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 […]
Oil falls 2% after sources say OPEC+ mulls accelerating output Read More »
Oil tanks US crude oil inventories increased for the fourth consecutive week, albeit at a slower pace. Meanwhile, gasoline stockpile fell more than expected, tumbling for the eighth successive week. Crude oil inventories rose by 200,000 barrels in the week ended on April 18, compared to the expectations for a rise by 600,000 barrels, according
US gasoline inventories lose 4.5 mln barrels Read More »
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Oil rises 1% on Iran sanctions, drop in US crude stocks Read More »
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,
Dangote’s fuel prices still high despite global crude slump — S&P Global Read More »
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,
Oil Prices Are Recovering, But Can Exporters Outlast the Tariff Circus? Read More »
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
Trump’s Tariffs Just Torched His Own Energy Agenda Read More »
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
Again, Dangote Refinery reduces petrol price by 3.5% to N835 per litre Read More »
The rupee had risen sharply by 58 paise in the preceding session on April 11, 2025. File | Photo Credit: Reuters The rupee stayed firm and appreciated 26 paise to 85.54 against the U.S. dollar in early trade on Wednesday (April 16, 2025) on the back of a massive inflow of foreign capital, a weak
Rupee appreciates 26 paise to 85.54 against U.S. dollar in early trade Read More »
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
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 »
