Iranian boats attack Iraqi oil tankers in territorial waters
Horrifying footage captured thick clouds of black smoke billowing high into the sky above ships carrying Iraqi oil. Beneath the smoke, a…
Oil and Gas
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Iran threatens Hormuz blockade, oil to hit $200/barrel amid war
Iran has threatened to block all oil shipments through the Strait of Hormuz. It warned global markets to prepare for crude prices…
We cut fuel price to ease Nigerians’ burden — Dangote Refinery
The management of Dangote Petroleum Refinery has announced a latest price reduction aimed at easing the sufferings of Nigerians. The refinery made…
NMDPRA continues approvals for fuel imports – Dangote
The President of Dangote Industries Limited, Aliko Dangote, stated yesterday that the Nigerian Midstream and Downstream Petroleum Regulatory Authority continues to issue…
Dangote Refinery slashes petrol price by ₦100 to ₦1,075
Dangote Petroleum Refinery has reduced its ex-depot prices for Premium Motor Spirit and Automotive Gas Oil. This marks the first downward adjustment…
UAE’s giant refinery shut over Middle East war
One of the world’s largest refineries, the Ruwais facility in the UAE, has been shut down as a precautionary measure following a…
Tinubu directs rollout of 100,000 CNG kits amid rising fuel costs
President Bola Ahmed Tinubu has ordered the swift nationwide distribution of approximately 100,000 compressed natural gas conversion kits to help Nigerians cope…
No oil exports until further notice – Iran
Iran vowed on Tuesday that not one litre of oil would be exported from the Gulf while its war with the United…
Trump waives oil sanctions to slash global prices amid Iran war
United States President Donald Trump announced on Monday that his administration would temporarily waive certain oil-related sanctions to boost global oil supply…
Dangote Refinery hikes petrol price to ₦1,175/litre
The Dangote Petroleum Refinery has raised the gantry price of Premium Motor Spirit, also known as petrol, to N1,175 per litre. This…
Oil price hike is small price to pay for peace – Trump
United States President Donald Trump dismissed the recent crude oil price spike, describing it as a “small price to pay” to eliminate…
Dangote Refinery absorbs 20% cost hike amid global crisis
Dangote Petroleum Refinery & Petrochemicals has indicated its commitment to stabilising energy supply to Nigeria amid recent shocks in the international oil…