BREAKING: Dangote Refinery slashes petrol price to N1,200/litre
Dangote Refinery has reduced the price of petrol, bringing down the ex-gantry cost of Premium Motor Spirit (PMS) by N75 to N1,200 per litre, according to industry sources. This price drop comes shortly after the refinery had increased petrol to about N1,275 per litre, blaming the earlier rise on global oil market instability that raised […]
Oil Prices Surge Past $100 As Iran Names New Supreme Leader, Global Shares slide
Oil prices surged past $100 per barrel on Monday as geopolitical tensions escalated in the Middle East following the selection of Ayatollah Mojtaba Khamenei as Iran’s new supreme leader. WTI crude reached $108.66, while Brent crude hit $108.69, marking sharp gains in early Asian trading. The spike comes amid ongoing conflict between Iran, the U.S., […]
Oil Jumps 10 Percent On Iran Conflict, Could Spike To $100 A Barrel
Brent crude prices jumped 10% to about $80 a barrel on Sunday as the U.S. and Israel launched strikes on Iran, raising fears over Middle East oil supply. Analysts warn prices could climb to $100 a barrel if tensions continue. Traders cited the potential closure of the Strait of Hormuz, a vital route for over […]
Global Oil Prices Fall to $71 as Major Producer Lowers Rates
Global oil prices have dropped to $71 per barrel, staying below the $75 mark. This comes after Saudi Aramco, one of the world’s top oil companies, reduced prices for its Asian customers. OPEC’s struggles to stabilize the market and weaker global demand are also playing a big role in this decline. Saudi Aramco lowered its […]