Oil Surges to $105 Amid Fresh Middle East Tensions
Oil prices rose from around $100 per barrel on Wednesday to over $105 as of Thursday following the failure of Iran and the United States to agree on a ceasefire deal to reopen the Strait of...
Stakeholders Push for Boost in Local Oil Output Amid Global Turmoil
There is renewed demand from stakeholders to ramp up domestic production capacity, as rising global oil prices triggered by the Middle East conflict, mounting public debt, and increased government spending have intensified pressure on...
Global Oil Surge Pushes Daily Petrol Subsidy To N8.28bn
The rapid rise in global oil prices to record highs has pushed the subsidy cost being incurred by the Federal Government to N8.28bn daily, an analysis of data collated by our correspondent has shown.
The data also...
