Category: Oil and Gas

Trump waives oil sanctions to slash global prices amid Iran war

United States President Donald Trump announced on Monday that his administration would temporarily waive certain...

Dangote Refinery hikes petrol price to ₦1,175/litre

The Dangote Petroleum Refinery has raised the gantry price of Premium Motor Spirit, also known...

Oil price hike is small price to pay for peace – Trump

United States President Donald Trump dismissed the recent crude oil price spike, describing it as...

Dangote Refinery absorbs 20% cost hike amid global crisis

Dangote Petroleum Refinery & Petrochemicals has indicated its commitment to stabilising energy supply to Nigeria...

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...

Navy dismantles illegal refineries, recovers stolen crude in Rivers

The Nigerian Navy said it dismantled illegal crude oil refining activities and recovered suspected stolen...

Kuwait cuts crude oil production as storage tanks overflow

Kuwait has begun cutting production at some oil fields after running out of room to...

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...

Brent oil hits $87 amid US-Israel-Iran war

Crude oil prices have surged dramatically toward their largest weekly gain in nearly six years,...

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...

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...

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...