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 looking to dodge the fuel price spikes…
Oil and Gas
Leading source of the latest news and insights for the oil & gas industry; upstream and downstream sector
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 its economic activities in February 2026, even…
Oil prices surge again amid Middle East ceasefire uncertainty
Oil prices jumped and most stock markets fell Thursday as investors weighed the prospects of a shaky Middle East ceasefire and a…
Oil sector reforms have attracted $24bn investments — NNPCL
The Nigerian National Petroleum Company Limited has said recent reforms in the oil and gas sector have unlocked over $24bn in fresh…
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 per barrel from $110 per barrel on…
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 Iran agreed to reopen the Strait of…
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 (petrol) to N1,200 per litre, reversing its…
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 would be possible for two weeks, coordinated…
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 markets, the Dangote Petroleum Refinery has increased…
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 disruptions caused by the Iran war. “We…
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 those from Ohaji/Egbema Local Government Council, have…
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 facilities if the Strait of Hormuz remains…