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...

ENERGY

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

Motoring World - 14th March 2023 0

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...

ENERGY

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

Motoring World - 14th March 2023 0

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...

ENERGY

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

Motoring World - 10th March 2023 0

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

ENERGY

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

Motoring World - 10th March 2023 0

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...

ENERGY

Experts Counsel Nigerian Government on Fuel Subsidy Payment

Motoring World - 7th March 2023 0

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

ENERGY

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

Motoring World - 7th March 2023 0

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...

ENERGY

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

Motoring World - 2nd March 2023 0

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....

ENERGY

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

Motoring World - 17th February 2023 0

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...

ENERGY

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

Motoring World - 9th February 2023 0

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....

ENERGY

Oil Prices Rise in Choppy Trade on China Demand Hopes

Motoring World - 6th February 2023 0

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

ENERGY

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

Motoring World - 30th January 2023 0

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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ENERGY

Oil Prices Raise over $3 on Kurdistan Export Halt, Banking Optimism

Nigerian Military Destroys 107 Illegal Refineries in 2 Weeks

Oil Prices Drop, As Oversupply Concerns Overshadow Demand Hopes

Oil Rises as Banking Fears Ease for Now

Oil Prices Rise, As Reports Of Saudi, Russia Meeting Calm Investors

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