The Federal Government has approved Dangote Refinery as the exclusive supplier of jet fuel for Nigeria’s airline operators. This was disclosed by the Minister of Aviation and Aerospace Development, Festus Keyamo, during an interview with Channels TV on Tuesday. Keyamo revealed that with his approval and backing, the airline operators agreed to designate the 650,000 […]
FG names Dangote refinery sole supplier of Jet A1 Read More »
6:17PM Signing off… Thanks for joining us on the Markets blog on the day worries about the Chinese economy have pushed down mining, oil and luxury goods stocks around the world. Brent crude, the global benchmark for oil, is down over 5.1pc and UK and European stock indexes fell. However, Wall Street has risen as
Oil and FTSE plunge on China fears Read More »
Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Premium Content By Michael Kern – Oct 08, 2024, 9:50 AM CDT Oil prices tumbled early on Tuesday morning, with traders refocusing on fundamentals despite the continued geopolitical risk and threats of a full-blown war in the Middle East. – China’s
Oil Prices Under Pressure as Supply Disruptions Fail to Materialize Read More »
By ABC chief business correspondent Ian Verrender Should Israel attack Iranian oil export facilities, oil and petrol prices could surge. (file photo) Photo: RNZ / Dan Cook Analysis: What was he thinking? When US President Joe Biden last Thursday casually dropped that he had discussed military strikes against Iran’s oil export facilities with Israel, all
How war in the Middle East could derail the global economy Read More »
The global industry is experiencing growth due to the increasing use of castor oil in the pharmaceutical, cosmetics, and industrial sectors. In the pharmaceutical industry, castor oil’s anti-inflammatory and antibacterial properties are driving Castor Oil Demand, particularly in skin treatments and laxatives. The cosmetics industry is seeing a rise in demand for natural ingredients, positioning
Analyzing Castor Oil Price Trend, Chart, Database & Forecast Read More »
Am Israeli attack on Iran’s oil reserves might cause a significant rise in the cost of crude oil and correspondingly higher gas prices in the United States. File Photo by John Angelillo/UPI | License Photo Oct. 5 (UPI) — About a 20% rise in the global price of a barrel of oil is predicted if
Global rise in oil prices expected if Israel targets Iranian fields Read More »
Saudi Arabia raised its main oil prices for buyers in Asia amid heightened volatility in the crude market as traders watch developments in the Middle East conflict. State producer Saudi Aramco increased the official selling price of its main Arab Light crude grade by 90 cents to a premium of $2.20 a barrel against the
Saudi Arabia raises Asia oil price as volatility grips market Read More »
Oil prices climbed this week as tensions in the Middle East escalated. Iran launched missiles at Israel and the Israelis threatened retaliation, raising the possibility of a disruption to the flow of oil from the region. A jump in oil prices automatically spurs fear of a spike in gas prices, but experts see reasons that
What’s next for oil and gas prices as Middle East tensions heat up? Read More »
By Julianne Geiger – Oct 04, 2024, 12:10 PM CDT The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 2 this week to 585, compared to 619 rigs this same
Oil Rig Count Drops as Oil Prices See Strongest Weekly Gain Since 2022 Read More »
Asian stocks retreated on Friday while oil prices headed for their sharpest weekly gain in more than a year, as escalating tensions in the Middle East kept markets on edge ahead of a U.S. jobs report later in the day. U.S. President Joe Biden said on Thursday that the U.S. is discussing strikes on Iran’s
Asia shares fall, oil set for weekly gains on Mideast risks Read More »
