NNPCL rules out sale of P’Harcourt refinery
The Nigerian National Petroleum Company Limited has ruled out selling the Port Harcourt Refining Company, reaffirming its commitment to completing the plant’s…
Oil and Gas
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Nigerian crude nears benchmark amid Iraq oilfield attacks
Nigerian crude prices moved closer to the Federal Government’s benchmark following a series of drone attacks on oilfields in Iraq, the latest…
Dangote’s move to crash cooking gas price faces marketers protest
President of Dangote Group, Alhaji Aliko Dangote, has announced intentions to slash the price of Liquefied Petroleum Gas, commonly known as cooking…
Dangote refinery to run fully on local crude 2025 Q4 – Report
Dangote Industries Ltd. aims to run its 650,000-barrel-per-day refinery entirely on Nigerian crude by the end of 2025, a shift that could…
Eight OPEC+ nations to raise output by 548,000 barrels daily
Eight OPEC+ oil producers agreed on Saturday to boost their combined crude output by 548,000 barrels per day, moving forward with the…
FG’s supply failure fuelling monopoly in oil sector – CORAN
The Crude Oil Refineries Association of Nigeria says the perception of the Dangote Petroleum Refinery as a monopoly stems from the federal…
Nigeria’s gas output dips slightly in May – NNPCL
The Nigerian National Petroleum Company Limited has reported a slight decline in the country’s gas production, which fell to 7.352 billion standard…
Oil prices fall amid OPEC+ output hike hopes
Oil prices declined 1 per cent on Monday, driven by reduced geopolitical tensions in the Middle East and expectations of increased OPEC+…
Dangote refinery turns to US crude imports amid rising demand
The President of the Dangote Group, Aliko Dangote, revealed that the refinery has increasingly depended on crude oil imports from the United States…
Marketers seek foreign traders for cheaper petrol imports
Oil marketers said they have initiated negotiations with international traders to bring in cheaper Premium Motor Spirit in a bid to remain…
Oil prices surge as Trump urges Tehran evacuation
Crude oil prices climbed over 2% on Tuesday following a call by former President Donald Trump for the evacuation of Tehran, as…
PENGASSAN faults FG’s upstream oil tax incentive over insecurity, others
The Petroleum and Natural Gas Senior Staff Association of Nigeria has raised concerns over President Bola Tinubu’s recent Executive Order aimed at…