Oil prices rose over 2% on Friday as the International Energy Agency said the market was tighter than it appears, while U.S. tariffs and possible further...
Nigerian Upstream Petroleum Regulatory Commission states that 102 Host Community Development Trusts have received N97 billion and $149 million as HCDT funds remitted by settlors. NUPRC’s...
Nigeria’s Dangote petroleum refinery will construct storage tanks in Namibia to hold at least 1.6 million barrels of gasoline and diesel to supply refined fuel to...
Dangote Refinery has reduced its ex-depot the price of petrol, from N840 per litre to N820 per litre, effective immediately. It will be recalled that the...
Oil prices held near a two-week high on Tuesday as investors assessed the latest developments on U.S. tariffs and a higher than expected increase to OPEC+...
TotalEnergies Limited says it will unveil its shallow-water 70,000 barrels per day (bpd) Ima gas field project in Nigeria by 2026. The Country Chairman/Managing Director, TotalEnergies...
National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N7,885.60 recorded in April to N8,167.43 in May 2025. This...
Dangote refinery management has said that its ex-depot price of petrol is now N840 per litre instead of N880. This will bring down the pump price of petrol across...
Oil prices edged higher on Tuesday as investors took stock of positive demand indicators, while also treading cautiously ahead of an OPEC+ meeting to decide the...
Oil prices edged higher on Thursday as crude inventories in the United States fell on higher demand as summer driving season ramped up, while concerns over...
Oil prices rose over 1% on Wednesday, recovering from a sharp slide early this week, as data showed relatively strong U.S. demand, and as investors assessed...
Oil prices fell about 5% to a two-week low on Tuesday on expectations the ceasefire between Israel and Iran will reduce the risk of oil supply...
Following a US-led airstrike targeted at Iranian nuclear facilities, Iran’s parliament approved the closure of the strategically crucial Strait of Hormuz, a vital waterway for global...
Crude oil price is projected to rise by $3-5 per barrel when trading resumes after the U.S. attacked Iran at the weekend, market analysts said, with...
Oil prices slipped on Friday as the U.S. imposed new Iran-related sanctions marking a diplomatic approach that fed hopes of a negotiated agreement, a day after...