Russia and China have signed a legally binding memorandum for the construction of a new gas pipeline through Mongolia to China. Alexei Miller, the head of...
Nigeria has signed a production-sharing contract (PSC) with TotalEnergies and local firm South Atlantic Petroleum for two offshore blocks, in a step to boost exploration and...
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria’s gas flaring has fallen to 7.16 per cent in July 2025, while daily gas production rose to 7.59...
Oil prices fell on Friday as traders looked toward weaker demand in the U.S., the world’s largest oil market, and possible behind-the-scenes moves towards a deal...
Oil prices tracked lower on Thursday as new US tariffs on India fueled trade concerns and expectations of weaker fuel demand with the end of the...
In the global commodity market, prices of crude oil were under pressure early Wednesday due to diplomatic efforts toward peace in the Russia-Ukraine war and the...
Enforcing its zero tolerance for auto crashes, the Dangote Articulated Trucks Drivers Training School (DATDTS), in collaboration with the Federal Road Safety Corps (FRSC), is implementing...
Oil prices fell 2% on Tuesday, erasing gains from the previous session, as investors watched developments around U.S. tariffs, the war in Ukraine and the potential...
In the global commodity market, prices of crude oil increased during early hours on Monday as supply concerns emerged following Ukraine’s drone attacks on Russian energy...
NNPC Limited has said that nearly all pipeline theft has been eliminated after coordinated efforts by the country’s defence and intelligence agencies. Three years ago, as...
Nigeria LNG Ltd has inked 20-year gas supply contracts with NNPC Ltd and other oil firms for the supply of 1.29 billion standard cubic feet per...
Africa is set to add 1.2 million barrels per day (bpd) of new refining capacity by 2030, marking one of the fastest downstream expansions globally, according...
National Bureau of Statistics (NBS) says the average retail price of a litre of diesel decreased from N1,813.81 in June 2025 to N1,789.45 in July. The...
Oil prices edged higher in the global commodity market on Wednesday as US industry data showed a larger-than-expected draw in crude inventories, while investors weighed progress...
Oil prices fell on Tuesday as traders thought a possible cease-fire in Russia’s war with Ukraine might lead to easing or the end to sanctions on...