FG Orders Marketers to Cut Fuel Prices as Global Oil Costs Fall
The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has directed petroleum marketers to immediately reduce the pump prices ...
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Tag: #OilMarket
FCCPC Raises Alarm Over High Fuel Prices Despite Drop in Global Crude Oil Costs
The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern over what it described as possible consumer exploitation in ...
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Petrol Prices May Drop to N1,200 as Dangote Refinery Cuts Ex-Depot Rates
Marketers of petroleum products say petrol prices in Nigeria may soon drop to about N1,200 per litre following a fresh ...
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OPEC+ Approves July Oil Output Increase Amid Middle East Supply Concerns
The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) have agreed to increase oil production quotas by a ...
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Fuel Prices May Drop as Oil Prices Fall Amid US-Iran Peace Talks
Fuel prices may decline in the coming days if global crude oil prices continue to fall following ongoing peace talks ...
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OPEC+ Plans Gradual Oil Output Increases as It Moves to Fully Restore 2023 Production Cuts
Key members of OPEC+ are planning to continue a series of gradual oil production quota increases in the coming months, ...
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Petrol Prices Near N1,400/Litre as Middle East Crisis Disrupts Global Oil Supply
Pump prices of Premium Motor Spirit (petrol) are approaching N1,400 per litre in many parts of Nigeria as geopolitical tensions ...
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UAE Announces Exit from OPEC, OPEC+ Amid Rising Middle East Tensions
The United Arab Emirates has announced it will withdraw from the OPEC and OPEC+ oil alliances, marking a major shift ...
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Oil Falls Below $100 as U.S. Blockade of Iranian Ports Raises Geopolitical Tensions
Global oil prices slipped below the $100 mark on Tuesday as markets reacted to escalating tensions following the United States ...
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Dangote Refinery Partners With Marketers to Safeguard Fuel Supply Amid Middle East Crisis
Dangote Petroleum Refinery has partnered with major fuel marketers to ensure nationwide supply and mitigate risks linked to reliance on ...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.