      DStv May Launch Affordable Sports-Only Package Soon

      DStv May Launch Affordable Sports-Only Package Soon

      2025 Is Now Halfway Over!

      2025 Is Now Halfway Over!

      56% of Men Say They Never Got Their Hoodies Back After Lending Them to a Girl — Are You Part of This Stat?

      56% of Men Say They Never Got Their Hoodies Back After Lending Them to a Girl — Are You Part of This Stat?

      “Flatmates” Star and Producer Kayode Peters Dies at 49

      “Flatmates” Star and Producer Kayode Peters Dies at 49

      “Russia Says Lights Out, Love On: The Wild Plan to Fix Falling Birth Rates

      “Russia Says Lights Out, Love On: The Wild Plan to Fix Falling Birth Rates

      Anna Wintour Steps Down After 37 Years as Vogue’s Queen Bee

      Anna Wintour Steps Down After 37 Years as Vogue’s Queen Bee

      Christmas is Six Months Away!

      Christmas is Six Months Away!

      Messi turns 38 today!

      Messi turns 38 today!

      Trending Tags

      • Tech
        • All
        • Features
        • News
        FRSC Launches Sleek New Website to Cut Road Service Delays

        FRSC Launches Sleek New Website to Cut Road Service Delays

        FirstBank Adds Facial ID, No Card Needed to Register

        FirstBank Adds Facial ID, No Card Needed to Register

        Bolt Cuts Offline Trips by 42% with Real-time Monitoring

        Bolt May Require NIN for Riders by Late 2025

        OpenAI’s $3bn Deal with Windsurf Collapses As Google Interferes 

        OpenAI’s $3bn Deal with Windsurf Collapses As Google Interferes 

        Scientists Say Humans Could Be Immortal by 2030

        UN Urges Action Against Deepfakes and AI Misinformation

        Recruit to Cut 1,300 Jobs as AI Reshapes Indeed, Glassdoor

        Recruit to Cut 1,300 Jobs as AI Reshapes Indeed, Glassdoor

        Bolt Cuts Offline Trips by 42% with Real-time Monitoring

        Bolt Cuts Offline Trips by 42% with Real-time Monitoring

        Japan Internet Speed

        Japan New Internet Speed Can Download all Netflix Contents in 1 Second

        Nvidia Tops $4 Trillion, Becomes World’s Most Valuable Company

        Nvidia Tops $4 Trillion, Becomes World’s Most Valuable Company

        Trending Tags

        • Opinions
          Multichoice Announces Price Hike for DStv and GOtv Subscriptions Effective March 2025

          Multichoice Announces Price Hike for DStv and GOtv Subscriptions Effective March 2025

          Nigeria’s Oil and Gas Sector in Crisis

          The Tax reform bill and devolution of powers-Dr.Olisa Agbakoba, SAN

          The Nigerian Tax Reform Bill: A Slap in the Face of Federalism, By Muhammad Jibrin Barde

          The Nigerian Tax Reform Bill: A Slap in the Face of Federalism, By Muhammad Jibrin Barde

          Constitutional Issues Relating To The Finance (Amendment) Act 2024, By Olisa Agbakoba

          Constitutional Issues Relating To The Finance (Amendment) Act 2024, By Olisa Agbakoba

          The Impact of the Lagos-Calabar Coastal Road on Nigeria’s Real Estate Sector

          The Impact of the Lagos-Calabar Coastal Road on Nigeria’s Real Estate Sector

          Trending Tags

          • Governance
            Meta to end fact-checking program, shifts to Community Notes

            Meta, WhatsApp Fined $220M by Nigerian Tribunal Over Data Breach

            Nigeria Debt reduces with IMF still public debt remains high.

            Nigeria Debt reduces with IMF still public debt remains high.

            Lagos State Advances Tenant Protections with Monthly Rent Policy and Digital Payment Platform

            Lagos State Advances Tenant Protections with Monthly Rent Policy and Digital Payment Platform

            FG Commissions 400kW Solar Plant at Yobe Hospital

            FG Commissions 400kW Solar Plant at Yobe Hospital

            SEC Delays New Crypto Licences, Citing More Due Diligence

            SEC Delays New Crypto Licences, Citing More Due Diligence

            FG Unveils Plan to Boost Digital Service Provider Expansion Across Africa

            FG Unveils Plan to Boost Digital Service Provider Expansion Across Africa

            JAMB Traps at least 180 Candidates Who Paid for “Runs” With Fake Websites

            JAMB Traps at least 180 Candidates Who Paid for “Runs” With Fake Websites

            China Escalates Trade War with U.S. by Raising Tariffs to 125%

            China Escalates Trade War with U.S. by Raising Tariffs to 125%

            U.S. and China Lock Horns Again

            U.S. and China Lock Horns Again

            Trending Tags

            No Result
            View All Result
            • Business
              • All
              • Analysis
              • Features
              • Interviews
              • News
              Former President Muhammadu Buhari is Dead

