4 articles tagged with “energy markets”
Fuel prices across Nigeria have jumped sharply, with petrol reaching N1,300 per litre in some markets as Dangote Refinery raises ex-depot prices to N1,175 amid escalating global crude costs driven by Middle East geopolitical tensions.
Iran's Supreme Leader Ali Khamenei has died following US-Israel airstrikes, prompting urgent diplomatic interventions as world leaders seek to contain escalating Middle East tensions threatening global trade and energy markets.
Escalating Middle East tensions push crude prices higher while Chinese robotaxi firm WeRide suspends Dubai operations, exposing vulnerabilities in Gulf commercial centres previously seen as insulated from regional instability.
Brent crude traded at $67.78 per barrel on Monday, maintaining a $3 premium over Nigeria's 2026 budget benchmark as oil markets navigate diplomatic developments and OPEC+ supply dynamics.