Oil prices rose as concerns grew over prolonged disruption to Iranian crude supplies and Strait of…
Tag: Strait of Hormuz
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…
Oil Surges as US–Israel Strikes on Iran Affects Global Supply
Oil prices climbed sharply after US and Israeli strikes on Iran and retaliatory attacks disrupted shipping…
US–Iran Conflict Raises Risk of Higher Fuel Prices in Nigeria
Energy experts say petrol and diesel prices in Nigeria could rise if global crude oil prices…