Crude oil production by members of the Organization of the Petroleum Exporting Countries (OPEC) fell by 100,000 barrels per day (bpd) in December as supply declines...
Major international oil companies have cautioned that Venezuela remains commercially and legally uninvestible despite renewed pressure from the White House to accelerate foreign capital inflows into...
Nigeria’s electricity export programme to neighbouring West African countries has come under renewed scrutiny after payment shortfalls pushed outstanding receivables to $17.8 million. Data contained in...
Nigeria’s electricity subsidy bill declined by ₦55.6 billion in the third quarter of 2025 amid lower energy purchases by electricity distribution companies and reduced billing from...
Oil prices recovered modestly on Thursday after sliding earlier in the week as markets assessed the implications of escalating geopolitical developments surrounding Venezuela alongside mixed signals...
The United States has seized two oil tankers linked to Venezuela in the Atlantic Ocean, escalating President Donald Trump’s aggressive strategy to control oil flows in...
Global oil prices declined on Tuesday as expectations of ample supply and subdued demand continued to weigh on sentiment. Brent crude oil, against which Nigerian crude...
Dangote Petroleum Refinery has warned that Nigeria could face petrol pump prices as high as ₦1,400 per litre if the domestic market becomes fully dependent on...
Oil prices edged lower on Monday as ample global supply outweighed geopolitical concerns following the United States’ detention of Venezuelan President Nicolás Maduro over the weekend....
Nigeria’s downstream petroleum market is facing renewed price pressure as private depot owners across major supply corridors adjusted ex-depot rates for Premium Motor Spirit (PMS). Market...
