The Nigerian National Petroleum Company Limited (NNPC) has signed a new two-year crude oil sales and purchase agreement with the Dangote Petroleum Refinery. The deal, finalized...
Gold advanced to a new record on Tuesday as it rose by 0.9 percent to $3,867.25 an ounce as political uncertainty in Washington increased concerns about...
Gold prices climbed above $3,800 an ounce on Monday as safe-haven demand intensified on the back of a weaker U.S. dollar and growing concerns over a...
Oil prices fell on Monday as the resumption of crude exports from Iraq’s Kurdistan region coincided with expectations that OPEC+ will approve another production hike in...
OPEC+ has delivered only about three-quarters of the production hikes it targeted since April, with actual output falling nearly 500,000 barrels per day (bpd) short of...
Oil prices advanced on Friday to post more than a 4% gain for the week as intensified Ukrainian drone strikes on Russia’s energy infrastructure forced Moscow...
Oil prices edged lower on Thursday from the previous session’s seven-week high as investors took profits and broader market weakness pressured commodities. Brent crude oil, against...
The move by Britain, France, and Germany to revive international sanctions on Iran is unlikely to significantly reduce Tehran’s oil exports but could create opportunities for...
Billionaire investor Femi Otedola has warned depot owners under the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) that their business model is unsustainable in...
Nigeria allocated 67.6 million barrels of crude oil to local refineries between January and August 2025, representing 45 per cent below industry demand and casting fresh...
