Category: Oil and Gas

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...

Dangote Refinery assures petrol, fertilizer supply amid US-Iran war

Dangote Refinery has increased exports of petrol and fertilizer to African countries hit by supply...

Imo leaders back Tompolo’s anti-bunkering surveillance in oil region

In a show of solidarity and support, traditional rulers and stakeholders from Imo State, particularly...

Oil hits $110 as Trump vows Iran power plant attacks

Oil prices climbed sharply Sunday as President Donald Trump threatened military action against Iranian energy...

OPEC+ raises oil quota for May amid Iran war

OPEC+ is set to raise its oil production quota by 206,000 barrels per day for...