Supreme Court reverses arrest of GHL crude oil cargo
The Supreme Court on Friday reversed the arrest of General Hydrocarbons Limited-linked crude oil aboard the FPSO Tamara Tokoni, in a case…
Oil and Gas
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Why pump prices don’t follow daily crude costs — Dangote Refinery
Dangote Petroleum Refinery and Petrochemicals says its product pricing is not tied to daily swings in global crude prices, addressing recent public…
Citi predicts brent crude could fall to $60/barrel by year-end
A new prediction by Citi suggesting that Brent crude prices could fall to $60 per barrel by the end of the year…
Dangote blames importers as fuel prices stay above ₦1,000/litre
Fuel prices in Nigeria may not drop below N1,000 per litre any time soon unless importers decide to initiate a price war…
IPMAN urges NNPCL to fast-track refinery deal with Chinese firms
Oil marketers under the Independent Petroleum Marketers Association of Nigeria have urged the Nigerian National Petroleum Company Limited to fast-track the proposed…
FG orders NMDPRA to stop exploitative fuel pricing by marketers
The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority to ensure that petroleum marketers do not exploit Nigerians…
Petrol remains costly despite $73/barrel crude oil price — Report
The price of petrol has remained high even as crude oil prices crashed to $73 per barrel on Wednesday, their lowest level…
Petrol price rose 55% to ₦1596/litre in May — NBS
The average retail price of Premium Motor Spirit, commonly known as petrol, rose by 55.31 per cent year-on-year to N1,596.25 per litre…
Dangote Refinery denies exporting fuel for reimportation
The management of Dangote Petroleum Refinery and Petrochemicals has noted with concern the circulation of unfounded and misleading claims suggesting that its…
NUPRC, defence ministry partner on oil infrastructure security
The Nigerian Upstream Petroleum Regulatory Commission has called for deeper collaboration with the Federal Ministry of Defence to strengthen the protection of…
FCT motorists lament high fuel cost despite oil drop
Many motorists in the Federal Capital Territory have expressed concern about the high cost of fuel despite a drop in global oil…
PETROAN urges marketers to reflect crude price drop
The Petroleum Products Retail Outlets Owners Association of Nigeria has urged refiners, depot owners and fuel importers to reflect the recent drop…