Category: Oil and Gas

Oil prices rally as Trump orders Venezuelan tankers blockade

Crude oil prices climbed after United States President Donald Trump issued a directive for a...

Reps suspend 2026-2028 MTEF over inconsistent oil prices

The House of Representatives has halted its review of the 2026–2028 Medium-Term Expenditure Framework and...

Trump is more than happy with our refinery — Dangote

President of Dangote Refinery, Alhaji Aliko Dangote, has dismissed claims that United States President Donald...

Dangote partners MRS, others to sell petrol at N739

Barring any last-minute change, MRS and other partners of the Dangote Petroleum Refinery are set...

Dangote Refinery slashes petrol price to N699

The Dangote Petroleum Refinery has announced a major reduction in the ex-depot price of Premium...

NNPCL targets 2mbpd crude oil in 2026

The Nigerian National Petroleum Company Limited has officially set its crude oil production target for...

Nigeria’s oil output drops to 1.486mbpd, below OPEC quota

The Organisation of Petroleum Exporting Countries has reported that Nigeria’s oil production, excluding condensate, experienced...

Nigeria launches Africa’s first gas market

The Federal Government of Nigeria officially launched Africa’s first gas trading market on a Thursday,...

Petrol supply jumps 37.7% as refineries remain shut — NMDPRA

Domestic supply of Premium Motor Spirit, which is widely known as petrol, recorded a significant...

NNPCL subsidiary hits 355,000 bpd, highest output since 1989

NNPC Limited on Tuesday disclosed that oil production by its upstream subsidiary, NNPC E&P Limited,...

Diesel price surges by 9.45% to N1,398/litre

The average retail price of diesel (Automotive Gas Oil) rose in October 2025, climbing by...

Nigeria’s oil output to hit 1.73mbpd in 2026 — Report

BMI, a Fitch Solutions company, has projected that Nigeria’s oil production is expected to record...