The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, are weighing a potential third consecutive production hike as the group...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced a phased reduction in fuel truck loading capacity with a new limit of 45,000 litres...
Oil prices declined for the third consecutive session on Thursday as an unexpected rise in U.S. crude and refined fuel inventories signaled weaker demand from the...
Global crude oil prices surged on Wednesday following reports that Israel may be preparing to launch military strikes on Iranian nuclear facilities, triggering renewed concerns about...
Nigeria’s Minister of Power, Adebayo Adelabu, has called on the National Assembly to introduce stricter legislative measures to address rising cases of electricity infrastructure vandalism and...
Oil prices edged lower in early trading on Monday following Moody’s downgrade of the U.S. sovereign credit rating and fresh concerns over China’s economic recovery. The...
Gold prices steadied on Thursday after falling to their lowest level in over a month, as investors adjusted expectations around U.S. interest rate cuts and shifted...
Oil prices declined sharply on Thursday as a larger-than-expected increase in U.S. crude inventories combined with renewed optimism over a potential nuclear agreement between the United...
Crude oil prices held steady on Tuesday as market participants weighed rising global supply levels against cautious optimism surrounding the temporary pause in the U.S.-China trade...
The Dangote Group has dismissed allegations of attempting to monopolise Nigeria’s downstream petroleum sector, stating that vested interests threatened by the country’s move toward self-sufficiency are...
