Oil prices jumped about 6% to more than $100 a barrel on Monday after the U.S. military said it will blockade ships leaving Iran ports, while...
Nigerian National Petroleum Company Limited (NNPC) said it grew its revenue to N2.68 trillion, up from N2.57 trillion in January despite a dip in crude oil...
Oando PLC plans to raise up to $750 million this year for a drilling campaign that could boost output by 300%, tapping improved investor appetite for...
Oil prices rose towards $100 a barrel on concerns over Saudi Arabia supply disruptions and limited flows through the Strait of Hormuz, but were still on...
Brent crude oil and major oil contracts crashed below $95 a barrel on Wednesday after Iran agreed to reopen the Strait of Hormuz, a vital route...
European and Asian refiners are paying record high prices of near $150 a barrel for some crude oil grades, far exceeding prices for paper futures, highlighting...
Dangote refinery, Africa’s largest, has increased exports of gasoline and urea to African countries hit by supply disruptions caused by the Iran war, its owner Aliko...
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...