The United Arab Emirates’ state-owned oil giant ADNOC said Saturday one of its vessels came under attack in the Hormuz strait, the latest incident in the...
Oil prices extended a strong rally Tuesday as hopes for a reopening of the Strait of Hormuz fade, fanning fresh inflation fears and ramping up bets...
New concerns have emerged that disruption to one of the world’s most critical oil routes might continue, as Iran has laid terms of reopening the Strait...
With the Middle East Crisis defined by the US-Iran faceoff creating major disruptions to global oil markets, Nigeria has become the source of stabilising the Indian...
Accounts for 20% of Europe’s jet fuel imports, reinforcing its position as a major force in global aviation fuel trade The Dangote Petroleum Refinery & Petrochemicals...
As crude oil futures fell in response to the US President Donald Trump’s decision to suspend another planned military strike on Iran, he has insisted that...
The world is witnessing a sharp drop in crude oil prices, which raises the issue of how the domestic market would react to the global trend....
Nigeria’s struggling revenue profile is set for a rise as Brent crude yesterday, rose above $100 a barrel for the first time in nearly two months,...
Oil prices soared and stock markets slid Wednesday after US President Donald Trump said the ceasefire with Iran was over, following renewed strikes in the Middle...
A new round of escalating strikes between Iran and the US continued yesterday, further undermining the fragile interim peace agreement between the two countries, and prompting...
