Tag: Oil Market

Imported petrol 12% cheaper than Dangote? Refiners say quality gap changes the story

Business Damilola Bayonle -
Imported Petrol 12% Cheaper? Refiners Fire Back at World Bank Over Dangote Pricing in Nigeria Fuel Clash Nigeria’s fuel pricing...

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...

Nigeria targets fresh oil output boost as NNPCL eyes 100,000bpd increase amid global supply pressure

Business Damilola Bayonle -
Nigeria is projecting a near-term boost in crude oil production as reforms within its energy sector begin to yield...

Africa turns to Dangote refinery as fuel crisis deepens amid global supply disruptions

Business Damilola Bayonle -
African economies are increasingly pivoting toward local refining capacity as global supply disruptions reshape fuel sourcing dynamics, with the...

Fuel Shock: Dangote petrol price hike again as costs hit N1,275/Litre

Business Damilola Bayonle -
Nigeria’s downstream oil sector faced fresh turbulence on Saturday as a new Dangote petrol price hike pushed the ex-depot...

NNPC moves to stabilise fuel supply as Dangote Refinery faces crude supply shortfall amid global oil surge

Business Damilola Bayonle -
NNPC boosts crude supply to Dangote amid price surge Nigeria’s energy landscape is undergoing a critical stress test as global...

Petrol price surge pushes fuel above ₦1,300 as Nigerians demand urgent government relief

Business Damilola Bayonle -
Petrol price surge deepens economic pressure as global tensions push costs higher Nigeria is facing renewed economic pressure as a...

Oil market holds steady amid Ukraine peace talks and U.S. Fed rate decision

Business Damilola Bayonle -
The global oil market held steady on Wednesday as investors cautiously awaited developments in Ukraine peace talks and a...

OPEC+ production adjustment targets market stability amid steady economic outlook

Business Damilola Bayonle -
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, has agreed to a modest production...

Imported petrol landing cost falls to ₦829/litre as FG implements 15% tariff policy

Business Damilola Bayonle -
The average imported petrol landing cost has dropped to ₦829.77 per litre, marking a continued decline that reflects easing...