About 17 million barrels of oil passed through the Strait of Hormuz on Monday, the highest volume to cross the strategic waterway since the Iran conflict...
Nigeria’s average crude oil production increased by 170,000 barrels per day in the second quarter (Q2) of 2026, lifting output to 1.72 million barrels per day...
Dangote Petroleum Refinery has increased the price of petrol by 8.6 percent in eight days, lifting its gantry price to N1,265 per litre as the cost...
Nestoil Group has returned a drilling rig to productive operation after about eight years of inactivity, using the equipment to raise crude oil output from Oil...
Brent crude climbed above $90 per barrel on Monday as renewed military confrontation between the United States and Iran raised concerns over oil shipments through the...
Gold extended its advance on Thursday as investors looked beyond short-term interest rate expectations and focused instead on a growing debate over the long-term value of...
Oil prices extended their decline on Thursday as renewed diplomatic efforts in the Middle East continued to reduce the geopolitical risk premium that had supported crude...
Dangote Petroleum Refinery has said it sometimes pays more for Nigerian crude oil than comparable imported supplies despite operating in Africa’s largest crude-producing country. Edwin Devakumar,...
Oil prices fell more than $2 a barrel on Wednesday as renewed talks between Iran and Oman raised expectations that shipping restrictions through the Strait of...
Crude oil prices declined on Monday as investors locked in profits following recent gains while awaiting details of a new round of U.S. sanctions against Iran....
