…per litre. Fuel price: Brent, WTI global crude prices jump to $95, $90 per barrel as US-Iran conflict escalates

…would likely maintain the current rate because of the uncertainty created by the US-Iran conflict. “Many people would like a reduced interest rate because the MPR is the anchor rate for bank lending. But my worries are the US-Iran war. We don’t know when it is going to end. For that reason, I suspect they might keep th…

…needs to be checked. Looking ahead, what are the major opportunities and risks the US-Iran conflict and continued uncertainty in global energy markets present for Nigeria’s oil and gas industry? There is a great opportunity for Nigeria to become a net exporter of refined products in Africa, because the conflict has exp…

…of base oils and rising global prices linked to disruptions caused by the US-Iran conflict are reducing offers into the West African market despite the announcement of a peace deal. It noted that West Africa remains heavily dependent on imported base oils, with average annual imports standing at about 135,752 tonnes ov…

…prices, including global supply disruptions and price volatility arising from the Israel-Iran conflict. It also linked the situation to shortfalls in domestic supply created by incomplete domestication of local LPG production, low import volumes, non-cost-reflective pricing by some wholesalers and retailers, inadequate…