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IEA announces record oil stockpile release over Iran supply disruptions
BusinessAPReutersBBC+73bloombergNYTwsjFTwapoThe GuardianAl Jazeerayle-uutiset+65 more6d ago76 sources

IEA announces record oil stockpile release over Iran supply disruptions

The International Energy ​Agency on Wednesday agreed to release a record 400 million barrels of oil from strategic stockpiles to combat a spike in global crude prices since the start of the US-Israeli war with Iran, with the US contributing the bulk of the supply.

Nigerian newspapers review: [M-East war]  Despite Dangote refinery’s price cut, petrol is still N1,300 per litre
Worldvanguard-ng8d ago

Nigerian newspapers review: [M-East war]  Despite Dangote refinery’s price cut, petrol is still N1,300 per litre

Vanguard also reports that a Nigerian was among 122 people injured after Iran launched missile attacks on the United Arab Emirates, with casualties occurring during interceptions by the country’s air-defence systems. The post Nigerian newspapers review: [M-East war]  Despite Dangote refinery’s price cut, petrol is still N1,300 per litre appeared first on Vanguard News.

Dangote Refinery targets depot owners, major marketers in new marketing model
Businessvanguard-ng25d ago

Dangote Refinery targets depot owners, major marketers in new marketing model

By Udeme Akpan, Energy Editor Dangote Refinery has resumed the sale of Premium Motor Spirit (PMS), also known as petrol, to major marketers and depot owners under a revised distribution framework endorsed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The move represents a significant shift from the previous arrangement in which products were […] The post Dangote Refinery targets depot owners, major marketers in new marketing model appeared first on Vanguard...

Businessseneweb6d ago

Dangote Refinery Ensures Nigeria's Local Oil Supply

The Dangote refinery is playing a crucial role in ensuring a consistent local oil supply for Nigeria, contributing to the nation's energy independence. Seneweb further emphasizes that the refinery is actively ensuring local oil supply for Nigeria.

Dangote Refinery explains N100 petrol price increase amid crude price surge
BusinessPremium Times15d ago

Dangote Refinery explains N100 petrol price increase amid crude price surge

The Dangote Petroleum Refinery says the recent N100 increase in its petrol ex-depot price was driven by rising global crude oil prices and supply disruptions linked to geopolitical tensions in the Middle East. The post Dangote Refinery explains N100 petrol price increase amid crude price surge appeared first on Premium Times Nigeria.

NAJA appeals to FG to guarantee crude oil supply to local Refineries to curb rising fuel prices
Businessvanguard-ng6d ago

NAJA appeals to FG to guarantee crude oil supply to local Refineries to curb rising fuel prices

By Theodore Opara The Nigeria Auto Journalists Association (NAJA) has called on President Bola Ahmed Tinubu to prioritise the direct supply of crude oil to domestic refineries, particularly the Dangote Refinery, as part of urgent measures to mitigate the rising cost of petrol linked to the ongoing crisis in the Middle East. The association made […] The post NAJA appeals to FG to guarantee crude oil supply to local Refineries to curb rising fuel prices appeared first on Vanguard News.

Restaurants face LPG supply crisis, NRAI warns of ‘catastrophic closures’
BusinesscnbcThe Independenthindu+13capital-bgdnevnik-bgTimes of Indiahindustan-timesindian-expressDawnnaftemporikindtv+5 more7d ago16 sources

Restaurants face LPG supply crisis, NRAI warns of ‘catastrophic closures’

The National Restaurant Association of India (NRAI) has warned of potential catastrophic closures for restaurants due to the West Asia crisis impacting LPG supply, with the Delhi government now assuring normal LPG supply and no shortage amid these concerns.

Nigerian newspapers review: [M-East war]  Despite Dangote refinery’s price cut, petrol is still N1,300 per litre
Businessvanguard-ng8d ago

Nigerian newspapers review: [M-East war]  Despite Dangote refinery’s price cut, petrol is still N1,300 per litre

Vanguard also reports that a Nigerian was among 122 people injured after Iran launched missile attacks on the United Arab Emirates, with casualties occurring during interceptions by the country’s air-defence systems. The post Nigerian newspapers review: [M-East war]  Despite Dangote refinery’s price cut, petrol is still N1,300 per litre appeared first on Vanguard News.

Financial Safe Havens Amid Middle East Conflict
FinanceDawnvanguard-ng15d ago2 sources

Financial Safe Havens Amid Middle East Conflict

Investors are debating which assets, such as dollar, bonds, or gold, offer the safest haven during the ongoing Middle East conflict, as traditional refuges show unpredictable behavior.

BREAKING: Dangote refinery raises petrol price to N875
Businesspunch-ngvanguard-ng18d ago2 sources

BREAKING: Dangote refinery raises petrol price to N875

The Dangote petrol price has increased from N774 to N875/litre. Discover the reasons behind the hike, linked to global crude oil price volatility. Read More: https://punchng.com/breaking-dangote-refinery-raises-petrol-price-to-n875/