[Premium Times] Countries belonging to the International Energy Agency have agreed to release 400 million barrels of emergency oil reserves to stabilise global markets amid supply disruptions caused by the escalating Middle East war.
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[Vanguard] The management of Dangote Petroleum Refinery has said the latest price reduction was to reduce the sufferings of Nigerians.
[This Day] President of the Dangote Industries Limited (DIL), Aliko Dangote, yesterday maintained that Nigeria's downstream regulator is still issuing licences for the importation of petrol despite public claims to the contrary, warning that the practice could undermine the operations of his refinery and jeopardise Nigeria's energy security.
[allAfrica]
[AIM] Maputo -- The Mozambican government has pledged that retail fuel prices will not rise until at least the end of April, despite the US-Israeli aggression against Iran, and the subsequent closure of the Strait of Hormuz.
[Ghanaian Times] Economist Dr Adu Owusu Sarkodie has stated that the escalating war in the Middle East could unexpectedly increase Ghana's revenue if global oil prices continue to rise.
[New Dawn] - The Government of Liberia, through the Liberia Petroleum Refining Company (LPRC), has cautioned Liberians to prepare for a potential rise in the prices of petroleum products as global market pressures intensify.
[Daily Trust] The Iranian Ambassador to Nigeria, Gholamreza Mahdavi Raja, has accused the United States of using the ongoing conflict with Iran to secure control over the country's energy reserves, describing Washington's actions as driven by "hegemonic ambitions."
[Daily Trust] Stakeholders in Nigeria's economy have outlined key priorities for the country to maximise potential gains from the escalating crisis in the Middle East.
[Daily Trust] The Nigerian National Petroleum (NNPC) Limited said crude oil production increased to 1.64m in the month of January from the 1.55m barrels produced per day in December 2025.
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