The Dangote Petroleum Refinery is capitalizing on the availability of cheaper oil imports from the United States. Recent reports indicate that the refinery with a capacity...
Oil prices extended their decline for the third consecutive day on Wednesday as concerns over weaker economic data and increasing commercial inventories in the United States...
The International Energy Agency (IEA) has reduced its forecast for global oil demand growth in 2024 by 100,000 barrels per day (bpd). The agency cited a...
The Federal Government of Nigeria has announced that domestic crude oil refiners and other operators in the sector are now permitted to buy crude oil in...
Oil prices fell on Monday as market participants reevaluated their risk premiums in the wake of Iran’s weekend attack on Israel, which the Israeli government said...
Nigeria’s crude oil production declined for the second consecutive month in March, according to the latest report from the Organization of Petroleum Exporting Countries (OPEC). Data...
Amidst growing apprehensions of a potential conflict in the Middle East, oil prices have inched higher as investors anticipate a strike from Iran. The specter of...
Oil marketers in Nigeria are intensifying pressure on the Dangote Petroleum Refinery to slash the pump price of diesel amidst increasing scrutiny over the refinery’s pricing...
Oil prices have maintained stability following a two-day decline despite a notable increase in US crude stockpiles. The equilibrium in prices comes amidst a delicate balance...
As geopolitical tensions continue to simmer in the Middle East, global oil prices are edging closer to a significant milestone, hovering near a five-month high. Brent...
