Nigerian crude oil – REXTUN CITY UPDATES

Dangote Refinery Buys Nigerian Crude at International Prices — CEO

March 10, 2026March 10, 2026 Rextun boss No Comments

The management of the Dangote Petroleum Refinery has disclosed that the refinery purchases crude oil from Nigeria at international market prices, despite the introduction of a crude-for-naira arrangement by the federal government. The Managing Director and Chief Executive Officer of the refinery, David Bird, made the clarification during a media chat, explaining that the refinery…

Petroleum, Power and Energy

Middle East Tensions Push Nigerian Crude Toward $80 per Barrel as Global Oil Markets React

February 28, 2026February 28, 2026 Rextun boss No Comments

Rising geopolitical tensions in the Middle East are sending shockwaves through global energy markets, with Nigerian crude oil now projected by analysts to climb toward the $80-per-barrel mark. The renewed volatility follows reported military actions involving Israel and the United States against Iran, a development that has heightened fears of potential disruptions to global oil…

Finance and Economy