Oil fell as top exporter Saudi Arabia boosted flows through a key pipeline, overshadowing concerns over a US-Iran stalemate.
Brent futures slid to settle below...
Oil fell on tentative signs that talks between the US and Iran to reopen the world's most important energy shipping route were progressing.
West Texas...
Oil rose as signs of tightness across several key market gauges outweighed indications of diplomatic progress toward reopening the critical Strait of Hormuz.
Brent futures...
Filling station operators across the country are under pressure to check and recalibrate their dispensing equipment as the Nigerian Midstream and Downstream Petroleum Regulatory...
Santos Ltd has signed a preliminary agreement to supply liquefied natural gas (LNG) to a South Korean industrial customer and another preliminary deal to...
President Donald Trump and Ukraine offered differing accounts of a supposed agreement with Russia to stop attacks on energy infrastructure, as strikes on oil...
Alhaji Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, has said the Initial Public Offering, IPO, of Dangote Petroleum Refinery and...
Crude oil remained Nigeria’s largest single export commodity in the second quarter of 2026, generating N12.91tn and accounting for 47.79 per cent of the...
The Midstream and Downstream Gas Infrastructure Fund has denied allegations of under-remittance of gas flare penalties raised in the Office of the Auditor-General of...
oduced product under the ASPM benchmark and N44.63 higher under the NPSC-NOJ benchmark
Despite the N100 increase, the refinery’s product remained cheaper than the prevailing...
The recently announced U.S.-Venezuela oil deal is a “major opportunity”, but the latter’s oil sector has “a long road to recovery”.
That’s what Rystad Energy...
The Dangote Petroleum Refinery and Petrochemicals says it is considering stopping the sale of petrol to major marketers that continue to import petrol into...
The Nigerian Upstream Petroleum Regulatory Commission has registered 172 Host Communities Development Trusts established by oil and gas companies under the Petroleum Industry Act.
The...
Ukraine said it attacked an oil refinery and a gas-processing plant in Russia overnight, as Kyiv intensifies its campaign against the country’s energy infrastructure.
Ukraine’s...
The Dangote Petroleum Refinery says it has expanded its free petroleum products delivery initiative to Kano, Imo, Anambra and Nasarawa states, a move it...
