Expected production increases next year will likely keep oil prices under pressure over 12 months, potentially taking Brent crude below $70 a barrel, Lombard Odier said.

Overnight, the cost of most fuels increases. Gasoline is up by 1.6 cents.  Diesel on the Island increased by 2.0 cents per ...

Petrol and diesel owners can reduce their fuel consumption by using a simple solution in their vehicles aimed at reducing ...

Moldova’s only port, located on the Danube near the Ukrainian border, has become a conduit for handling Russian oil products, helping Moscow evade sanctions and raising funds to finance its war in ...

Slowing fuel demand growth in top consumers China and the US has weighed heavily on oil prices this year, although supply ...

THE major oil marketers have sourced 148,463,142 litres of Premium Motor Spirit, PMS, also known as petrol from the Dangote Petroleum Refinery following increased domestic availability.

The Finance Ministry is evaluating the relevance of the windfall tax, which was first imposed in 2022, said a federal ...

Oil prices fell after a U.S. inventory report showed a gasoline stockpile increase, with traders waiting for OPEC+'s decision ...

Nigeria’s headline inflation rate rose to 33.88% in October 2024, up from 32.7% in September 2024, reflecting a 1.18%-point ...

Nigeria's top crude grades have been in high demand this week due to the country’s strong refining capacity and January's ...

Average retail petrol prices were significantly lower in the September quarter 2024, according to the ACCC’s latest quarterly ...

India's finance ministry is evaluating the relevance of windfall tax, a federal government source said on Thursday.