Category: Oil and Gas

Nigeria loses 3,100GWh to gas flaring in May — Report

There are indications that the Federal Government’s ambition to transform Nigeria into a gas-driven economy...

Oil prices surge Tuesday after fresh US strikes on Iran

Oil prices jumped again on Tuesday after fresh United States strikes against Iran that marked...

Dangote Refinery dumps naira, fixes petrol price at $0.779/litre

Dangote Petroleum Refinery has fixed the ex-depot price of Premium Motor Spirit, petrol, at $0.779...

Dangote offers ₦500,000 reward to curb illegal haulage

Dangote Industries Limited has launched a public whistleblowing initiative offering a cash reward of N500,000....

Nigeria’s oil output hits 1.56 million barrels in June

Nigeria’s crude oil production rose to an average of 1.56 million barrels per day in...

Diesel prices surge across Lagos, Port Harcourt, Warri depots

Diesel prices, known officially as Automotive Gas Oil have recorded significant increases in Lagos, Port...

Dangote Refinery cuts petrol price by ₦1 as brent crude surges

Dangote Petroleum Refinery on Wednesday reduced its ex-depot price of Premium Motor Spirit, known as...

Dangote Refinery, marketers cut petrol, diesel depot prices

Nigeria’s downstream petroleum market witnessed another round of price reductions on Monday, with the Dangote...

Supreme Court reverses arrest of GHL crude oil cargo

The Supreme Court on Friday reversed the arrest of General Hydrocarbons Limited-linked crude oil aboard...

Why pump prices don’t follow daily crude costs — Dangote Refinery

Dangote Petroleum Refinery and Petrochemicals says its product pricing is not tied to daily swings...

Citi predicts brent crude could fall to $60/barrel by year-end

A new prediction by Citi suggesting that Brent crude prices could fall to $60 per...

Dangote blames importers as fuel prices stay above ₦1,000/litre

Fuel prices in Nigeria may not drop below N1,000 per litre any time soon unless...