Nigeria, March 9 -- Dangote Refinery has assured it will prioritise a steady, reliable supply of fuel to the Nigerian economy amid global oil market uncertainty from the US-Israel war with Iran.
Africa's biggest crude refiner is significantly exposed to volatility in oil prices, which have nearly doubled over the past two weeks, CEO David Bird told a press conference in Lagos on Monday, promising that prices will remain stable within a commercially acceptable range.
Brent, the international price benchmark for Nigerian crude, which traded at $70 a barrel when the war broke out ten days ago, was trading at $119.5 in early trade on Monday, according to Reuters, surging by a quarter from the previous session. That is the peak level since t...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.