Oil prices jumped more than 2% as some oil tankers diverted course from the Red Sea after overnight strikes by the U.S. and Britain on Houthi...
African Export-Import Bank said it has successfully arranged a syndicated $3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited and that...
Oil prices rose on Thursday after Iran seized an oil tanker off the coast of Oman, raising the prospect of escalating conflict in the Middle East....
A United Nations report has predicted a drop in the price of fuel in Nigeria in 2024. The UN World Economic Situation and Prospects (WESP) report...
Nigeria’s Dangote oil refinery could begin test runs as early as this week after receiving a sixth crude cargo on Monday, company officials said, finally bringing...
Saudi Aramco on Sunday said it would cut crude prices to all regions, including its largest market in Asia – a move that comes amid weaker...
Nigerian state-owned oil firm NNPC Ltd will complete test runs at the Port Harcourt refinery in the south this month, in a major step towards resuming...
Supreme Court has ruled that Shell should be granted a hearing over an alleged oil spill in the Niger Delta after the Court of Appeal halted...
Dangote Petroleum Refinery, has received the fifth crude oil shipment of one million barrels of Bonny Light supplied by the Nigerian National Petroleum Corporation Limited (NNPCL)....
The Nigerian National Petroleum Company (NNPC) Ltd. has assured Nigerians and the general public that there is no imminent increase in the cost of Premium Motor...
Oil prices rose more than a $1 a barrel on Wednesday after reports of a disruption to Libya’s top oilfield added to supply concerns emanating from...
Preparations are in top gear for the commencement of production in Dangote Refinery, as the petrochemical company has received the fourth crude shipment of, one million...
Nigeria’s upstream oil regulator has said that an annual oil and condensates production target of 2.6 million barrels per day by 2026, an ambitious jump from...
Some Oil and Gas Experts have said that the coming on stream of both Port Harcourt and Dangote refineries may lead to some marginal reduction in...
Oil futures ticked higher on the final trading day of 2023 Friday, on track for the first losing year since 2020 as concerns about the demand...