Four killed as US-Israel strikes hit Iran oil depots
Overnight airstrikes by the United States and Israel targeted five oil-related facilities in and around Iran’s capital, Tehran, resulting in four fatalities,…
Oil and Gas
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Navy dismantles illegal refineries, recovers stolen crude in Rivers
The Nigerian Navy said it dismantled illegal crude oil refining activities and recovered suspected stolen crude oil in the Ogba/Egbema/Ndoni area of…
Kuwait cuts crude oil production as storage tanks overflow
Kuwait has begun cutting production at some oil fields after running out of room to store its bottled-up crude, BusinessDay reported that…
JUST IN: Dangote Refinery raises petrol gantry price to ₦995/litre
The Dangote Petroleum Refinery has increased its Premium Motor Spirit gantry price to ₦995 per litre. This adjustment marks a sharp rise…
Brent oil hits $87 amid US-Israel-Iran war
Crude oil prices have surged dramatically toward their largest weekly gain in nearly six years, driven by the escalating military conflict involving…
Seplat restores 49 idle wells, targets 50 more in 2026
Seplat Energy Plc, the Nigerian oil and gas company that acquired ExxonMobil’s onshore and shallow-water assets in a landmark $1.28 billion deal,…
Cooking gas price jumps ₦100/kg amid Middle East crisis
Depot owners across Nigeria have raised the price of liquefied petroleum gas, commonly known as cooking gas, by an average of N100…
Global oil prices rise as Iran shuts Strait of Hormuz
Crude oil and natural gas futures climbed sharply for a second straight day on Tuesday after Iran declared the Strait of Hormuz…
Govs endorse Tinubu’s direct oil revenue remittance to FAAC
The 36 state governors, under the aegis of the Nigeria Governors’ Forum, have thrown their weight behind President Bola Tinubu’s reforms requiring…
FG begins direct oil revenue remittance to FAAC
The Federal Government has begun implementing Executive Order 9 of 2026, requiring the direct remittance of oil revenues to the Federation Account…
Dangote refinery raises petrol price to ₦875/litre amid crude surge
The Dangote Petroleum Refinery has raised its Premium Motor Spirit gantry price by N101 per litre, increasing the ex-depot rate from N774…
Oil prices surge as US‑Iran conflict shakes global energy markets
Oil prices surged sharply after fresh United States and Israeli strikes on Iran, as markets priced in rising geopolitical risk and potential…