Category: Oil and Gas

Crude falls to $98/barrel yet petrol prices stay high — Report

Crude oil prices including Nigeria’s Bonny Light has dropped significantly to $98 per barrel amid...

Dangote Refinery exports 57m barrels jet fuel since April 2024

Dangote Petroleum Refinery exported an estimated 57 million barrels of jet fuel between April 2024...

Refiners fail to lift $3.13bn worth of crude in Q1 — NUPRC

Domestic refiners in Nigeria left an estimated $3.13bn worth of crude oil unlifted in the...

US-Iran war pushes France trade deficit to €6.9bn

Rising oil prices owing to the Iran war saw France’s trade deficit widen by 1.4...

Dangote Refinery says petrol price remains unchanged nationwide

Dangote Petroleum Refinery and Petrochemicals Limited has stated that the price of Premium Motor Spirit,...

Dangote Refinery raises petrol price to ₦1350/litre

Dangote Refinery has effected another upward price adjustment, raising its ex-depot price of Premium Motor...

NNPCL signs MoU with Chinese firms to revive refineries

The Nigerian National Petroleum Company Limited has signed a Memorandum of Understanding with two Chinese...

NNPCL posts ₦276bn profit as gas production surges in March

The NNPC Limited recorded a profit after tax of N276 billion in March 2026, driven...

Nigeria eyes ₦6.8trn oil windfall from US-Iran war

Nigeria could record an additional N6.8 trillion in oil revenue in 2026 as rising crude...

OPEC+ raises output by 188,000 bpd as UAE exits

OPEC+ has approved a modest 188,000 barrels per day increase in production quotas for June,...

Oil rises as White House cites Iran ceasefire deadline pause

Oil prices advanced on Friday, following a turbulent trading session that pushed the June Brent...

Oil prices climb as Iran war talks stall again

Oil prices rose Monday as talks to end the Iran war appeared to be at...