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Ghana Removes Fuel Subsidy

The Ghana National Petroleum Authority has announced removal of fuel subsidy in the country. The removal of the subsidy is part of the country’s implemented regulatory...

Nigeria’s Crude Oil Sales Rise By 46% to N21tn

Nigeria’s crude oil sales rose by 46.41 per cent to push Nigeria’s total export to N26.79tn in 2022. This is as total trade rose by...

Oil Prices Fall to three-month low on Fear of US Financial Crisis

Oil prices dropped over 4% to a three-month low on Tuesday after a U.S. inflation report and the recent U.S. bank failures sparked fears...

Oil Prices Slip to Two-Week Low on US Recession Fears

Oil fell for a fourth session today (Friday, 10th March 2023), heading for its biggest weekly loss in five weeks on worries about the...

Nigerian Military Destroys 74 Illegal Refineries, Apprehends 71 Criminals in 2 Weeks

Nigeria's Defence Headquarters says troops of Operation Delta Safe have discovered and destroyed 74 illegal refining sites in the Niger Delta region in the...

Experts Counsel Nigerian Government on Fuel Subsidy Payment

The Federal Government of Nigeria has been urged to totally deregulate the petroleum industry and reinvest its subsidy payment to more productive sectors of...

Oil Falls by $3/bbl as Investors Brace for Steeper US Rate Hikes

Oil prices fell by $3 a barrel on Tuesday after comments from U.S. Federal Reserve Chair Jerome Powell stoked rate hike fears, the dollar...

Oil Rises on Easing US Rate Hike Fears, China Demand Hopes

Oil prices rose on Thursday, boosted by signs of a strong economic rebound in top crude importer China and easing worries of aggressive U.S....

Oil Prices Heads for Weekly Loss on Rate Hike Worries, Ample Supply

Oil fell almost 3% today (Friday) and was on course for a weekly decline, pressured by concerns of more U.S. Federal Reserve interest rate...

Global Oil Prices Fall as U.S. Crude, Fuel Inventories Swell

Crude prices eased on Thursday as the devastating earthquake that struck the Middle East appeared to spare serious damage to oil infrastructure, while U.S....

Oil Prices Rise in Choppy Trade on China Demand Hopes

Oil prices edged higher in choppy trading on Monday, as markets weighed a return in demand from China against supply concerns and fears of...

Oil Prices Crash, as Rate Hikes Loom, Russian Flows Stay Strong

Crude Oil prices fell today (Monday), giving up earlier gains, as looming interest rate hikes by major central banks and signs of strong Russian...

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Hyundai Reveals Eighth-Generation Sonata, Spices up Midsize Sedan Segment

Hyundai Motor Company on Monday revealed the design of the new SONATA, with a new badge for the eighth-generation midsize sedan that heralds its...

Frustrating: Nissan Team Drops out of São Paulo Formula E-Prix

Nissan Formula E Team had a tough race at the maiden São Paulo E-Prix, despite showing strong pace in the two Free Practice sessions,...

Honda’s Marquez to Miss Argentina GP Due to Hand Injury

Honda's Marc Marquez will miss the second round of the MotoGP championship in Argentina after undergoing surgery to repair a fracture in his right...

Tired of Dodging Potholes? Follow These Handy Tips From Dunlop

Are you fed up with frequent swerving around potholes and praying that your car will make it to its destination in one piece? Roads in...