Despite the production of Premium Motor Spirit, popularly known as petrol by Dangote Refinery, a fresh round of scarcity of the product has hit some parts...
Global oil prices appreciated slightly on Monday during the Asian trading session, following last week’s interest rate cut in the United States and a decline in...
A fresh crisis is brewing in Nigeria’s Petroleum Industry over the new price list for Premium Motor Spirit (PMS), known as petrol. The Nigerian National Petroleum...
Crude gained on Tuesday following Hurricane Francine disruption in the U.S. and the possibility of an interest rate cut in the U.S. These two factors have...
Oil prices rose on Friday, extending a rally sparked by output disruptions in the U.S. Gulf of Mexico, where Hurricane Francine forced producers to evacuate platforms...
Oil jumped in Asian trading on Monday as a potential hurricane system approached the U.S. Gulf Coast, and as markets recovered from a selloff following weaker-than-expected...
Oil prices made a modest recovery on Thursday on the expectations that OPEC+ may delay planned production increases and the drop in U.S. crude inventories. Brent...
Oil prices stabilised on Monday as Libyan oil exports remained halted and following losses at the end of last week on expectations of higher OPEC+ production...
Nigeria’s Dangote Refinery has begun processing gasoline after delays caused by recent crude shortages, an executive said on Monday. The $20 billion refinery on the outskirts...
Oil prices found stability on Thursday after two consecutive days of losses as concerns over supply disruptions in Libya countered weaker-than-expected U.S. crude inventory draws. Brent...