The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has said that the recent rise in Liquefied Petroleum Gas (LPG) prices is driven by supply constraints...
U.S. crude oil futures for immediate delivery next month hit their largest-ever premium over the second-month contract on Thursday, as traders scrambled to secure barrels after...
The industry-wide boycott of the upcoming Africa Energies Summit will continue as the conference organizers Frontier Energy Network refuse to abandon their policy of discrimination. The...
Nigerian National Petroleum Company (NNPC) is allocating seven crude cargoes for May loading to Nigeria’s Dangote refinery, up from the five it received in previous months,...
The World Bank has reaffirmed its commitment to supporting gas development and energy infrastructure across Africa, with a focus on regional collaboration, private sector investment and...
Fuel prices in Nigeria have reached record-high levels, industry figures show, as maximum output from the giant Dangote Petroleum Refinery has failed to shield the country...
Dangote Refinery and has reduced the gantry price of its petrol to ₦1,200 per litre and its coastal price at ₦1,153 per litre. The new gantry...
Oil prices sank about 5% on Wednesday after reports the United States had sent Iran a 15-point proposal aimed at ending the war, prompting talk of...
Federal High Court, Abuja Division, on Wednesday, made an order for the final forfeiture of $13 million linked to Aisha Achimugu’s Oceangate Engineering oil and gas...
Iran is easing restrictions on transit through the Strait of Hormuz, saying vessels not deemed hostile and not supporting military action against Tehran may pass, according...
Nigeria Upstream Petroleum Regulatory Commission, NUPRC, has vowed that it would not give divestment approval to any company that its process does not meet the considerations...
Nigeria foremost industrialist, Alhaji Aliko Dangote, has warned that Middle-East tensions driving global oil volatility could have prolong far-reaching consequences for Nigeria, African and global economies....
Oil prices dropped about 8% on Monday after U.S. President Donald Trump said he would postpone any military strikes against Iranian power plants for five days...
Benchmark Brent oil prices jumped above $119 a barrel on Thursday after Iran attacked energy facilities across the Middle East following Israel’s strike on its South...
Oil prices rose more than 5% on Wednesday after Iran’s Revolutionary Guards threatened to attack several energy facilities across the Middle East in retaliation, heightening the...