Asia’s crude imports are rising as Strait of Hormuz flows recover, but volumes remain below pre-conflict…
Tag: Strait of Hormuz
Rise in Oil Prices as Investors Doubt US-Iran Peace Talks
Oil prices climbed on Friday as investors questioned the chances of a breakthrough in US-Iran peace…
IEA Chief Meets Japan’s Prime Minister On Energy Security
Fatih Birol met Prime Minister Sanae Takaichi and senior Japanese officials in Tokyo to discuss global…
Oil Prices Rise as Iran Blockade Raises Supply Concerns
Oil prices rose as concerns grew over prolonged disruption to Iranian crude supplies and Strait of…
FG Rejects Return to Fuel Subsidies Amid Global Price Surge
Federal Government (FG) is maintaining market-based fuel pricing despite global moves to cushion rising energy costs.…
Hormuz Disruption Cuts Natural Gas Exports by 95% – ITC
Natural gas exports through the Strait of Hormuz plunged 95%, disrupting global energy and commodity trade.…
Dangote Confirms Expanded Fuel, Urea Shipments Across Africa
Dangote Refinery expands gasoline and urea exports to Africa, supporting regional energy and agricultural supply amid…
IEA to Release 400m Barrels From Oil Reserves
IEA has announced the release of 400 million barrels of oil from emergency reserves to stabilise…
Qatar Gas Disruption Highlights Renewables in Morocco
Morocco faces no immediate gas supply disruption despite global price spikes, as it does not import…
Dangote Refinery Raises Petrol Price to ₦875/Litre
Dangote Petroleum Refinery has raised its Premium Motor Spirit ex-depot price from ₦774 to ₦875 per…