Petrol prices are dropping across major Nigerian markets as crude oil prices fall globally. The Dangote Petroleum Refinery and other marketers have reduced their pump supply prices in Lagos, Port Harcourt, Calabar and Warri. The biggest cuts came in Lagos, where several operators reduced prices by up to N25 per litre. The Dangote Refinery reduced…
Oil hits $100 as US-Iran strikes and Houthi attacks raise fears over global oil supplies and fuel prices. Oil prices have climbed to $100 a barrel as fresh US-Iran attacks shake the Middle East. Brent crude, the global oil benchmark, briefly reached $100 before falling to $99.90. It was the highest price since July. The…
Oil prices hit $100 per barrel after fresh Red Sea attacks increased fears over Middle East supply. Here’s what it means for global markets and fuel prices. Oil prices have climbed above $100 per barrel for the first time since May. The jump followed fresh attacks in the Red Sea that raised fears about global…
Oil prices jumped by 4% on Wednesday as the conflict between the United States and Iran intensified. Fresh overnight strikes by US forces raised fears of a bigger disruption to global oil supplies. Brent crude climbed above $94 per barrel, while US West Texas Intermediate traded close to $87. The latest increase also renewed concerns…
