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Naira bullish outlook softens as Dollar muscle outweighs CBN’s present playbook

The naira's outlook swung marginally into a bearish mode as the CBN is expected to keep rates unchanged amid a soaring US dollar and increased cost in petrol. The post Naira bullish outlook softens as Dollar muscle outweighs CBN’s present playbook appeared first on Nairametrics .

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Europe’s Fuel Crisis Spreads From Diesel to Jet Fuel

Europe is reeling from a diesel supply crunch, and now another squeeze is looming on the horizon, as jet fuel supply tightens ahead of the final quarter of the year. Per Energy Aspects, the shortfall in jet fuel supply for Europe next quarter could reach 510,000 barrels daily, Reuters reported today, adding that the consultancy sees a jet…

  • Europe faces jet fuel supply shortfall of 510,000 barrels daily in final quarter.
  • European jet fuel stocks at seven-year low, Amsterdam hub at 454,000 tons.
  • South Korea becomes primary jet fuel supplier to Europe, importing 129,000 barrels daily.

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