Oil prices rose more than 1% on Tuesday, as renewed Iranian attacks on the United Arab Emirates heightened concerns about the worsening outlook for global supply...
Europe is facing renewed gas supply pressure. Disruptions in the Strait of Hormuz and ongoing EU efforts to reduce reliance on Russian gas have exposed vulnerabilities...
Brent crude climbed past $100 a barrel on Friday as it became clear an Indian tanker did not sail through the Strait of Hormuz but had...
U.S. Energy Secretary Chris Wright said on Thursday that oil prices are unlikely to reach $200 a barrel, with President Donald Trump touting U.S. gains from...
Nigeria’s government is monitoring escalating tensions in the Middle East as it assesses potential risks to the country’s economic stability, the finance ministry said on Wednesday....
The African Energy Chamber (AEC) – the voice of the African energy sector – is calling for an industry-wide boycott of the upcoming Africa Energies Summit....
Oil prices eased as markets began to price in a remark that the Middle East conflict will end soon. Brent crude traded at $91.67 per barrel....
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the Nigerian National Petroleum Company Limited (NNPC Ltd.) to urgently strengthen domestic refining capacity....
Dangote Petroleum Refinery has reduced its ex-depot price for Premium Motor Spirit (PMS) by N100, with the refinery now selling at N1,075. The reduction from N1,175...
For the third time in a week, Dangote Petroleum Refinery has increased the petrol price to N1,175 per litre amid hostilities between the U.S., Israel, and Iran....
Oil prices soared about 8% to their highest since July 2024 on Tuesday, rising for a third session as the U. S.—Israel war against Iran widened,...
Brent crude oil jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as...
Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the registration and submission of applications for Pre-Qualification under the Nigeria 2025 Licensing Round will close at 4.30 p.m....
A Nigerian court has ordered oil exploration firm Oriental Energy, owned by billionaire Mohammed Indimi, to pay $43.51 million to two daughters of the oil magnate,...
Nigeria’s state oil firm NNPC will begin exporting a new light, sweet crude grade called Cawthorne from March, an NNPC spokesperson said, adding to a recent...