Global Oil Market
Iran Says US Can No Longer Dictate Terms Amid Hormuz Negotiations
Iran has declared that the United States is no longer in a position to dictate policies to other nations, as Washington reviews Tehran’s...
Trump Threatens Strait Blockade as US Iran Talks Collapse
US President Donald Trump has announced plans for an immediate naval blockade of the Strait of Hormuz following the breakdown of peace talks...
Petrol Price Fears Rise in Nigeria as Global Oil Surges on Middle East Tensions
Concerns are mounting across Nigeria over a possible increase in petrol prices as global crude oil markets react sharply to escalating tensions involving...
Europe May Turn to Nigeria’s Dangote Refinery Amid Middle East Jet Fuel Shortages
Europe could increasingly rely on Nigeria’s Dangote refinery for jet fuel as supply disruptions in the Middle East tighten the market, a recent...
Iran Conflict Could Boost Nigeria’s Economy and Strengthen the Naira
Nigeria may benefit economically from the ongoing Middle East conflict as rising global oil prices could strengthen the naira and reduce the country’s...
Oil Prices Hold Above 100 Dollars as Middle East Conflict Strains Global Supply
Global oil markets remain under intense pressure as crude prices continue to trade above 100 dollars per barrel amid escalating conflict in the...
United States Temporarily Eases Sanctions to Allow Sale of Russian Oil to India
The government of the United States has announced a temporary easing of economic sanctions on Russia to allow stranded Russian oil shipments at...
Libya Signs 25 Year Oil Deal With TotalEnergies and ConocoPhillips
Libya has approved a major long term oil development agreement with French energy giant TotalEnergies and United States based ConocoPhillips in a deal...
Crude Oil Surge May Push Petrol and sel Prices Higher in Nigeria
Fuel consumers in Nigeria may soon face higher pump prices as global crude oil prices climb above $66 per barrel, with industry experts...
