Category: Oil and Gas

Global oil supply hits record high in August – IEA

Global oil supply climbed to a record high in August as OPEC+ and other producers...

Oil prices rise after Israeli strike on Hamas leaders in Doha

Crude oil prices rose slightly in early Wednesday trading after reports of an Israeli strike...

Oil prices rise as OPEC+ output falls short of expectations

Oil prices rose on Tuesday after the Organization of the Petroleum Exporting Countries and its...

IPMAN, NUPENG strike begins, shuts filling stations in Ibadan

The indefinite strike declared by some major players in the downstream sector commenced on Monday,...

TUC threatens nationwide strike over FG’s 5% petroleum tax

The Trade Union Congress of Nigeria has threatened to embark on a nationwide strike if...

OPEC+ to increase oil output by 137,000 barrels daily

The Organisation of the Petroleum Exporting Countries and its allies, a group known as OPEC+,...

Delta braces for fuel scarcity as marketers begin strike

Fresh fuel scarcity is set to hit Delta State as members of the Independent Petroleum...

Petrol distributors distance self from NUPENG’s planned strike

The Association of Distributors and Transporters of Petroleum Products has dissociated itself from the intended...

PENGASSAN threatens to shutdown Dangote Refinery over union dispute

The industrial dispute between the Nigeria Union of Petroleum and Natural Gas Workers and the...

Strike: FG reschedules Dangote, NUPENG emergency meeting

Minister of Labour and Employment, Muhammadu Dingyadi, has rescheduled the tripartite meeting summoned to resolve...

Dangote Refinery denies shutting petrol unit

The Dangote Petroleum Refinery has denied a report that it could shut its petrol unit...

FG seeks foreign firms’ return to Nigeria’s oil sector

The Federal Government has called on major Engineering, Procurement and Construction firms to return to...