              Vice President Kashim Shettima Arrives Katsina with the Body of Former President Muhammadu Buhari from London

              Legend Internet Plc: Nigeria’s Emerging Tech Powerhouse

              July 15 Declared Public Holiday to Honor Buhari, FG Announces

              July 15 Declared Public Holiday to Honor Buhari, FG Announces

              Awujale, Oba Sikiru Adetona, Dies at 91 After 65 Years on the Throne

              Awujale, Oba Sikiru Adetona, Dies at 91 After 65 Years on the Throne

              Former President Muhammadu Buhari is Dead

              Former President Muhammadu Buhari is Dead

              NGX Weekly Market Wrap: All-Share Index Climbs to 126,149.57

              NGX Weekly Market Wrap: All-Share Index Climbs to 126,149.57

              Trending Tags

              • Lifestyle
                • All
                • Features
                • News
                Ladies, Your Dog May Be the Best Bedmate, Science Says So

                Ladies, Your Dog May Be the Best Bedmate, Science Says So

                DStv May Launch Affordable Sports-Only Package Soon

                DStv May Launch Affordable Sports-Only Package Soon

                2025 Is Now Halfway Over!

                2025 Is Now Halfway Over!

                56% of Men Say They Never Got Their Hoodies Back After Lending Them to a Girl — Are You Part of This Stat?

                56% of Men Say They Never Got Their Hoodies Back After Lending Them to a Girl — Are You Part of This Stat?

                “Flatmates” Star and Producer Kayode Peters Dies at 49

                “Flatmates” Star and Producer Kayode Peters Dies at 49

                “Russia Says Lights Out, Love On: The Wild Plan to Fix Falling Birth Rates

                “Russia Says Lights Out, Love On: The Wild Plan to Fix Falling Birth Rates

                Anna Wintour Steps Down After 37 Years as Vogue’s Queen Bee

                Anna Wintour Steps Down After 37 Years as Vogue’s Queen Bee

                Christmas is Six Months Away!

                Christmas is Six Months Away!

                Messi turns 38 today!

                Messi turns 38 today!

                Trending Tags

                • Tech
                  • All
                  • Features
                  • News
                  FRSC Launches Sleek New Website to Cut Road Service Delays

                  FRSC Launches Sleek New Website to Cut Road Service Delays

                  FirstBank Adds Facial ID, No Card Needed to Register

                  FirstBank Adds Facial ID, No Card Needed to Register

                  Bolt Cuts Offline Trips by 42% with Real-time Monitoring

                  Bolt May Require NIN for Riders by Late 2025

                  OpenAI’s $3bn Deal with Windsurf Collapses As Google Interferes 

                  OpenAI’s $3bn Deal with Windsurf Collapses As Google Interferes 

                  Scientists Say Humans Could Be Immortal by 2030

                  UN Urges Action Against Deepfakes and AI Misinformation

                  Recruit to Cut 1,300 Jobs as AI Reshapes Indeed, Glassdoor

                  Recruit to Cut 1,300 Jobs as AI Reshapes Indeed, Glassdoor

                  Bolt Cuts Offline Trips by 42% with Real-time Monitoring

                  Bolt Cuts Offline Trips by 42% with Real-time Monitoring

                  Japan Internet Speed

                  Japan New Internet Speed Can Download all Netflix Contents in 1 Second

                  Nvidia Tops $4 Trillion, Becomes World’s Most Valuable Company

                  Nvidia Tops $4 Trillion, Becomes World’s Most Valuable Company

                  Trending Tags

                  • Opinions
                    Multichoice Announces Price Hike for DStv and GOtv Subscriptions Effective March 2025

                    Multichoice Announces Price Hike for DStv and GOtv Subscriptions Effective March 2025

                    Nigeria’s Oil and Gas Sector in Crisis

                    The Tax reform bill and devolution of powers-Dr.Olisa Agbakoba, SAN

                    The Nigerian Tax Reform Bill: A Slap in the Face of Federalism, By Muhammad Jibrin Barde

                    The Nigerian Tax Reform Bill: A Slap in the Face of Federalism, By Muhammad Jibrin Barde

                    Constitutional Issues Relating To The Finance (Amendment) Act 2024, By Olisa Agbakoba

                    Constitutional Issues Relating To The Finance (Amendment) Act 2024, By Olisa Agbakoba

                    The Impact of the Lagos-Calabar Coastal Road on Nigeria’s Real Estate Sector

                    The Impact of the Lagos-Calabar Coastal Road on Nigeria’s Real Estate Sector

                    Trending Tags

                    • Governance
                      Meta to end fact-checking program, shifts to Community Notes

                      Meta, WhatsApp Fined $220M by Nigerian Tribunal Over Data Breach

                      Nigeria Debt reduces with IMF still public debt remains high.

