Oil prices rose more than $1 per barrel on Tuesday as new U.S. sanctions against Iran and rising equity markets helped spark a recovery rally from...
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Bashir Ojulari, has pledged to attract a staggering $60 billion in investments...
House of Representatives Committee on Petroleum Resources, Upstream, has said it would quickly amend the Petroleum Industry Act, PIA, to increase oil companies’ contributions to Host...
The international benchmark, Brent crude, increased by around 0.57%, trading at $64.92 per barrel, up from $64.55 at the previous session’s close. The US benchmark West...
Federal Government of Nigeria plans to establish a national strategic petroleum products stockpile this year to safeguard its economy against disruptions in the international market, the...
Crude oil prices increased in the global commodity market on Monday as traders weighed mixed signals about U.S. tariff implementations while data showed that China’s oil...
The Nigerian Army says it uncovered 11 new bunkering facilities during a six-day operation in Akwa Ibom, Bayelsa, Delta and Rivers. Danjuma Danjuma, spokesman for the...
The police command in Oyo State has arrested three suspects allegedly linked to the hijacking of a DAF truck loaded with 45,000 liters of petrol belonging...
Dangote Refinery has reduced its price of petrol to N865 per litre, a drop by N15 per litre from the old price. The company sent a...
Germany is eyeing expanded investments in Africa’s energy sector, having pledged €4 billion for green energy projects by 2030 and advancing hydrogen and gas partnerships through...
Oil prices ticked higher on Tuesday but remained near four-year lows as recession fears exacerbated by trade conflict between the United States and China, the world’s...
Oil prices eased about 1% to a near four-year low on Monday on worries U.S. President Donald Trump’s latest round of trade tariffs could push economies...
Movement for the survival of Ogoni people, MOSOP, has called on the federal government to set aside a minimum of 20percent profit made from extractive resources...
Troops of Nigeria Army and other sister agencies have crackdown on oil thieves, arresting 43 suspects and confiscating 254,000 liters of stolen petroleum products. The troops...
Crude oil prices plunged nearly 8% on Friday, heading for their lowest close since the middle of the pandemic in 2021, as China ramped up tariffs...