-2.1 C
New York City
Thursday, March 23, 2023
Home BUSINESS ENERGY

ENERGY

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...

Oil Steady, as China Reopening is Balanced by Economic Concerns

Crude oil prices remains steady today (Tuesday) as concerns about a global economic slowdown and expected build in U.S. oil inventories were offset by...

Group Demands Immediate End to Fuel Scarcity in Nigeria

The National Association of Energy Correspondents (NAEC) have called on the Nigerian government agencies responsible for regulation and supply to immediately arrest the worsening...

Lingering Fuel Scarcity: Lagos to Regulate Activities of Oil Marketers

ROTIMI ASHER Due to the lingering fuel scarcity across the Country, which has continued to affect the free flow of traffic in Lagos, the State...

Most Read

Toyota Launches Pedestrian-Mobility-Assistance Machine, C+walk

Toyota Motor Corporation (Toyota) has released the C+walk S, a pedestrian-mobility-assistance model that is the second in the new C+walk mobility series. The C+walk S...

Hyundai Develops Automatic Charging Robot for Electric Vehicles, Releases Video

Hyundai Motor Group (the Group) has developed an automatic charging robot (ACR) for electric vehicles (EV), and today (Tuesday) released a video showing its...

Mitsubishi XRT Concept to Debut at Motor Show

Mitsubishi Motors Corporation (hereafter, Mitsubishi Motors) will display the Mitsubishi XRT Concept – a concept car of the all-new Triton pickup truck at the...

Safety Tips for Motorists during Unrest

Following the just concluded general election in Nigeria, certain groups and political parties are beating the drums of protest. Historically, during protests, motorists are...