                      Nigeria Debt reduces with IMF still public debt remains high.

                      Lagos State Advances Tenant Protections with Monthly Rent Policy and Digital Payment Platform

                      Lagos State Advances Tenant Protections with Monthly Rent Policy and Digital Payment Platform

                      FG Commissions 400kW Solar Plant at Yobe Hospital

                      FG Commissions 400kW Solar Plant at Yobe Hospital

                      SEC Delays New Crypto Licences, Citing More Due Diligence

                      SEC Delays New Crypto Licences, Citing More Due Diligence

                      FG Unveils Plan to Boost Digital Service Provider Expansion Across Africa

                      FG Unveils Plan to Boost Digital Service Provider Expansion Across Africa

                      JAMB Traps at least 180 Candidates Who Paid for “Runs” With Fake Websites

                      JAMB Traps at least 180 Candidates Who Paid for “Runs” With Fake Websites

                      China Escalates Trade War with U.S. by Raising Tariffs to 125%

                      China Escalates Trade War with U.S. by Raising Tariffs to 125%

                      U.S. and China Lock Horns Again

                      U.S. and China Lock Horns Again

                      Trending Tags

                      No Result
                      View All Result
                      Spectra Africa
                      No Result
                      View All Result
                      • Business
                      • Lifestyle
                      • Tech
                      • Opinions
                      • Governance

                      Brent Crude Surges Above $81 Amid Fresh U.S. Sanctions on Russian Oil

                      Ojelade Oluwamayowa by Ojelade Oluwamayowa
                      6 months ago
                      in Business
                      Brent Crude Surges Above $81 Amid Fresh U.S. Sanctions on Russian Oil

                      #image_title

                      Global oil prices experienced a sharp rise on Monday as Brent crude soared past $81 per barrel following new U.S.-imposed sanctions on Russia’s energy sector. The sanctions, aimed at reducing Russia’s oil export capacity, have sent shockwaves through the global oil market, prompting emergency responses from major importers like China and India.

                      The latest sanctions, announced last Friday, target key players in Russia’s oil trade, including shipping firms, insurance companies, and over 150 tankers. These measures are part of ongoing efforts by the U.S. and its allies to pressure Moscow into negotiating a peace settlement with Ukraine. The sanctions come at a time when the oil market was already anticipating a surplus, making the sudden surge in prices unexpected and concerning for traders and refiners worldwide.

                      Reports indicate that independent refiners in China and traders in India held urgent meetings to assess the potential impact of the sanctions on their ongoing and future oil imports from Russia. Many of these traders are concerned that the new restrictions could disrupt crude deliveries already in transit, leading to prolonged supply chain challenges that may last for up to six months.

                      Since the conflict between Russia and Ukraine began, the U.S. and Europe have introduced several rounds of sanctions against Moscow. However, countries like China and India have continued to import significant amounts of Russian oil, with India emerging as one of the top buyers. Despite Western criticism, China has defended its trade with Russia, with President Xi Jinping arguing that no single nation has the authority to impose unilateral sanctions on another sovereign state.

                      The latest sanctions also target Russian energy giants Gazprom Neft and Surgutneftegas, both of which export nearly one million barrels of crude daily. The blacklist now includes over 20 subsidiaries of these companies, along with more than 180 vessels linked to Russia’s so-called “shadow fleet” — ships used to bypass previous embargoes. The Biden administration’s move to double the number of targeted oil tankers reflects the urgency of its efforts to restrict Russia’s oil revenues.

                      While the sanctions aim to weaken Russia’s economy and bolster Ukraine’s position in potential peace negotiations, they also pose significant risks to global oil supplies. Industry analysts have warned that a substantial reduction in Russian exports could disrupt the global oil market, eating into the anticipated surplus of one million barrels per day projected for this year.

                      As the sanctions take effect, oil traders around the world are bracing for further market volatility. The ripple effects of the sanctions could lead to sustained high prices, particularly if Russian supply losses are more severe than anticipated. Independent refiners and traders in major oil-importing countries like China and India will likely continue to monitor the situation closely as they navigate the evolving landscape of global energy trade.

                      The latest sanctions on Russia are part of a broader geopolitical strategy by the U.S. and its allies to curtail Moscow’s influence and hasten an end to the war in Ukraine. However, these measures could also have significant consequences for the global oil market, potentially leading to prolonged supply disruptions and higher prices in the months ahead.

