Author name: Siim

Oil falls 2% after sources say OPEC+ mulls accelerating output

Oil falls 2% after sources say OPEC+ mulls accelerating output

Oil prices slipped 2% on Wednesday as sources said OPEC+ would consider accelerating its oil output increases in June, but losses were curbed following a report that U.S. President Donald Trump may cut tariffs on Chinese imports. Brent crude futures settled down $1.32, or 1.96%, at $66.12 a barrel, while U.S. West Texas Intermediate crude […]

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Oil rises 1% on Iran sanctions, drop in US crude stocks

Oil rises 1% on Iran sanctions, drop in US crude stocks

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Dangote’s fuel prices still high despite global crude slump — S&P Global

Dangote’s fuel prices still high despite global crude slump — S&P Global

Despite recent reductions, petrol prices from the Dangote Petroleum Refinery remain relatively high when compared to the global drop in crude oil prices, according to a new report by S&P Global. This pricing strategy, analysts say, has made fuel importation into Nigeria more attractive for marketers. The 650,000 barrels per day refinery, located in Lekki,

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Oil Prices Are Recovering, But Can Exporters Outlast the Tariff Circus?

Oil Prices Are Recovering, But Can Exporters Outlast the Tariff Circus?

Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Apr 16, 2025, 7:00 PM CDT Oil price recovery remains fragile amid continued tariff tensions. Oil-exporting nations are under pressure, including Angola, Nigeria, and Saudi Arabia,

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Trump’s Tariffs Just Torched His Own Energy Agenda

Trump’s Tariffs Just Torched His Own Energy Agenda

Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Apr 16, 2025, 6:00 PM CDT President Trump’s tariff-driven price slump threatens America’s hard?won petroleum export surplus. Ongoing tariff uncertainty and volatile oil prices

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Again, Dangote Refinery reduces petrol price by 3.5% to N835 per litre

Again, Dangote Refinery reduces petrol price by 3.5% to N835 per litre

Dangote Petroleum Refinery has announced a further reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol. The new price is set at N835 per litre, down from N865 per litre, marking a 3.5 per cent decrease. This price adjustment follows the recent decline in global crude oil prices, which have

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CIA director’s missing Signal messages pour gasoline on major Trump administration scandal

CIA director’s missing Signal messages pour gasoline on major Trump administration scandal

Happy Tuesday! Here’s your Tuesday Tech Drop, a collection of the past week’s top stories from the intersection of tech and politics. Missing Ratcliffe messages The CIA’s chief data officer testified in court last month that he was unable to locate any “substantive messages” from CIA Director John Ratcliffe’s Signal app as part of an

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WTI stays above $61.00 due to tariff relief hopes, strong Chinese imports

WTI stays above $61.00 due to tariff relief hopes, strong Chinese imports

WTI remains steady after President Trump hinted at potential new tariff exemptions for the auto industry. China’s Oil imports in March climbed nearly 5% YoY, partly driven by increased purchases of Iranian Oil. OPEC+ has lowered its Oil demand growth projections for both 2025 and 2026. West Texas Intermediate (WTI) crude Oil price remains stable

WTI stays above $61.00 due to tariff relief hopes, strong Chinese imports Read More »