In the global commodity market, prices of crude oil increased during early hours on Monday as supply concerns emerged following Ukraine’s drone attacks on Russian energy...
NNPC Limited has said that nearly all pipeline theft has been eliminated after coordinated efforts by the country’s defence and intelligence agencies. Three years ago, as...
Nigeria LNG Ltd has inked 20-year gas supply contracts with NNPC Ltd and other oil firms for the supply of 1.29 billion standard cubic feet per...
Africa is set to add 1.2 million barrels per day (bpd) of new refining capacity by 2030, marking one of the fastest downstream expansions globally, according...
National Bureau of Statistics (NBS) says the average retail price of a litre of diesel decreased from N1,813.81 in June 2025 to N1,789.45 in July. The...
Oil prices edged higher in the global commodity market on Wednesday as US industry data showed a larger-than-expected draw in crude inventories, while investors weighed progress...
Oil prices fell on Tuesday as traders thought a possible cease-fire in Russia’s war with Ukraine might lead to easing or the end to sanctions on...
Nigeria Liquefied Natural Gas Limited has called for deliberate investment in the gas sector to stabilise supply and sustain Nigeria’s economic growth. Philip Mshelbila, managing director...
Nigeria attracted over $800 billion capita from global banks into the oil sector in 2024. Bayo Ojulari, the Chief Executive of the Nigerian National Petroleum Company...
Global oil demand growth is expected to slow this year as weaker economic conditions and sluggish non-OECD deliveries weigh on consumption, the International Energy Agency (IEA)...
Nigerian Midstream and Downstream Petroleum Regulatory Authority has reported a significant decline in fuel consumption for June 2025, with total fuel evacuation falling to 1.44 billion...
Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) rose by 263,000 barrels per day (bpd) in July compared to the previous month,...
Nigerian Navy says its special forces deactivated no fewer than 70 illegal refinery sites and confiscated over 400,000 litres of stolen crude oil across the Niger...
Crude oil prices edged high in the global commodity market on declining American crude inventories, signaling a higher demand outlook in the U.S. Also supporting the...
As part of the confidence-building measures agreed upon between the Ogoni people and the Federal Government aimed at facilitating negotiations for resumption of oil exploration in...