The Economic Reasons Why Oil Consumers Need to be “Gouged”

FG mounts pressure on marketers to cut petrol price

By Obas Esiedesa, Abuja The Federal Government on Monday mounted fresh pressure on petroleum marketers to reduce the pump price of Premium Motor Spirit also known as petrol, insisting that the sharp decline in international crude oil prices should be reflected in retail fuel prices across the country. Speaking at the Stakeholders’ Meeting on Cost-Reflective [] The post FG mounts pressure on marketers to cut petrol price appeared first on Vanguard News.

Harga minyak kukuh, Petronas perlu percepat pelaburan

PETALING JAYA: Harga minyak yang lebih kukuh kini menjadi pemangkin utama kepada Petroliam Nasional Berhad (Petronas) untuk menggerakkan semula pelaburan sektor huluan yang sebelum ini ditangguhkan, sekali gus mengurangkan justifikasi syarikat untuk terus mengambil pendekatan berhati-hati terhadap perbelanjaan modal. Menurut CIMB Securities Sdn. Bhd., gabungan harga minyak yang tinggi, aliran tunai yang lebih mantap serta ... Read more The post Harga minyak kukuh, Petronas perlu percepat pelaburan appeared first on Utusan Malaysia.

Trump demands gas stations slash prices, warns of ‘big problems’ ahead

U.S. President Donald Trump accused major oil companies of price gouging after gasoline prices failed to fall even as crude oil prices declined following the easing of tensions in the Middle East. He argued that the companies were not passing the savings on to consumers at the pump despite paying less for crude oil. Amid...

US consumer confidence inches up as economic pessimism lingers

Consumer attitudes had significantly deteriorated following the Iran war, which triggered a surge in oil and gas costs

FCCPC Probes Fuel Pricing Amid Consumer Exploitation Concerns

The Federal Competition and Consumer Protection Commission, FCCPC, has raised concerns over what it described as possible consumer exploitation in the downstream petroleum sector. This follows findings that reductions in fuel prices have not reflected the sharp decline in global crude oil prices. READ ALSO: FCCPC Seals Firms Over Consumer Protection Violations Allegations The Commission, in [] The post FCCPC Probes Fuel Pricing Amid Consumer Exploitation Concerns appeared first on Voice of Nigeria.

Oil Drops as Flows in Hormuz Persist and OPEC+ Flags More Supply

Oil fell as energy flows through the Strait of Hormuz persisted and OPEC+ signaled higher supplies, fanning concerns about a potential glut.

FG insists on fuel price slash at meeting with Dangote Refinery, marketers

The Federal Government has called on marketers to reduce the pump price of petrol to reflect falling crude costs in the international market. The Minister of state for Petroleum Resources (Oil), Heineken Lokpobiri, made the call on Monday at a stakeholders’ meeting with the marketers and other downstream petroleum sector operators. The minister demanded that the sharp [] FG insists on fuel price slash at meeting with Dangote Refinery, marketers

Commodities: Oil Has Its Worst Quarter Since 2020

Commodities: Oil Has Its Worst Quarter Since 2020

Trump accuses oil companies of price gouging, orders DOJ to investigate

President Donald Trump criticized “big oil companies” for not lowering prices for consumers, even though oil purchase costs have dropped. He accused oil companies of price gouging consumers, ordered the Department of Justice to investigate the current practice, and demanded that the country’s gas prices start dropping quickly. Trump issued the rebuke to oil companies []...Click to read more

कच्चा तेलको मूल्यमा ५% को उछाल

काठमाडौँ ।अमेरिकी राष्ट्रपति डोनाल्ड ट्रम्पले इरानसँगको युद्धविराम समाप्त भएको संकेत दिएपछि अन्तर्राष्ट्रिय बजारमा कच्चा तेलको मूल्य उल्लेख्य रूपमा बढेको छ। ट्रम्पको अभिव्यक्तिपछि ब्रेन्ट र डब्लूटीआई दुवै क्रुड तेलको मूल्य करिब ५ प्रतिशतले उकालो लागेको हो। अन्तर्राष्ट्रिय बजारमा ब्रेन्ट क्रुडको मूल्य ५.१० प्रतिशत अर्थात् ३.७८ अमेरिकी डलरले बढेर प्रतिब्यारेल ७७.९४ डलर पुगेको छ। त्यस्तै, डब्लूटीआई क्रुड []

These businesses made a buck from the war. Others are set to get a boost

Many companies grappled with dampened consumer sentiment and rising costs, but oil refiners and supermarkets did well out of the conflict.

Why Do Gasoline Prices Fall Slower Than They Rise?

President Donald Trump recently accused major oil companies of “gouging” consumers by failing to lower gas prices at the pump The post Why Do Gasoline Prices Fall Slower Than They Rise? appeared first on IER.

India’s LPG consumption declined 8% in H1 2026 as West Asia conflict upended supply

The decline in consumption was entirely due to lower availability, the Petroleum Planning and Analysis Cell said

Trump blasts oil companies for not lowering prices to consumers, accuses them of price gouging

President Donald Trump criticized “big oil companies” for not lowering prices for consumers, even though oil purchase costs have dropped. He accused oil companies of price gouging consumers, ordered the Department of Justice to investigate the current practice, and demanded that the country’s gas prices start dropping quickly. Trump issued the rebuke to oil companies []

Global Oil Demand Is Heading For Its First Drop Since 2020. What's Driving It?

According to the AP report, global oil consumption in May fell by 5.3 million bpd from a year earlier to an average of 97.9 million barrels per day.

Current price of oil as of July 10, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Hormuz: China Oil Demand Tapped out, Heavy Truck EVs Rise

If the country stops needing to use diesel for trucks, that is game over for petroleum

Marketers reveals how fuel should cost as crude oil price crashes

PETROAN urges petrol price reductions in Nigeria as global crude oil costs fall. Concerns grow over cheaper imported fuel compared to local refinery prices.

Big Tech is scrambling to secure scalable power, as the data empire requires vast electricity production

(NaturalNews) For a century, oil was the singular commodity that built empires and destroyed governments. Nations went to war over it. Corporations were born from i...

8 Health Dangers of Canola Oil: Not the Healthy Oil You’ve Been Led to Believe

Canola oil has practically taken over as the food processing industry’s oil of choice. Whether it’s mayonnaise, chips, or salad Read More » The post 8 Health Dangers of Canola Oil: Not the Healthy Oil You’ve Been Led to Believe appeared first on Live Love Fruit.

Crude price fall: FCCPC frowns at exploitation in oil market, to sanction profiteers

The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern over findings from an ongoing surveillance of the downstream petroleum market suggesting undue exploitation of consumers. In its statement, FCCPC stated that a review of the gantry prices of local refiners, marketers, depot operators and retail outlet operators revealed token reductions in prices that The post Crude price fall: FCCPC frowns at exploitation in oil market, to sanction profiteers appeared first on Dateline Nigeria.

Cooking gas shortage hits Mugu

By Hari Krishna Aidi, Mugu, July 5: Despite regular deliveries of liquefied petroleum (LP) gas and other petroleum produ...

Oil prices slip as OPEC+ output hike fuels oversupply concerns

Oil prices slip as OPEC+ output hike fuels oversupply concerns

Oil falls below $70 a barrel. Trump says Big Oil needs to cut gas prices faster

The president accused companies of gouging consumers as crude oil fell below 70 a barrel for the first time since early March