global oil prices

KEY POINTS Nigeria is grappling with the fallout of a fresh global oil shock as crude prices climb above $100 per barrel, intensifying fears of stagflation across major economies. The …

KEY POINTS The Dangote Petroleum Refinery has partnered with major fuel marketers to ensure steady nationwide supply and reduce the risks associated with relying on a single source for petroleum …

KEY POINTS Importers across the Gulf region are racing to find alternative supply routes following the effective shutdown of the Strait of Hormuz, a vital maritime corridor that supports the …

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 …

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 …

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 …

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 …

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 …

Oil prices dropped by nearly $4 as Israel showed restraint on striking Iran, easing concerns about supply disruptions and bringing temporary market relief

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 …