Tag: Crude oil prices

Petrol prices hit N1,300 after 643% surge since subsidy removal as oil nears $100

Business Damilola Bayonle -
The price of Premium Motor Spirit (PMS), popularly known as petrol, has risen by approximately 643 per cent in...

Federation oil earnings crash despite global oil rally as Nigeria faces fresh revenue pressure

Business Damilola Bayonle -
Federation oil earnings fall sharply despite rising crude oil prices Federation oil earnings from Nigerian National Petroleum Company Limited’s Production...

Dangote slashes petrol price to N1,200 as Trump-Iran ceasefire crashes oil market

Business Damilola Bayonle -
Nigeria’s fuel pricing landscape witnessed another sharp shift on Wednesday as Dangote Petroleum Refinery reversed its recent petrol price...

OPEC+ plans May output increase but global supply disruptions threaten impact

Business Damilola Bayonle -
Global oil markets are entering a period of heightened volatility as producers attempt to stabilise supply amid deepening geopolitical...

Middle East crisis pushes global buyers to Nigeria as oil, gas demand surges

Business Damilola Bayonle -
Nigeria oil gains from Middle East crisis reshape global energy dynamics Nigeria is emerging as one of the biggest beneficiaries...

Oil prices demand destruction: Why global markets are yet to crack amid energy crisis

Business Damilola Bayonle -
Oil Prices Demand Destruction: Global Markets Brace as Energy Shock Deepens Global oil markets are navigating one of their most...

Crude oil hits $112 as Nigeria battles fresh petrol price surge and rising costs

Business Damilola Bayonle -
Crude oil prices surge above $112 as global tensions drive petrol spike in Nigeria Nigeria’s energy market is facing renewed...

Global oil shock: OPEC abandons production freeze plan as supply crisis deepens

Business Damilola Bayonle -
OPEC Production Freeze Plan Unrealistic as Supply Disruptions Deepen Global Oil Crisis The OPEC production freeze plan for the first...

Oil shock deepens as TotalEnergies cuts 15% of production amid Middle East crisis

Business Damilola Bayonle -
Escalating geopolitical tensions in the Middle East are beginning to exert significant pressure on global energy markets, with major...

Oil Boom Window Opens: Nigeria Urges Operators to Boost Production as Prices Surge

Business Damilola Bayonle -
Nigeria’s oil and gas sector is once again at a critical crossroads, as rising global crude prices create a...

NNPCL raises petrol price again to N967 per litre as crude oil surges above $90

Business Damilola Bayonle -
Motorists in Nigeria are facing another round of fuel price adjustments after the Nigerian National Petroleum Company Limited announced...

OPEC+ raises oil quotas amid Middle East tension as Strait of Hormuz risks rattle global markets

Business Damilola Bayonle -
OPEC+ raises oil quotas amid Middle East tension as markets brace for volatility Global crude markets are on edge after...