Category: Oil and Gas

Petrol price hit ₦1,288.54/litre in March — NBS

The National Bureau of Statistics says the average retail price of a litre of petrol...

Dangote Refinery subsidises petrol, diesel for Nigerians, official reveals

A senior management official of the Dangote Group on Monday revealed that the Dangote Petroleum...

Oil prices climb as US-Iran peace talks stall again

Oil prices rose on Monday while stocks were mixed, with the United States and Iran...

NUPENG laments job losses, warns against suppressing workers’ rights

The Nigeria Union of Petroleum and Natural Gas Workers has raised serious concerns over escalating...

China denies US claim over seized Iran-bound vessel

China on Wednesday firmly denied claims that a vessel intercepted by the United States was...

Ukraine resumes Russian oil transit after pipeline repairs

Ukraine is set to resume the shipment of Russian oil to Hungary and Slovakia within...

Crude oil surge boosts Nigeria’s revenue by $4 billion

Nigeria and oil companies operating in the country have reportedly earned about four billion dollars...

NNPCL boosts Dangote refinery with 1.03 million tonnes of crude

Crude oil supply from the Nigerian National Petroleum Company Limited’s trading arm recorded a sharp...

Tankers turn back as Hormuz crisis deepens shipping chaos

Traffic once again seized up in the Strait of Hormuz as both Tehran and Washington...

Oil prices drop as Iran declares Strait of Hormuz ‘completely open’

Oil prices plunged Friday after Iran’s Foreign Minister Abbas Araghchi said the vital Strait of...

NUPRC reports 4.2% rise in March oil output

The Nigerian Upstream Petroleum Regulatory Commission on Wednesday said that Nigeria’s oil production rose by...

Dangote plans historic Pan-African IPO for oil refinery

President of Dangote Industries Limited, Aliko Dangote, is planning a landmark cross-border public offering of...