Browsing: WTI Crude

The Dangote Petroleum Refinery has raised its ex-depot price for Premium Motor Spirit (PMS) to ₦880 per litre on Friday,…

The Dangote Petroleum Refinery, Africa’s largest crude processing facility, has blamed domestic crude shortages for its growing reliance on U.S.…

Brent crude is more than just a global oil benchmark; it carries a quirky history, a shifting blend, and a…

The Dangote Petroleum Refinery will export its first petrol (PMS) cargo outside Africa this weekend, marking a major milestone for…

Explosions rocked central Tehran on Saturday as the conflict between Israel and Iran escalated dramatically, sending shockwaves through global energy…

Nigerian fuel depots have sharply raised prices in response to a global oil rally. Between Wednesday, June 11, and Friday,…

Depot prices for diesel, also known as Automotive Gas Oil (AGO), have spiked by more than 10% within five days…

Global investment bank Morgan Stanley says the oil production increase pledged by OPEC+ for May has failed to materialize, despite…

Despite being Africa’s largest oil producer, Nigeria has long found itself in a paradox: it exports crude oil and imports…

The Dangote Refinery, Africa’s largest oil-processing facility, now relies heavily on U.S. crude oil imports, particularly the WTI Midland grade,…