OilIndustry

🛢 Oil continues to rise after closing the previous session at its highest levels in more than two months, supported by increasing expectations that countries around the world will cut interest rates to stimulate economic growth.

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🛢 Oil rises in thin holiday trading, supported by hopes of additional fiscal stimulus in China, the world's largest oil importer.

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🛢 Oil prices are steady, but heading for a weekly rise, amid optimism that economic stimulus efforts will lead to a recovery in China, but a stronger dollar limited gains.

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🛢 Oil prices fell on Friday, heading for their first monthly decline since November, as uncertainty over global economic growth and fuel demand from Washington's tariff threats and more signs of a U.S. economic slowdown outweighed supply concerns.

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🛢 Oil rises as US oil inventories decline and expectations grow that the US Federal Reserve will continue its interest rate cut path.

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🔴 Crude oil prices fell during trading on Tuesday, amid declining investor expectations for demand growth due to the ongoing trade war between the US and China, the world's two largest economies.

🔻 Brent crude futures fell 0.79%, reaching $65.34 per barrel.

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🛢 Oil stabilizes after the Russian-Ukrainian truce and a decline in US inventories.

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⭕ Goldman Sachs says that risks to oil prices tend to rise in the short term and fall in the medium term.. 🛢

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🛢 Oil rises more than 3%, supported by hopes of a trade agreement between the United States and the European Union, amid growing supply concerns after Washington imposed further sanctions to reduce Iranian oil exports.

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⭕ Oil prices fell 2.2% to $66 a barrel as investors refocused on concerns that US tariffs will create economic headwinds that will reduce fuel demand growth.

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🛢 Oil prices fell in early trading on Wednesday amid uncertainty over shifts in US trade policy, while markets assessed the potential impact of the US-China trade war on economic growth and energy demand.

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How Aliko Dangote Reshaped the Global Energy Landscape 🌍
#OilIndustry
In a bold move that many doubted, Africa’s wealthiest man, Aliko Dangote, bet $23 billion on constructing a single oil refinery. Critics laughed at the idea, but fast forward 11 years, and his vision has doubled his net worth in just one year. Today, the Dangote Refinery processes an astonishing 500,000 barrels of oil daily, transforming energy markets on a global scale.

The Vision That Changed Everything ⚡
In 2013, oil prices were soaring, yet Nigeria, Africa’s largest oil producer, lacked refining capacity. Instead of processing its own crude, the nation spent billions importing refined petroleum products from Europe—an inefficiency that drained its economy. While most saw this as a challenge, Dangote saw an unprecedented opportunity to revolutionize the industry and bring energy independence to Nigeria.

From Gamble to Game-Changer 🔥
The Dangote Refinery, now one of the world’s largest, is rewriting Africa’s economic narrative. By reducing reliance on imported fuel and increasing local production, Dangote has positioned Nigeria as a powerhouse in global energy markets. His story is a testament to vision, resilience, and strategic foresight, proving that big risks can lead to even bigger rewards.

#DangoteRefinery #EnergyRevolution #NigeriaEconomy

Oil prices rose on Monday, but remained affected by uncertainty surrounding trade talks between the US and China, which is casting a shadow over global growth prospects and fuel demand, while the possibility of OPEC+ increasing supplies has increased market pessimism.

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