Author name: David Ryabchikov

As Nigeria’s gasoline debt hits $6 billion, some traders back out, say sources

As Nigeria’s gasoline debt hits $6 billion, some traders back out, say sources

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Nigeria’s debt to gasoline suppliers has surpassed $6 billion – doubling since early April – as state oil firm NNPC struggles to cover the gap between fixed pump prices and international fuel costs, six industry sources said. Nigerian President Bola Tinubu announced an end to expensive fuel subsidies last year, allowing pump prices to triple. […]

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Egypt’s Fuel Pricing Committee to convene soon to decide on gasoline prices

Egypt’s Fuel Pricing Committee to convene soon to decide on gasoline prices

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Gas/petrol/filling station The Petroleum Products Pricing Committee, which is responsible for monitoring fuel prices in Egypt and linking them to global markets, is scheduled to convene in the coming days to determine whether to keep or adjust gasoline prices, according to its regular meeting schedule. Hamdy Abdel Aziz, the spokesperson for the Ministry of Petroleum

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Woman stabbed, doused with gasoline and set on fire at home during fight with husband

Woman stabbed, doused with gasoline and set on fire at home during fight with husband

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A man stabbed his wife repeatedly and then set her on fire following a fight at their home in Dickson, Tennessee. Officers arrived at the home alongside firefighters following reports of a fire but were horrified by what they discovered in the home. The home had heavy smoke coming from it, but it was the

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U.S. Drivers Could See The Lowest July 4 Gasoline Prices Since 2021

U.S. Drivers Could See The Lowest July 4 Gasoline Prices Since 2021

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Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Jul 02, 2024, 12:30 PM CDT The U.S. national average price of gasoline on July 4 is expected at $3.49 per gallon, which would be the lowest price on Independence Day since 2021, fuel-savings platform GasBuddy said on Tuesday.   Gasoline prices have

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‎Saudi Islamic banks’ standalone credit profiles to stay strong in 2024, 2025: Fitch

‎Saudi Islamic banks’ standalone credit profiles to stay strong in 2024, 2025: Fitch

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SAR 500 banknotes Saudi Islamic banks’ standalone credit profiles will remain strong in 2024 and 2025, supported by high oil prices and benign operating conditions, Fitch Ratings said in a new dashboard. Islamic banking is dominant in Saudi Arabia, with the largest proportion of Islamic financing (85%) of any country that allows conventional banks to

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Dangote accuses IOCs of crude oil price manipulation, claims firms sabotaging refinery 

Dangote accuses IOCs of crude oil price manipulation, claims firms sabotaging refinery 

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Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited (DIL), has accused International Oil Companies (IOCs) in Nigeria of actively trying to undermine the Dangote Oil Refinery and Petrochemicals. Edwin made this disclosure to a group of Energy Editors at a one-day training programme organised by the Dangote Group.    Edwin

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