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...
Rivers State Government has dismissed reports that the governor of the state, Sir Siminialayi Fubara, has shut down the office of the Nigeria National Petroleum Company...
The Special Adviser to the President on Energy, Olu Verheijen, has expressed confidence in the ability and commitment of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)...
Oil prices rebounded on Wednesday, rising more than 2% after data showed U.S. crude and gasoline inventories fell unexpectedly last week and on reports that OPEC+...
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), said Nigeria’s refining sector has expanded following the issuance of nine Licenses to Establish (LTEs), seven Licenses to...
World Bank Group has said in its latest Commodity Markets Outlook that “global commodity prices are set to tumble to a five-year low in 2025 amid...
Nigeria has blocked Shell’s sale of its entire onshore and shallow-water oil operations, but approved a similar deal by Exxon Mobil, Nigeria Upstream Petroleum Regulatory Commission...
Nigeria’s oil regulator has rejected Shell’s proposed $1.3 billion sale of its onshore oilfields to Renaissance group because the buyer is not qualified to manage the...
The House of Representatives has called on the federal government to reverse the recently increased prices of premium motor spirit otherwise known as petrol, and cooking...