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 …
Iran War
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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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In the NewsMarketsOil & Gas
Oil Prices Climb Above $84 as Middle East Tensions Raise Fears of Global Supply Disruption
KEY POINTS Global oil prices rose sharply on Tuesday as escalating tensions in the Middle East raised concerns about a prolonged conflict and the potential disruption of global energy supply. …
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KEY POINTS • Iraq has sharply cut oil production because the Strait of Hormuz closure has stopped exports and tankers from reaching ports.• Major oilfields including Rumaila, West Qurna 2 …
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KEY POINTS The International Monetary Fund, IMF, said Tuesday it is closely monitoring the unfolding turmoil in the Middle East, pointing to disruptions in trade, rising energy prices and growing …
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In the NewsOil & Gas
Middle East War Tensions Raise Fears of Petrol Price Hike in Nigeria, Marketers Warn
KEY POINTS Oil marketers in Nigeria, PETROAN, are raising fresh concerns that the escalating military confrontation involving the United States, Iran and Israel could soon hit home in the form …
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In the NewsOil & Gas
Gas Prices Jump Worldwide as Iran-Linked Attacks Force QatarEnergy to Halt LNG Production
KEY POINTS Global energy markets were thrown into fresh turmoil on Monday after QatarEnergy announced it had stopped producing liquefied natural gas (LNG) following drone attacks linked to Iran. The …
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In the NewsOil & Gas
Middle East Strikes Disrupt Major Oil and Gas Facilities, Global Energy Prices Soar
KEY POINTS Fresh attacks across the Middle East have forced the shutdown of key oil and gas facilities in Qatar, Saudi Arabia, Iraq, and Israel, sending shockwaves through global energy …