Energy

Onome Amuge Oil prices slipped on Monday, with traders tempering their initial concerns over supply disruptions caused by potential harsher sanctions, as the market digested reports that the incoming Trump administration may consider easing restrictions on Russia’s energy sector to secure an end to the ongoing Ukraine conflict. Brent crude futures, the global benchmark for […]

Onome Amuge Oil traded higher on Wednesday morning, recovering from losses suffered the previous day, as traders turned their attention to potential disruptions in oil supply due to recently imposed sanctions on Russian tankers. Despite these concerns, gains were constrained as the market remained cautious while awaiting further clarity on the scope and impact of […]

Onome Amuge Oil prices fell further on Tuesday, sustaining the downward trend from the previous day’s trading after last week’s upturn. Nevertheless, the losses were tempered as market participants remained apprehensive over the potential supply crunch from major crude exporters Russia and Iran, which face mounting Western sanctions. Brent crude futures, saw a slight decline […]

Bamidele Famoofo Energy industry experts and stakeholders have affirmed that the coming onstream of Port Harcourt, Warri and Dangote Petroleum Refineries is a game changer for the downstream sector of the Nigerian economy, as the development will promote healthy price competition, and offer fuel marketers and consumers multiple sources of petroleum products. Nigerian energy industry […]

Onome Amuge Oil prices crept upward on the first day of trade in 2025, as investors, back from their holiday break, adopted a cautious stance while assessing the potential for a rebound in Chinese economic activity and fuel demand, buoyed by President Xi Jinping’s commitment to drive growth in the world’s second-largest economy. Brent crude […]

Onome Amuge Dangote Petroleum Refinery has slashed the price of its petrol to N899.50 per litre, aimed at easing transport costs during the festive period. Anthony Chiejina, group chief, branding and communications officer of the Dangote Group, made the announcement in a statement on Thursday, explaining that the move is expected to provide much-needed relief […]