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Oil prices rise after attacks hit Saudi energy infrastructure
Ziggy Ojiegbe Global oil prices climbed after attacks on Saudi Arabia’s energy infrastructure disrupted production and transport capacity, raising fresh concerns about supply in already tight markets. International benchmark Brent crude settled at $95.92 per barrel on Thursday, before jumping…
Iran war: S.Korea canvasses accerlerated energy transition
Ziggy Ojiegbe South Korean President Lee Jae Myung has warned that the ongoing Iran war is exposing the dangers of global reliance on fossil fuels, urging an urgent shift toward renewable energy. Speaking at a town hall on Jeju Island,…
Oil prices climb to $117/bbl as US softens on Strait of Hormuz
Ziggy Ojiegbe Oil prices held near session highs on Tuesday after President Donald Trump indicated walking back from forcing open the Strait of Hormuz and demanded estranged allies to find their way out of the Hormuz impasse or buy America…
Goldman Sachs lifts oil outlook as Hormuz disruption reshapes global markets
Goldman Sachs has sharply raised its oil price outlook for 2026, pointing to the prolonged disruption in the Strait of Hormuz as a defining shock to global energy markets. The bank now expects Brent crude to average $85 per barrel…
Oil soars above $100/bbl over mix Iran war signals
Ziggy Ojiegbe Oil prices climbed sharply above $100 per barrel on March 24 as geopolitical tensions in the Middle East intensified, underscoring growing market anxiety despite signs of diplomatic engagement. The surge came just a day after the United States…
Energy prices surge after Iran’s strike at Qatar LNG sparks regional outrage
Benchmark Brent crude touches $119/bbl Sopuruchi Onwuka, with agency reports Global energy markets jolted on Thursday after Iran struck Qatar’s Ras Laffan LNG facility, threatening 20 percent of global LNG supply, triggering sharp rises in oil and gas prices and…
Oil surges past $100 as Iran strikes ships and energy targets
Dangote likely to hike domestic fuel prices Frank Okon Retail prices of transportation fuels in Nigeria are far from stable as the war in the Middle East continues to cause fluctuations in the crude oil prices, compelling similar pattern of…
Dangote knocks off N100/l from petrol price as crude oil price drops
Sopuruchi Onwuka Nigeria’s dominant fuel producer, Dangote Petroleum Refinery says it has reduced gantry price for petrol and diesel by some N100 per liter even as the prices remain very high in the face if the prevailing oil supply crisis…
Fuel price jump looms as crude price hits $90/b on Strait of Hormuz closure
Sopuruchi Onwuka Nigerians should brace fuel price jumps as crude oil prices in the international market continues rise on the back of worsening military confrontations among parties and interests in the prevailing Iran war. Oracle Intelligence reports that crude oil…
Nigeria’s Jan oil output, price challenge 2026 budget assumptions
Sopuruchi Onwuka Nigeria’s crude oil production slipped in January, highlighting an early gap between actual performance and the more ambitious assumptions embedded in the 2026 federal budget. An analysis of the January production performance and average oil price in January…
