Dangote Petroleum Refinery has increased the price of Premium Motor Spirit (PMS) at its gantry by N85 per litre, raising the wholesale price from N1,265 to N1,350. The latest adjustment, representing a 6.7 per cent increase, comes amid a sharp rise in international crude oil prices and higher petroleum product replacement costs. According to a
Dangote raises petrol price by N85 amidst crude rally Read More »
US President Donald Trump has signalled that the conflict between the United States and Iran could be nearing an end, raising expectations of easing geopolitical tensions and a potential decline in global oil prices. Trump, speaking in Ireland, said the war could end soon and predicted that crude prices would fall once the conflict is
Trump signals possible end to US-Iran war, oil prices set to fall Read More »
Fuel station- Reuters Egyptian TV host Amr Adib warned of the repercussions that a sharp rise in oil prices—with the price per barrel exceeding US$104—could have on fuel prices in Egypt. He questioned how the government would handle such high levels, given that it had previously based its calculations on a price of $75 per
Egyptian TV host Amr Adib warns of oil price surge Read More »
HOUSTON — Oil prices fell on Friday (Sept 11) but remained on course for a weekly gain of more than eight per cent, while US diesel prices hit a record high as attacks along Middle East shipping routes stoked concerns about prolonged supply disruptions. Brent crude futures settled at US$104.61 (S$132.55) a barrel, down US$3.02,
Oil falls but head for 8% weekly gain on tight supply; US diesel hits record, Money News Read More »
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Saudi Arabia shuts East-West pipeline that bypasses Hormuz after attacks Read More »
After weeks when Middle East diplomacy seemed dead in the water, a rare meeting between Iran and its Persian Gulf neighbors has renewed hope for a deal that could fully reopen the Strait of Hormuz. Foreign ministers from the Gulf Cooperation Council—which is comprised of Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman—will meet
The government on Friday increased the price of petrol by Rs5.02 per litre and that of high-speed diesel (HSD) by Rs5.28 per litre. Following the revision, petrol will retail at Rs375.82 per litre while HSD will cost Rs403.32 per litre. The government continues to levy Rs114 per litre in taxes and duties on petrol and
NEW YORK — U.S. stocks are rebounding Friday and clawing back much of their losses for the week after oil prices eased off their recent spurt. An update on inflation across the United States that came in close to economists’ expectations, even if prices are still rising too quickly for everyone’s liking, also helped calm
US stocks jump after oil prices ease and inflation update comes in near expectations Read More »
Adrian Black Updated September 11, 2026 — 1:04pm, first published September 11, 2026 — 5:23am The Australian share market is careening toward its worst week since the US-Iran war began, as surging oil prices pressure bond yields and squeeze central banks to hike borrowing costs. The benchmark S&P/ASX200 index fell 112.2 points by midday on
ASX slumps again as oil climbs to its highest mark since May Read More »
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