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Relief at the pump as fuel prices drop in latest EPRA review

A pump attendant fueling a car at a petrol station along koinange street.[Wilberforce Okwiri,Standard] The Energy and Petroleum Regulatory Authority (Epra) has decreased fuel prices in the latest monthly pricing guidelines. In the review released on April 14, the super petrol price has decreased by Sh1.95 to sell at Sh 174.63, while diesel decreased by Sh2.20, […]

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Oil Prices Are on Course for Another Weekly Slump

Uncategorized / By admin

On April 12, 2025, 4:39 AM Crude oil prices were on track to book their second consecutive weekly loss as markets reel from Trump’s tariff offensive, although they stabilized somewhat after the U.S. president announced a 90-day pause on the levies. At the time of writing, Brent crude was trading at $63.01 per barrel, with West Texas Intermediate at

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Why Falling Oil Prices Are Not Always Good News

Uncategorized / By admin

Robert Rapier Robert Rapier is a chemical engineer in the energy industry. He has 25 years of international engineering experience in the chemical, oil and gas, and… More Info Premium Content By Robert Rapier – Apr 11, 2025, 6:00 PM CDT The United States’ shift to a net oil exporter means that falling oil prices

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Global Crude Price Drop, Naira-For-Crude To Lower Fuel Cost – PETROAN

Uncategorized / By admin

News Investigators/ The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says the recent drop in global crude oil prices has sparked hopes of a corresponding reduction in petrol prices in Nigeria PETROAN’s National President, Billy Gillis-Harry, while reacting to recent development in the oil and gas sector lauded the Federal Government’s decision to

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‎Oil prices rise 1%, poised for second straight weekly loss

Uncategorized / By admin

Oil drilling rigs Oil prices rose on Friday, but are heading for a second consecutive weekly loss after sharp fluctuations arising from the US trade war and fears of a global economic recession. Brent crude futures for June delivery increased 1% to $63.98 per barrel at 9:13 Makkah time, after losing 3.3% or $2.15 on

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‎Experts warn of trade tensions on oil demand

Uncategorized / By David Ryabchikov

Oil drilling rigs Oil prices witnessed recently significant fluctuations, with Brent crude falling below $60 per barrel for the first time in years. This decline was driven by escalating trade tensions between the US and China, concerns over a potential drop in global demand, and OPEC+’s decision to increase production starting in May. However, markets

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Vegetable oil prices rise amid tariff chaos and climate pressures

Uncategorized / By David Ryabchikov

Agricultural commodities are having a bad time of it lately. Whether it’s corn, cocoa or coffee, crops worldwide are being pressured increasingly by unpredictable weather patterns. The latest victim – or multiple victims – are vegetable oils. The prices of rapeseed, sunflower and palm oil have all tracked upwards in recent months due to climate

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Petrol Prices Expected to Decrease by Rs. 12 per Litre from April 16

Uncategorized / By Siim

Petrol and diesel prices are expected to come down by Rs. 12 per litre starting April 16, 2025. This possible price cut is due to a major drop in global oil prices. Brent crude oil, which is a global benchmark for oil prices, has recently fallen from $74.95 to $60.12 per barrel. This big decline

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Oil Prices Continue to Fall

Uncategorized / By David Ryabchikov

On April 9, 2025, 4:39 AM U.S. gasoline futures slid 1.37% today, adding to a 13.3% decline since Trump’s tariff announcement on April 2, with prices reflecting the broader oil market rout. Trump hailed the drop in gasoline prices as a consumer win, claiming it would tame inflation. However, experts counter that his tariffs—disrupting global

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‘Oil price drop to affect road construction, social interventions, others’

Uncategorized / By David Ryabchikov

There is uncertainty over implementation of the 2025 budget as the global oil price has fallen massively below the projected benchmark of $75 per barrel. President Bola Ahmed Tinubu had in February signed the 2025 budget of N54.9 trillion. Tinubu benchmarked the 2025 budget at an average price of $75 per barrel, but the bench

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