Oil prices rose over 2% on Friday as the International Energy Agency said the market was tighter than it appears, while U.S.…
Category:
Oil and Gas
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Nigerian Upstream Petroleum Regulatory Commission states that 102 Host Community Development Trusts have received N97 billion and $149 million as HCDT funds…
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Nigeria’s Dangote petroleum refinery will construct storage tanks in Namibia to hold at least 1.6 million barrels of gasoline and diesel to…
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Dangote Refinery has reduced its ex-depot the price of petrol, from N840 per litre to N820 per litre, effective immediately. It will…
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Oil prices held near a two-week high on Tuesday as investors assessed the latest developments on U.S. tariffs and a higher than…
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TotalEnergies Limited says it will unveil its shallow-water 70,000 barrels per day (bpd) Ima gas field project in Nigeria by 2026. The…
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National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N7,885.60 recorded in April to N8,167.43…
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Dangote refinery management has said that its ex-depot price of petrol is now N840 per litre instead of N880. This will bring down the pump…
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Oil prices edged higher on Tuesday as investors took stock of positive demand indicators, while also treading cautiously ahead of an OPEC+…
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Oil prices edged higher on Thursday as crude inventories in the United States fell on higher demand as summer driving season ramped…
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Oil prices rose over 1% on Wednesday, recovering from a sharp slide early this week, as data showed relatively strong U.S. demand,…
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Oil prices fell about 5% to a two-week low on Tuesday on expectations the ceasefire between Israel and Iran will reduce the…
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Oil and Gas
Brent crude oil could hit $110-$120 as Iranian parliament approves closure of Hormuz strait
Following a US-led airstrike targeted at Iranian nuclear facilities, Iran’s parliament approved the closure of the strategically crucial Strait of Hormuz, a…
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Crude oil price is projected to rise by $3-5 per barrel when trading resumes after the U.S. attacked Iran at the weekend,…
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Oil prices slipped on Friday as the U.S. imposed new Iran-related sanctions marking a diplomatic approach that fed hopes of a negotiated…