Oil prices moved lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade...
The Dangote Refinery has increased the price of petrol from N899 to N955/litre for bulk buyers. Just yesterday Heineken Lokpobiri, the Minister of State for Petroleum...
Organization of the Petroleum Exporting Countries (OPEC) has projected global oil demand growth rate at 1.4 million barrels per day (mb/d) in 2025, with a similar...
Nigerian army said it has apprehended no fewer than 15 persons over suspected oil theft and illegal oil bunkering activities in the Niger Delta. Lt.-Col. Danjuma...
Oil prices slid on Tuesday with investor profit-taking after reaching three-month highs over new US sanctions on Russia’s energy sector, while reports of a potential ceasefire...
Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest U. S. sanctions package...
Petroleum Retail Outlets Owners Association of Nigeria, PETROAN, has blamed the seaming hitches in the distribution of petroleum products from the Port Harcourt Refinery to filling...
Oil prices reversed early declines on Tuesday, supported by fears of tighter Russian and Iranian supply in the face of escalating Western sanctions. Brent crude futures...
Management of BUA Refinery and Petrochemicals says the refinery is scheduled for completion by 2025 year. It denied media reports that the refinery is about 90%...
Nigerian National Petroleum Company Limited says the Port Harcourt Refinery and Kaduna Refinery are undergoing a comprehensive overhaul designed to meet world-class standards. The company said...
Former President Olusegun Obasanjo has said that Shell turned his offer to them to mange Nigerian refineries on account of corruption which they did not want...
Oil prices rose about 2% on Thursday as investors returned for the first trading day of the new year with an optimistic eye on China’s economy...
Oil prices were set to end 2024 with a second-straight annual loss on Tuesday as the post-pandemic demand recovery stalled, China’s economy struggled, and non-OPEC producers...
Federal Government has raised production benchmark for crude from 1.8 million barrels per day to 3 million barrel for 2025 to boost the national economy. Minister...
NNPC has said it had resumed some operations at its Warri oil refinery after almost a decade of shutdowns, one of a string of long-running failures...