Oil Price

Dangote Refinery reverses course, ending its controversial dollar-denominated petrol sales and restoring naira transactions with a new gantry price of N1,215 per litre. Policy U-turn comes amid rising global oil prices, with Brent crude climbing to $95 per...

March 12, (THEWILL) — Global oil prices climbed above the $100-per-barrel threshold after attacks linked to Iran heightened fears of supply disruptions in the Middle East, offsetting efforts by the International Energy Agency (IEA) to stabilise markets through a...

March 05, (THEWILL) — Global crude oil prices climbed toward $84 per barrel, rising above Nigeria’s 2026 budget benchmark and raising expectations of improved government revenue from oil exports. The rally was driven largely by heightened geopolitical tensions in...

February 28, (THEWILL) — Global oil markets have entered a new phase of volatility following coordinated U.S.–Israel strikes across Iran, a development that has sharply heightened geopolitical tensions in the Middle East, the world’s most critical oil-producing region....

December 24, (THEWILL) — Nigeria’s gross oil revenue significantly underperformed its 2025 budget projections in the first half of the year, raising fresh concerns about fiscal sustainability and the government’s ability to fund planned expenditures, according to official...

August 15, (THEWILL) - The oil market is in a bullish move and heading well into the $90 per barrel range, Bob McNally, President at Rapidan Energy, told CNBC’s Squawk Box program on Monday, according to Oilprice.com. Oil hitting...