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Oil & Gas
How Nigeria is paying for Russia-Ukraine war
As Russia’s war in Ukraine passes the 100-day mark on Friday (today), its ripple effects are reverberating across sectors of Africa’s biggest economy, inflicting more pain on Nigerians.…
Diesel, aviation fuel users feel the pinch
The sudden increase in the prices of diesel, aviation fuel and other commodities has left many Nigerians and businesses reeling.
Oil prices have surged some 50 percent since the beginning…
OPEC agrees to up supply after US lobby
Oil reversed losses to trade near $116 as OPEC+ ministers agreed to boost supply increases by around 50%, after prices dropped on reports US President Joe Biden is likely to visit Saudi…
Refining capacity shortage haunts Africa as fuel prices rocket
A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting…
Diesel price rises again, hits N720 as oil jumps
Since the invasion of Ukraine by Russia in February, the global oil market has seen the commodity scarce, leading to volatile prices for middle distillates - diesel and aviation fuel.
On…