Some local oil marketers have said that they are getting their petrol supplies from Dangote Refinery and Petrochemical, insisting that nobody is importing the product for...
Crude oil prices dipped on Monday, after Iran said it had “total control” following weekend violence, easing some concerns over supply from the OPEC producer, while...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has voiced strong opposition to the continued importation of Premium Motor Spirit (PMS) into the country. The association...
Oil prices rose on Friday on concerns about potential disruption to Iran’s output and uncertainty about supply from Venezuela. Brent futures were up 50 cents, or...
Oil prices rose on Thursday after two days of declines as investors assessed Venezuela developments and reports on the progress of proposed U.S. sanctions legislation against...
Oil prices steadied on Thursday after their recent slide, while stocks retreated as investors assessed the implications of deepening geopolitical tensions and mixed U.S. labour market...
President Donald Trump has said that Venezuela will surrender about 30 to 50 million barrels of oil to the U.S. following the capture of President Nicolás...
Crude Oil prices fell on Tuesday on expectations of ample global supply amid weak demand, and as the market weighed the prospect of higher Venezuelan crude...
Magnus Abe and Adegbite Ebiowei Adeniji as Chairmen of the Boards of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum...
United States has insisted that it is not at war with Venezuela but is enforcing a sweeping oil quarantine and law enforcement actions aimed at curbing...
OPEC+ has agreed to maintain steady oil output at its meeting on Sunday, the group said in a statement, despite political tensions between key members Saudi Arabia...
Oil prices edged up on the first day of trade in 2026, after last year posting their biggest annual loss since 2020, as Ukrainian drones targeted...
Nigerian National Petroleum Company (NNPC) Limited says it has successfully restored the Escravos–Lagos Pipeline System (ELPS) in Warri, Delta State following its damage by an explosion...
NNPC Limited, plans to sell stakes in some of its oil and gas assets and has called for bids, according to an invitation document seen by...
Crude oil prices rose on Monday as investors weighed the outcome of talks between the U.S. and Ukrainian presidents on a potential deal to end the...