OPEC+ raises August oil output target by 188,000 bpd as Middle East conflict eases
OPEC+ on Sunday agreed to raise its collective oil production target by a further 188,000 barrels per day (bpd) from…
House of Reps panel seeks special court to tackle crude oil theft
The House of Representatives Special Committee on Crude Oil Theft has called for the establishment of a special court to…
Shell launches $3 billion contract finance facility
Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has launched a $3 billion Contract Finance Facility in partnership with nine…
Crude slips below $72, petrol in Nigeria stays above N1,000 per litre
Crude oil prices dropped to $71.21 on Wednesday even as the Nigerian National Petroleum Company Limited and other fuel marketers…
NNPC’s revenue falls by N636bn despite stable oil production
The Nigerian National Petroleum Company Limited recorded a decline in its financial performance in May 2026, with revenue dropping by…
Shell forecasts 65% rise in global LNG demand by 2050
Shell Plc says global demand for liquefied natural gas (LNG) is expected to increase by about 65 percent by 2050.…
Marketers reject FG’s fuel pricing curbs, threaten shutdown
Fuel marketers have declared that their filling stations will stop selling petrol should the Federal Government try to enforce price…
FG orders marketers to reflect global oil price drop in PMS prices
The Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, has directed petroleum marketers to immediately reflect the recent decline…
Cooking gas prices ease as supply improves
Households across parts of Nigeria are beginning to experience relief as retail prices of Liquefied Petroleum Gas, popularly known as…
Petrol Price: FG orders NMDPRA to end profiteering by oil marketers
The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure that petroleum marketers do…