Markets

KEY POINTS According to new data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria’s daily fuel consumption fell precipitously in June, with overall supply levels reaching one …

KEY POINTS Dangote refinery has lowered the wholesale price of gasoline, the second big action in two months to stabilize supply and ease pressure on petrol prices. On Tuesday, Dangote …

KEY POINTS In a candid revelation from his upcoming memoir, Making It Big: Lessons from a Life in Business, Femi Otedola, Nigeria’s billionaire investor and philanthropist, shares a harrowing chapter …

KEY POINTS Oil marketers in Nigeria are sounding the alarm over Dangote Refinery’s plan to distribute fuel directly to end-users, warning that the move could destabilize the downstream petroleum supply …

OPEC+ plans a major oil output hike by November as Saudi Arabia cracks down on members violating production quotas

Oil prices fall as the US-China trade war raises concerns over global economic growth and reduced fuel demand

Shell lowers its LNG production forecast for the first quarter due to cyclones and unplanned maintenance, expecting output between 6.4-6.8 million tons

Oil prices drop 6% following new tariffs and OPEC+ output increase, marking the steepest decline since 2022

Australia’s mining and energy export earnings are projected to fall 6% in 2024 as iron ore prices dip and Chinese demand slows

Oil prices rise as traders assess U.S. tariffs and tightening crude supplies, with concerns about the global economy