Category: Oil and Gas

Oil prices drop as Iran declares Strait of Hormuz ‘completely open’

Oil prices plunged Friday after Iran’s Foreign Minister Abbas Araghchi said the vital Strait of...

NUPRC reports 4.2% rise in March oil output

The Nigerian Upstream Petroleum Regulatory Commission on Wednesday said that Nigeria’s oil production rose by...

Dangote plans historic Pan-African IPO for oil refinery

President of Dangote Industries Limited, Aliko Dangote, is planning a landmark cross-border public offering of...

Southeast Asia turns to electric cars amid fuel price surge

Electric vehicle sales have jumped in Southeast Asia as cost-conscious buyers have poured into dealerships...

NNPCL reports ₦2.68tn revenue despite oil production drop

The Nigerian National Petroleum Company Limited has announced a revenue collection of N2.68 trillion from...

Oil prices surge again amid Middle East ceasefire uncertainty

Oil prices jumped and most stock markets fell Thursday as investors weighed the prospects of...

Oil sector reforms have attracted $24bn investments — NNPCL

The Nigerian National Petroleum Company Limited has said recent reforms in the oil and gas...

Bonny Light crude drops to $94.41/b after US-Iran ceasefire

The price of Nigeria’s Bonny Light crude has dropped by 14.2 per cent to $94.41...

Nigerian crude oil crashes below $95/barrel as Hormuz reopens

Nigerian crude oil and major oil contracts crashed below $95 a barrel on Wednesday after...

Dangote slashes petrol price to ₦1,200/litre amid global oil crash

The Dangote Petroleum Refinery & Petrochemicals has slashed the ex-gantry price of Premium Motor Spirit...

Iran opens Hormuz Strait after two-week ceasefire deal with US

Iranian Foreign Minister Abbas Araghchi has announced that safe passage through the Strait of Hormuz...

US-Iran war: Dangote Refinery’s petrol price hits ₦1,275, diesel ₦1,950

Amid rising geopolitical tensions in the Middle East and their ripple effects on global energy...