Oil prices settled lower on Friday with Brent crude oil futures settled down 36 cents, or 0.45%, at $79.04 a barrel, while the US West Texas...
The Federal Government has said all petroleum marketers can now negotiate and buy products directly from the Dangote Refinery, Lagos. A statement by the Ministry of...
The price of major oil benchmarks jumped more than 3 percent on Thursday following increased fuel demand in the United States due to Hurricane Milton and...
The Nigeria Labour Congress (NLC) has reacted to the recent increase in the price of Premium Motor Spirit (PMS) popularly known as petrol by the Nigerian...
Oil prices fell on Wednesday after data showed crude oil inventories grew in the United States. However, losses were contained by the heightened risk uncertainty caused...
Petrol pump price has risen to N1,030 per litre at various outlets of the Nigerian National Petroleum Company Limited (NNPCL) in Abuja on Wednesday. The recent...
An Italian court has sentenced two Milan prosecutors, Fabio De Pasquale and Sergio Spadaro, to eight months imprisonment for concealing evidence in an alleged corruption case...
Oil marketers in Nigeria have alleged that the Dangote 650,000 barrels per day Lagos-based refinery has been snubbing them on their demand to directly lift its...
Oil prices dipped more than 4 percent on Tuesday following the news of a possible ceasefire between Hezbollah and Israel. Brent crude, the international benchmark for...
Increased risk of a region-wide Middle East war continued to push oil prices higher on Monday as Brent crude oil rose by $2.88, or 3.7 percent...