Crude falls to $98/barrel yet petrol prices stay high — Report
Crude oil prices including Nigeria’s Bonny Light has dropped significantly to $98 per barrel amid growing speculation that the United States-Iran war…
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Dangote Refinery exports 57m barrels jet fuel since April 2024
Dangote Petroleum Refinery exported an estimated 57 million barrels of jet fuel between April 2024 and April 2026, with shipments fluctuating sharply…
Refiners fail to lift $3.13bn worth of crude in Q1 — NUPRC
Domestic refiners in Nigeria left an estimated $3.13bn worth of crude oil unlifted in the first quarter of 2026, highlighting deepening inefficiencies…
US-Iran war pushes France trade deficit to €6.9bn
Rising oil prices owing to the Iran war saw France’s trade deficit widen by 1.4 billion euros in March to 6.9 billion…
Dangote Refinery says petrol price remains unchanged nationwide
Dangote Petroleum Refinery and Petrochemicals Limited has stated that the price of Premium Motor Spirit, also known as petrol, remains unchanged, reaffirming…
Dangote Refinery raises petrol price to ₦1350/litre
Dangote Refinery has effected another upward price adjustment, raising its ex-depot price of Premium Motor Spirit to N1,350 per litre. The latest…
NNPCL signs MoU with Chinese firms to revive refineries
The Nigerian National Petroleum Company Limited has signed a Memorandum of Understanding with two Chinese firms for the restart, operation and expansion…
NNPCL posts ₦276bn profit as gas production surges in March
The NNPC Limited recorded a profit after tax of N276 billion in March 2026, driven by a surge in gas production during…
Nigeria eyes ₦6.8trn oil windfall from US-Iran war
Nigeria could record an additional N6.8 trillion in oil revenue in 2026 as rising crude prices driven by the ongoing US-Iran conflict…
OPEC+ raises output by 188,000 bpd as UAE exits
OPEC+ has approved a modest 188,000 barrels per day increase in production quotas for June, even as the United Arab Emirates formally…
Oil rises as White House cites Iran ceasefire deadline pause
Oil prices advanced on Friday, following a turbulent trading session that pushed the June Brent crude contract to a four-year peak before…
Oil prices climb as Iran war talks stall again
Oil prices rose Monday as talks to end the Iran war appeared to be at a standstill and the crucial Strait of…