The African Democratic Congress (ADC) has rejected the Presidency’s description of former Vice President Atiku Abubakar’s proposal to cut petrol prices to about N600 per litre as a return to
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Nigeria’s crude oil production fell to about 1.51 million barrels per day (bpd) in July, representing a decline of roughly three per cent from the previous month. The drop comes
Global oil prices climbed on Friday as fresh concerns over the security of the Strait of Hormuz revived fears of supply disruptions, while stock markets mostly weakened amid renewed inflation
Italian energy giant ENI has reported a sharp increase in second-quarter earnings, posting a fivefold rise in profit as higher global oil prices and stronger production lifted its financial performance.
Global oil prices have soared by 14% to nearly $85 per barrel following a sharp escalation in the conflict between the United States and Iran, triggering fresh concerns over disruptions
ABUJA, Nigeria – The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned that the prices of petrol, diesel and other petroleum products could increase following the Dangote Refinery’s decision
Dangote Petroleum Refinery relied heavily on Nigerian crude oil between May and June 2026, with nearly four out of every five barrels processed coming from local producers, reinforcing the country’s
Global crude oil prices have fallen sharply, with Nigeria’s Bonny Light dropping to around $98 per barrel as easing tensions between the United States and Iran reshape market expectations. The
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, on Thursday, July 18, said that Nigeria has what it takes to increase its crude oil and condensate production. This
The Organisation of Petroleum Exporting Countries (OPEC) has increased Nigeria crude oil quota from 1.772million barrels per day for June 2022 to 1.799million barrels per day in July 2022. According