Major oil marketers have sourced 148,463,142 litres of Premium Motor Spirit, PMS, also known as petrol from the Dangote Petroleum Refinery following increased domestic availability. The...
Old Port Harcourt Refinery is currently operating at 70 per cent of its installed capacity, with plans to ramp up to 90 per cent. Meanwhile, the...
The Port Harcourt Refinery has officially begun processing crude oil, marking a significant milestone in Nigeria’s energy sector. This development comes after a $1.5 billion renovation...
Nigerian National Petroleum Company Limited, NNPCL, said there is no discrepancy between its crude oil production figures and those supplied by the regulatory agency, the Nigerian...
The presidency has revealed that an impressive $7.5 billion is being saved annually from funds previously allocated to fuel subsidy following its removal. Sunday Dare, the...
The Nigerian government’s plan to sell crude priced in the local currency is faltering, with refiners, including the giant Dangote Oil Refinery, saying they are still...
Nigeria National Petroleum Company Ltd. is seeking term customers for its new crude oil grade Utapate and is aiming to double output by the end of...
Oil prices rose on news on Monday that output at Norway’s giant Johan Sverdrup oilfield has been halted, adding to earlier gains stemming from escalation in...
Oil prices fell by more than $2 a barrel on Monday after China’s stimulus plan disappointed investors seeking fuel demand growth in the world’s second-biggest oil...
Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday reached an agreement with Dangote Refinery to lift petroleum products directly. The agreement came after weeks of...
Global oil demand is projected to reach 120.1 million barrels per day by 2050, while energy demand will rise 24 per cent during the same period,...
Nigerian multinational energy company Oando is targeting a production of 100,000 barrels per day (bpd) by 2028, following its landmark acquisition of Eni’s Nigerian Agip Oil...
Oil prices turned positive on Wednesday after falling by more than $2, despite U.S. crude stocks rising by more than expected, according to the Energy Information...
Oil prices edged up about 1% to a one-week high on Tuesday ahead of what is expected to be an exceptionally close U.S. presidential election, after...
Pinnacle Oil and Gas Limited, a major operator in Nigeria’s downstream sector, has denied blending substandard petroleum products. In a press release, Group Chief Branding and...