Oil falls as markets weigh US strikes on Iran and Hormuz risks
By 07:49 GMT on 9 July, Brent had fallen by $1.03 to $76.99/bbl, while WTI had dropped by $0.88 to $72.64/bbl.
09 July 2026
09 July 2026
By 07:49 GMT on 9 July, Brent had fallen by $1.03 to $76.99/bbl, while WTI had dropped by $0.88 to $72.64/bbl.
Policy support and large-scale investments keep North America at the forefront of global renewable refinery capacity additions.
The project is expected to add 40,000bpd of oil production in Nigeria.
The Nigerian FLNG facility is designed to process 176mcf/d once operational.
Situated approximately 360km south of New Orleans, Louisiana, US, the Big Foot field operates at a water depth of around 1,600m.
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