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 […]
Experts warn of trade tensions on oil demand Read More »
Nigerians are experiencing intense rivalry in the petroleum industry between the Dangote Refinery and the NNPC The two companies, which control the Dangote Refinery and the Port Harcourt refinery, both crashed petrol prices to N899 per litre Experts have attributed the price drop to a decline in crude oil prices in the international market. Legit.ng’s
Experts reveal why petrol prices are dropping in Nigeria Read More »
By RFE/RL staff – Oct 09, 2024, 2:00 PM CDT The escalating conflict between Israel and Iran could significantly disrupt global oil and gas supplies, leading to higher prices and economic instability. Iran has threatened to block the Strait of Hormuz, a crucial chokepoint for global oil transportation, in response to any Israeli attacks on
Experts Warn of Economic Fallout from Middle East War Read More »
