Femi Otedola, a Nigerian billionaire businessman, has opened up on how he was hit by misfortune in 2009. He said the sharp drop in oil prices, combined with a naira devaluation from N120 to N167 per dollar in 2009, led him to lose $480 million and $258 million, respectively. Otedola, now chairman of Geregu Power […]
How I lost $898m to Naira devaluation, oil, stock market dips — Femi Otedola Read More »
By Charles Kennedy – Aug 04, 2025, 9:09 PM CDT Gasoline prices in Russia hit a record high after Ukrainian drone strikes damaged key refineries, cutting crude processing by 40,000 tons per day. A Kremlin-imposed gasoline export ban has failed to stabilize the market amid peak seasonal demand and low domestic stockpiles. Analysts warn the
Russia’s Gasoline Prices Surge to Record High on Refinery Attacks Read More »
Oil drilling rigs Oil prices recovered after falling over 1% on Thursday, as traders weighed the impact of the new US tariffs, which could hinder economic activity and dampen global fuel demand growth. Brent crude futures for September delivery climbed 0.3%, or 20 cents, on Friday to $71.90 a barrel as of 8:04 am KSA
Oil prices rise as trade partners react to Trump’s order Read More »
City councilman Lee Vogler attends an event in Danville, Va., in December 2024. Photo by Von Wellington Photography via AP Article content DANVILLE, Va. — A city councilman in Virginia was seriously injured Wednesday when a man stormed into his office at a local magazine, doused him in gasoline and set him on fire —
Virginia city councillor doused with gasoline, set on fire in workplace attack Read More »
March NY world sugar #11 (SBH25) today is up +0.15 (+0.78%), and March London ICE white sugar #5 (SWH25) is up +4.70 (+0.93%). Sugar prices today recovered from early losses and are moderately higher. Today’s rally in WTI crude oil (CLG25) to an 8-week high sparked short covering in sugar futures. Strength in crude benefits
Strength in Crude Oil Sparks Short Covering in Sugar Futures Read More »
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Jul 28, 2025, 11:22 PM CDT Oil prices were holding relatively steady early on Tuesday morning following a sharp rally on Monday driven by mounting geopolitical tensions and supportive trade developments. At the time of writing, WTI Crude was trading at
Oil Prices Hold Steady After Monday’s Rally Read More »
Synopsis Oil prices rose due to optimism surrounding a U.S.-EU trade agreement, potential U.S.-China tariff truce, and a shorter deadline from President Trump for Russia to resolve the Ukraine war. The U.S.-EU deal averted a major trade war, while U.S. and China are continuing trade discussions. Agencies Oil prices increased on Tuesday. This rise is
Oil climbs on EU trade deal, potential US-China tariff truce extension Read More »
Oil traders widely expect the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to approve another significant oil production increase this weekend, likely completing the revival of its previously suspended output. The post OPEC+ plans new supply surge as Nigeria braces for oil price… https://nairametrics.com/2025/07/28/opec-plans-new-supply-surge-as-nigeria-braces-for-oil-price-revenue-volatility/
OPEC+ plans new supply surge as Nigeria braces for oil price, revenue volatility Read More »
Sun King, the Kenyan pay-as-you-go off-grid solar energy firm, has closed a landmark $156 million (KES 20.1 billion) securitisation to scale affordable solar across Kenya. The firm says the funds will enable it to serve an estimated 1.4 million low-income households and businesses to get off kerosene and diesel to access electricity for the first
Sun King Closes $156M to Deliver Solar for Over a Million Kenyans Read More »
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Oil prices climb on US trade optimism, drop in crude stockpiles Read More »
