Nigerian Midstream and Downstream Petroleum Regulatory Authority has reported a significant decline in fuel consumption for June 2025, with total fuel evacuation…
Category:
Oil and Gas
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Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) rose by 263,000 barrels per day (bpd) in July compared…
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Nigerian Navy says its special forces deactivated no fewer than 70 illegal refinery sites and confiscated over 400,000 litres of stolen crude…
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Crude oil prices edged high in the global commodity market on declining American crude inventories, signaling a higher demand outlook in the…
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Oil and Gas
FG team visits Ogoni, tours oil facility sites preparatory to resumption of oil production
As part of the confidence-building measures agreed upon between the Ogoni people and the Federal Government aimed at facilitating negotiations for resumption…
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Oil and Gas
Oil falls as OPEC+ output hike adds to oversupply concerns, Nigeria’s July oil output tops 1.8m bpd
Oil prices fell to their lowest in a week on Monday after OPEC+ agreed to another large output increase in September, adding…
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Nigerian content development and monitoring board, NCDMB, said it is committed to ensuring that Nigeria produces the best local content in the…
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The federal government has mapped out plans to increase crude oil production by approximately 810,000 barrels per day (bpd) from the country’s…
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The western zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN) says tankers will no longer load more than 45,000 litres…
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Oil and Gas
Suspend proposed 5% fossil fuel surcharge to avoid more hardship for Nigerians—ActionAid
Country Director, Action Aid Nigeria Dr Andrew Mamedu has urged the federal government of Nigeria not to implement the proposed five per…
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National Bureau of Statistics has said the average retail price of a litre of petrol increased from N750.17 in June 2024 to…
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The Senate Committee on Public Accounts has given the Nigerian National Petroleum Company three weeks to respond to queries raised against it.…
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Oil prices rose on Tuesday, extending the previous day’s rally, on optimism that a trade war between the United States and its…
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Oil prices rose 2% on Monday after a trade deal between the U.S. and the European Union, and U.S. President Donald Trump’s…
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Oil and Gas
Ogoni elite connived with agencies, institutions to exploit Ogonis, betraying trust, mandate—Waadah
The planned oil Resumption in Ogoni by the federal government May face some hitches if the authorities fail to meet the preconditions…