The Nigerian National Petroleum Company (NNPC) Limited has once again increased the price of Premium Motor Spirit (PMS) from N855 per litre on Tuesday to N897...
Oil prices stabilised on Monday as Libyan oil exports remained halted and following losses at the end of last week on expectations of higher OPEC+ production...
Oil prices fell for the fifth consecutive session on Thursday, driven down by persistent concerns over global demand despite a recent decline in U.S. fuel inventories....
Oil prices fell to a two-week low on Tuesday as easing tensions in the Middle East and weakening economic indicators from China influenced global crude values....
The Independent Petroleum Producers Group (IPPG) has raised concerns over recent attempts to compel oil producers to supply crude to the Dangote Refinery and other local...
The Federal Government of Nigeria has announced that it will begin selling crude oil to the Dangote Refinery in naira, effective from October 1, 2024. This...
Oil prices declined marginally in early Asian trading on Monday as concerns over weaker demand from China, the world’s largest oil importer, persist. Brent crude oil,...
Oil prices saw a modest rise on Thursday as investors remained optimistic that potential U.S. interest rate cuts could stimulate economic activity and boost fuel consumption....
The Nigerian Army has successfully dismantled 27 illegal refining sites and seized 100,000 litres of stolen crude oil in a series of raids across the Niger...
Nigeria’s crude oil production saw a modest increase in July 2024, according to the latest data released by the Organisation of the Petroleum Exporting Countries (OPEC)....
