Trump reveals way to reduce oil prices
U.S. President Donald Trump has suggested releasing oil from the country’s emergency reserves to help reduce rising fuel prices. Speaking in an interview with Local 12, Trump said the United States could use part of its stored oil supply to stabilise the market and later refill the reserves once prices drop. According to Trump, the […]
Petrol Price Could Hit ₦2,000/litre If US-Iran War Persists, PETROAN Warns
The Petroleum Products Retail Outlets Owners Association of Nigeria has warned that petrol prices in Nigeria could rise sharply if the ongoing conflict in the Middle East continues. According to the association, the price of petrol may climb to around ₦2,000 per litre in the coming weeks. The National President of PETROAN, Billy Gillis-Harry, said […]
Iran is ready for a long war with the US and only economic pain will end it – Iranian official
A senior Iranian official has said the country is ready for a prolonged conflict with the United States. Kamal Kharazi explained that Iran believes the war could continue unless strong economic pressure forces other countries to step in and push for peace. Speaking during an interview, Kharazi said diplomacy is currently unlikely. He accused Donald […]
US Oil Imports From Nigeria To Drop As Trump Plans Energy Emergency Order
President Trump’s proposed energy policies, including a national energy emergency declaration, aim to increase oil and gas production in the United States. These plans could significantly reduce the US demand for imported crude oil, including from Nigeria, affecting Nigeria’s oil exports and revenue. The United States once imported a significant portion of its crude oil […]
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 […]