Browsing Tag
Energy Market
8 posts
Nigeria Unaffected as Select OPEC+ Nations Boost Production
Nigeria remains exempt from the latest OPEC+ production increase, allowing the nation to continue its independent strategy for raising oil output within its established quota.
Shell Profits Soar as Conflict With Iran Drives Oil Prices Higher
Shell's second-quarter profits reached $9.84 billion as the conflict involving Iran caused global oil prices to climb significantly.
Global oil costs jump more than 6% following recent slide
Global oil prices rallied over 6 percent on Wednesday, driven by Middle East tensions, while Nigerian petrol prices hit record highs.
Global oil prices reach $100 per barrel amidst Middle East tensions
Oil prices have climbed to $100 per barrel for the first time since May as renewed conflict in the Middle East sparks supply concerns and fuels inflation fears.
S&P Global Reports Dangote Refinery Acts as Buffer Against Global Fuel Price Volatility
A report from S&P Global reveals that the Dangote Refinery is keeping Nigerian fuel prices stable by absorbing global cost increases and setting a domestic price ceiling that prevents import-driven inflation.
Depot operators align petrol prices with Dangote Refinery rates
Petroleum depot owners have lowered their ex-depot petrol prices to N1,075 per litre to match the rates recently established by the Dangote Refinery.
Diesel costs climb across key hubs while petrol remains steady
Diesel prices have spiked in major Nigerian cities like Lagos and Port Harcourt, while petrol costs remain stable due to competitive pressure from the Dangote Refinery and other key suppliers.
Fuel Prices Drop at Nigerian Stations Following Dangote Refinery Adjustments
Several Nigerian fuel stations have lowered pump prices by up to N55 per litre, following recent pricing adjustments at the Dangote Refinery.