Author name: David Ryabchikov

Ndindi Nyoro Accuses Govt of Misleading Kenyans on Fuel Prices and Secret Borrowing

Ndindi Nyoro Accuses Govt of Misleading Kenyans on Fuel Prices and Secret Borrowing

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Kiharu Member of Parliament Ndindi Nyoro has spoken out against the recent rise in fuel prices, accusing the government of misleading the public and engaging in questionable borrowing practices that could harm Kenya’s financial future. Nyoro rubbished the Ministry of Energy’s explanation issued on Tuesday that blamed the price surge on rising global oil prices. […]

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WTI advances to near $68.00 as traders await Trump’s statement on Russia

WTI advances to near $68.00 as traders await Trump’s statement on Russia

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WTI price appreciates as Trump signals the possibility of additional sanctions on Russia. The EU may lower the price cap on Russian oil as part of its upcoming 18th sanctions package against Moscow. The International Energy Agency reported that Saudi Arabia exceeded its oil output target, surpassing level implied by the OPEC+ agreement. West Texas

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IMF warns Nigeria of increased budget deficit as oil prices fall

IMF warns Nigeria of increased budget deficit as oil prices fall

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The International Monetary Fund (IMF) expects the gulf between this year’s budgetary spending and revenue of Africa’s biggest oil producer to widen further in the face of geopolitical threats to the prices of crude, which contributes around two-thirds of government income. Oil has been hit by a mix of shocks since January, including Donald Trump’s

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Power to prosper: How energy transition can reduce poverty in Nigeria

Power to prosper: How energy transition can reduce poverty in Nigeria

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In many parts of Nigeria, when night falls, darkness takes over. Millions of families still rely on candles, kerosene lamps, or even firewood for lighting and cooking. For businesses, power cuts are so common that many rely on noisy, expensive generators to keep going. The lack of reliable electricity is more than an inconvenience; it’s

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Peace Dividend: Oil Market Celebrates Trump-Brokered Peace as Prices Drop Below $70

Peace Dividend: Oil Market Celebrates Trump-Brokered Peace as Prices Drop Below $70

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Oil prices plunged Tuesday morning after President Donald Trump secured a ceasefire between Iran and Israel, bringing an abrupt end to a conflict that had threatened to ignite a wider regional war. The markets responded with enthusiasm—Brent crude dropped decisively below the $70 mark, a move that signals both geopolitical relief and a potential windfall

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Oil prices show muted gains as world awaits Iranian response to U.S. strikes

Oil prices show muted gains as world awaits Iranian response to U.S. strikes

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U.S. oil prices retreated from weekly highs as markets assessed the potential for a reprieve in Middle East turmoil following a week of escalating tensions. The U.S. crude oil price benchmark, West Texas Intermediate, fell 8% to less than $68 a barrel, the lowest level since last week. The global Brent crude price benchmark likewise

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Crude Price Surge: Importers, Depots Hike PMS to N940, Dangote Maintains at N825/L

Crude Price Surge: Importers, Depots Hike PMS to N940, Dangote Maintains at N825/L

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The volatility of crude oil prices in the international market has had a negative impact on Nigeria’s downstream oil sector, with importers and depot operators raising petrol prices to between N905 and N940 per litre. In contrast, Dangote Petroleum Refinery has maintained its ex-depot price at N825 per litre. According to data gathered, Rainoil increased

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