BREAKING: Dangote refinery hikes fuel price to N1,245/litre
The Dangote Petroleum Refinery in Nigeria announced a price increase for petrol to N1,245 per litre, citing global geopolitical tensions as the reason for the hike.
The 'Plan B' that Emerged at the Yacht Club to Reactivate the Economy and Return to the Markets
Economists at an event in Buenos Aires proposed corrective measures to address emerging market concerns, amidst geopolitical tensions affecting global growth and inflation.
USA: 30-day exemption from sanctions for purchasing Russian oil at sea
The United States has granted a 30-day exemption from sanctions for countries to purchase Russian oil and petroleum products that are already loaded onto tankers at sea during an effort to stabilize international energy markets.
US Shows Favoritism Towards Russia Amid Iran War, Issues 30-Day License to Purchase Stranded Oil
The US has issued a 30-day license for countries to buy stranded oil and petroleum products from Russia, aiming to stabilize global energy markets amidst turmoil from the Iran war.
Dangote Refinery buys Nigerian crude at international prices — CEO
The CEO of Dangote Petroleum Refinery, David Bird, highlights that fuel prices are expected to remain high due to the refinery's reliance on international commodity markets for crude oil.
Markets do not anticipate a rise in barrel prices but reward U.S. oil companies.
Despite not expecting an increase in barrel prices, markets are favoring U.S. oil companies with positive rewards.