Price

  • Nigeria’s Diesel Price Crashes by 42%

    Nigeria’s Diesel Price Crashes by 42%

    Monday, 19th June 2017
    NNPC announced that the price of diesel has crashed by about 42% nationwide,.
  • Liberian Government Increases Fuel Prices

    Liberian Government Increases Fuel Prices

    Tuesday, 21st March 2017
    The new prices have increased from $3.16 to $3.26 for a gallon of gasoline, while the retail pump price for a gallon of diesel fuel has increased from US$3.13 to $3.26.
  • Kuwait Favors an OPEC Output Cut Extension

    Kuwait Favors an OPEC Output Cut Extension

    Wednesday, 15th March 2017
    Kuwait wants the Organization of Petroleum Exporting Countries (OPEC) to extend output cuts beyond June, becoming the producer group’s first member to call for more time to balance the global oil market.
  • UAE to Increase Fuel Prices in March

    UAE to Increase Fuel Prices in March

    Tuesday, 28th February 2017
    The UAE has seen hikes in petrol and diesel prices since the start of 2017, for three consecutive months now.
  • Tanzania to Set Natural Gas Rates

    Tanzania to Set Natural Gas Rates

    Thursday, 29th December 2016
    Tanzania will start setting indicative prices for natural gas to guide potential investors. The Energy and Water Utilities Regulatory Authority (Ewura) is expected to announce the first list of the prices for 2017 by late December.
  • Khartoum, Juba Extended Oil Agreements

    Khartoum, Juba Extended Oil Agreements

    Wednesday, 21st December 2016
    Sudan and South Sudan agreed to extend the financial arrangements on agreement in the oil field.
  • Sasol Entered Oil Put Options

    Sasol Entered Oil Put Options

    Thursday, 8th December 2016
    South African energy giant Sasol has entered into hedges to mitigate financial risks next year, which covers the oil price.
  • Shell, Apache Agree on Higher Gas Price

    Shell, Apache Agree on Higher Gas Price

    Wednesday, 1st June 2016
    Shell and Apache have agreed with the Ministry of Petroleum on the price of the gas in the limestone layers at Apollonia field in the Western Desert. The new agreement decided on is for the price of $4.6 per 1m thermal units instead of $2.9.
  • Nigeria Unions Call for General Strike Over Gas Price Hike

    Nigeria Unions Call for General Strike Over Gas Price Hike

    Tuesday, 17th May 2016
    Nigeria's two main labour unions called for an indefinite general strike from Wednesday May 18th, unless the government reverses its plan to increase the price of petrol.
  • Main Nigeria’s Oil Workers Unions Back Subsidy Removal

    Main Nigeria’s Oil Workers Unions Back Subsidy Removal

    Monday, 16th May 2016
    The main Nigerian oil workers unions, NUPENG and PENGASSAN, have declared their support for the government’s new price of petrol, after the removal of a controversial subsidy on gas, although the move is nearly doubling the price.