                      Ojelade Oluwamayowa
                      + postsBio
                      • Ojelade Oluwamayowa
                        https://spectraafrica.com/author/ojelade/
                        Vice President Kashim Shettima Arrives Katsina with the Body of Former President Muhammadu Buhari from London
                      • Ojelade Oluwamayowa
                        https://spectraafrica.com/author/ojelade/
                        Legend Internet Plc: Nigeria’s Emerging Tech Powerhouse
                      • Ojelade Oluwamayowa
                        https://spectraafrica.com/author/ojelade/
                        Former President Muhammadu Buhari is Dead
                      • Ojelade Oluwamayowa
                        https://spectraafrica.com/author/ojelade/
                        NGX Weekly Market Wrap: All-Share Index Climbs to 126,149.57
                      author avatar
                      Ojelade Oluwamayowa
                      See Full Bio
                      ShareTweetSendShareSend
                      Advertise with us Advertise with us Advertise with us
                      Previous Post

                      Governor Seyi Makinde Officially Crowns New Alaafin of Oyo, Abimbola Akeem Owoade

                      Next Post

                      First Bank Eyes Expansion into New African Markets

                      Next Post
                      F

                      First Bank Eyes Expansion into New African Markets

                      Leave a Reply Cancel reply

                      Your email address will not be published. Required fields are marked *

                      Stay Connected

                      Advertise with us at Spectra 24
                      • Trending
                      • Comments
                      • Latest
                      How I Discovered My Brain Was Playing Hide and Seek with ADHD, By Vrengzak Dayol

                      How I Discovered My Brain Was Playing Hide and Seek with ADHD, By Vrengzak Dayol

                      August 7, 2024
                      FBI Nabs Nigerian ‘Tech Queen’ Over $1.3M Cyber Fraud

                      FBI Nabs Nigerian ‘Tech Queen’ Over $1.3M Cyber Fraud

                      June 5, 2025
                      Joe Biden Withdraws from Presidential Race

                      Joe Biden Withdraws from Presidential Race

                      July 21, 2024
                      TECO GROUP

                      TECO GROUP to Unveil Palm Oil Processing Innovation at Agrofood Nigeria 2025

                      March 22, 2025
                      Coronation Merchant Bank records 62% growth in gross earnings in 2023

                      Coronation Merchant Bank records 62% growth in gross earnings in 2023

                      0
                      The Impact of the Lagos-Calabar Coastal Road on Nigeria’s Real Estate Sector

                      The Impact of the Lagos-Calabar Coastal Road on Nigeria’s Real Estate Sector

                      0
                      Nigeria's Debt Burden Hits Historic Milestone, Challenges Economic Resilience

                      Nigeria’s Debt Burden Hits Historic Milestone, Challenges Economic Resilience

                      0
                      Olubunmi Kuku made history as the first female Managing Director of the Federal Airports Authority of Nigeria (FAAN)

                      Olubunmi Kuku made history as the first female Managing Director of the Federal Airports Authority of Nigeria (FAAN)

                      0
                      Former President Muhammadu Buhari is Dead

                      Vice President Kashim Shettima Arrives Katsina with the Body of Former President Muhammadu Buhari from London

                      July 15, 2025
                      FRSC Launches Sleek New Website to Cut Road Service Delays

                      FRSC Launches Sleek New Website to Cut Road Service Delays

                      July 15, 2025
                      FirstBank Adds Facial ID, No Card Needed to Register

                      FirstBank Adds Facial ID, No Card Needed to Register

                      July 15, 2025

                      Legend Internet Plc: Nigeria’s Emerging Tech Powerhouse

                      July 14, 2025

                      Recent News

                      Former President Muhammadu Buhari is Dead

                      Vice President Kashim Shettima Arrives Katsina with the Body of Former President Muhammadu Buhari from London

                      July 15, 2025
                      FRSC Launches Sleek New Website to Cut Road Service Delays

                      FRSC Launches Sleek New Website to Cut Road Service Delays

                      July 15, 2025
                      FirstBank Adds Facial ID, No Card Needed to Register

                      FirstBank Adds Facial ID, No Card Needed to Register

                      July 15, 2025

                      Legend Internet Plc: Nigeria’s Emerging Tech Powerhouse

                      July 14, 2025
                      Spectra 24 Logo 231 x 56

                      At Spectra, we're more than just a news website. We are your gateway to a dynamic world where technology, business, and lifestyle stories come together to create a richer, more vivid picture.

                      Follow Us

                      • About Us
                      • Advertise with us
                      • Privacy & Policy
                      • Contact Us

                      © 2024 Spectra24 - Your window into the future. Designed & Developed by DOT Impressions

                      No Result
                      View All Result
                      • Home
                      • About Us
                      • Contact Us
                      • Advertise with us

                      © 2024 Spectra24 - Your window into the future. Designed & Developed by DOT Impressions