KEY POINTS The Dangote Refinery has increased its ex-gantry price for Premium Motor Spirit (PMS), commonly known as petrol, to N1,175 per litre, marking a N100 rise from its previous …
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global oil prices
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KEY POINTS The International Energy Agency, IEA, has warned that the ongoing conflict in the Middle East is causing what could become the largest supply disruption in the history of …
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In the NewsMarketsOil & Gas
Domestic Refining Cannot Fully Shield Nigeria from Global Fuel Price Swings – CPPE
KEY POINTS Nigeria’s growing domestic refining capacity may improve energy security and reduce dependence on imports, but it cannot completely shield the country from fluctuations in global fuel prices, according …
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In the NewsMarketsOil & Gas
Dangote Refinery Raises Petrol Price to N995 Per Litre as Global Oil Costs Surge
KEY POINTS The Dangote Refinery has raised the ex-gantry price of Premium Motor Spirit, petrol, to N995 per litre, marking a N121 increase from its previous rate of N874 per …
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KEY POINTS Global oil prices have surged past $90 per barrel following the escalating conflict involving Iran, triggering fears of another wave of global inflation. The international oil benchmark, Brent …
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Oil prices dropped by nearly $4 as Israel showed restraint on striking Iran, easing concerns about supply disruptions and bringing temporary market relief
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Russia’s move to curtail oil production underscores its commitment to the OPEC+ alliance and its efforts to influence global oil prices. This decision comes amidst ongoing market uncertainties stemming from …