Dangote Refinery suffers 79 million barrels crude supply shortage — Report
The ambitious deal between the Dangote Petroleum Refinery and Nigerian National Petroleum Company Limited is facing challenges, as the refinery experienced a…
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Brent crude surges above $100 after Trump’s Iran talks
Brent crude oil jumped back above $100 a barrel on Tuesday, a day after plunging more than 10 per cent in reaction…
Iran denies US talks, accuses Trump of oil market manipulation
Iran has firmly denied engaging in any negotiations with the United States. This directly contradicts claims by US President Donald Trump that…
Dangote Refinery exports 456,000 tonnes of fuel to Africa
The Dangote Petroleum Refinery has ramped up its regional footprint with the export of 12 cargoes of refined petroleum products totalling 456,000…
Crude oil surges to $146pb amid US-Iran war fears
Crude oil has surged to $146 per barrel amid escalating fears from the ongoing United States-Iran war, sparking fresh concerns in Nigeria…
Six-month war will damage global economies, TotalEnergies CEO warns
The head of French oil giant TotalEnergies has warned that a prolonged war in the Middle East would inflict serious damage on…
Iran to facilitate Japan oil transit through Hormuz amid war
Iranian Foreign Minister Abbas Araghchi has stated that Tehran is prepared to assist Japanese ships in transiting the Strait of Hormuz, a…
Dangote Refinery raises petrol price to ₦1,245/itre
Dangote Petroleum Refinery has announced a fresh increase in the price of Premium Motor Spirit, also known as petrol. The refinery cited…
S’Africa, others turn to Dangote Refinery amid Iran war
Several African countries, including South Africa, have approached the Dangote Petroleum Refinery to secure fuel supplies following disruptions linked to the ongoing…
Iran drones hit Kuwait refinery amid Middle East war
Firefighters battled a fresh blaze at Kuwait’s Mina Al-Ahmadi oil refinery on Friday following another Iranian drone attack. This occurred as millions…
Nigeria spent ₦8.96tn on petrol imports in 2025 — NBS
Nigeria’s dependence on imported petrol continued throughout 2025, as oil marketers spent N8.96 trillion on Premium Motor Spirit imports from January to…
Vietnam’s petrol prices surge over 20% amid Middle East war
The cost of petrol rose by more than 20 per cent in Vietnam on Friday following an overnight government announcement of a…