Energy Market
NMDPRA Urges West Africa to Break Free from Foreign Fuel Price Benchmarks
By Benson Daniel The Nigerian Midstream and Downstream Petroleum Regulatory Authority has called on Nigeria and other West African countries to reduce their...
Surge in LPG Imports Drives Down Cooking Gas Prices
By Benson Daniel The price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has declined across parts of Nigeria following a...
Fuel Marketers Slash Depot Prices as Competition Intensifies
By Benson Daniel Petroleum product marketers have reduced depot prices for Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel), reflecting changing market...
Oil Prices Rebound as Global Stock Markets Advance After Sharp Selloff
By Benson Daniel Global oil prices posted modest gains while most stock markets recorded positive performances after a sharp decline in the previous...
Nigeria Unaffected as Seven OPEC+ Members Approve 188,000 bpd Output Increase
By Benson Daniel Nigeria is expected to avoid any immediate impact after seven members of the OPEC+ alliance agreed to increase their combined...
Shell Profits Double as Iran Conflict Drives Higher Oil Prices
By Benson Daniel Shell has reported a sharp rise in profits after higher global oil prices, triggered by tensions surrounding the Iran conflict,...
TotalEnergies Posts $5.4 Billion Second Quarter Profit as Middle East Tensions Boost Energy Prices
By Benson Daniel French energy giant TotalEnergies reported a sharp rise in second quarter earnings, posting a net profit of $5.4 billion as...
