Browsing Tag
Energy
47 posts
International Oil Prices Jump by Over Four Percent
Global crude oil prices rose by over 4 percent due to Middle East tensions, causing local fuel price adjustments in Nigeria.
US-Iran Tensions Cause Significant Decline in Strait of Hormuz Shipping Traffic
Heightened tensions between the US and Iran have led to a sharp decrease in vessel traffic through the Strait of Hormuz, threatening global energy supply chains.
Petrol Importers Raise Depot Prices to N1,350 Per Litre
Petrol importers are raising depot prices to N1,350 per litre starting July 17, citing increased import costs and global shipping disruptions.
Dangote Refinery Addresses Rumors Regarding Petrol Sales Suspension
Dangote Refinery officially denies reports of halted petrol sales, clarifying that its 700,000-barrel-per-day operation continues as depot owners hike prices.
Nigeria records highest oil production in over six years
Nigeria has reached a 74-month production high of 1.56 million barrels per day, exceeding its OPEC target through improved security and stable operations.
Ukrainian drone strike triggers fire at Russian refinery, resulting in casualties
Ukrainian drone strikes in Russia's Samara region caused fatalities, injuries, and a fire at the Syzran oil refinery, exacerbating national fuel shortages.
Moscow dismisses American assertion that Ukrainian attacks will hasten conflict resolution
The Kremlin rejected suggestions from US officials that Ukrainian drone strikes on Russian energy targets could speed up peace negotiations, warning instead that such actions will only prolong the fighting.
Russia halts diesel exports to counter domestic shortages after Ukrainian strikes
Russia has stopped diesel exports until the end of July to address severe domestic fuel shortages caused by Ukrainian drone attacks on energy refineries.
Russia Prohibits Diesel Exports Following Strikes on Refineries
Russia has prohibited diesel exports through July to counter domestic fuel shortages fueled by Ukrainian drone attacks on energy infrastructure.
Russia implements diesel export ban following Ukrainian strikes on refineries
Russia has suspended diesel exports until late July in response to fuel shortages caused by Ukrainian drone attacks on its energy facilities.