Petrol Prices Stay High Despite Crude Oil Fall to $73
The price of petrol has remained high even as crude oil prices crashed to $73 per barrel on Wednesday, their lowest level since the US-Iran conflict began in February.
According to Oilprice.com, crude oil fell from...
Nigeria’s crude oil export earnings fell by ₦1.75 trillion in Q1 2026, despite a rally in global oil prices, according to the National Bureau of Statistics (NBS).
Oil Exports Lift Nigeria-UK Trade to £7.6bn
Nigeria’s crude oil exports played a significant role in raising total trade between Nigeria and the United Kingdom to £7.6bn in 2025, according to the new trade and investment figures released by the UK Department for Business and...
The Vanguard editorial of May 5, 2026 (Page 18), titled “Protecting Nigerians from Global Oil Shocks,” shines a much-needed spotlight on a critical crisis currently hitting close to home for every Nigerian. I
Iran Slashes Oil Output as Storage Hits Capacity Limit
The United States and Iran are edging towards a temporary agreement to halt their war as Tehran grapples with an escalating oil storage crisis caused by stalled crude exports and falling production.
Sources and officials told Reuters...
