Category: Oil and Gas

Petrol remains costly despite $73/barrel crude oil price — Report

The price of petrol has remained high even as crude oil prices crashed to $73...

Petrol price rose 55% to ₦1596/litre in May — NBS

The average retail price of Premium Motor Spirit, commonly known as petrol, rose by 55.31...

Dangote Refinery denies exporting fuel for reimportation

The management of Dangote Petroleum Refinery and Petrochemicals has noted with concern the circulation of...

NUPRC, defence ministry partner on oil infrastructure security

The Nigerian Upstream Petroleum Regulatory Commission has called for deeper collaboration with the Federal Ministry...

FCT motorists lament high fuel cost despite oil drop

Many motorists in the Federal Capital Territory have expressed concern about the high cost of...

PETROAN urges marketers to reflect crude price drop

The Petroleum Products Retail Outlets Owners Association of Nigeria has urged refiners, depot owners and...

Nigeria can hit 1.9 million bpd crude oil production — NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has expressed confidence that Nigeria can increase crude oil...

NNPCL renews methane detection deal with TotalEnergies

The Nigerian National Petroleum Company Limited has renewed its partnership with TotalEnergies to continue the...

Oil prices hit lowest since US-Iran war

Oil prices fell sharply on Thursday, dropping to their lowest levels since the outbreak of...

Petrol imports jump 59.5% in May — NMDPRA

Nigeria recorded a sharp rise in petrol imports in May 2026, as oil marketers increased...

Oil prices slide below $80 on US-Iran peace hopes

Global oil prices extended their decline on Tuesday, falling to their lowest levels in about...

Oil, gas, banking stocks drag market into bearish mode

The Nigerian equities market relapsed into a bearish mode on Monday, June 15, 2026, as...