Movement of Crude Delayed By Ship Owners Until U.S-Iran MoU Takes Effect.
Energy market analysts have cautioned that the U.S.-Iran deal and the potentially imminent reopening of the Strait of Hormuz do…
FG moves to curb rising cooking gas price
The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to intensify engagement with producers, marketers…
Dangote Refinery reduces petrol gantry price
Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (petrol) by N75 per litre In a circular…
SERAP sues NNPCL
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) “over…
Nigerian households groan as price of cooking gas soars
Despite repeated assurances of cheaper and sufficient cooking gas in the country, many households in Nigeria are worried that the…
Crude Oil Prices Slide As US–Iran Peace Deal Boosts Global Equities
As oil prices fall, stocks have soared on Monday following the United States – Iran agreement to end their war…
NIGERIA MEETS OPEC QUOTA
Nigeria’s oil production witnessed an upswing in May 2026, averaging 1,530,354 barrels of crude oil and 170,446 barrels of condensates…
Crude oil prices fall as US–Iran reach peace deal
Oil prices have tumbled after the United States and Iran said they had reached a deal to end their war…
Nigeria exceeds OPEC oil production quarter, hits 15-month high
Nigeria’s crude oil production rose above its Organisation of the Petroleum Exporting Countries production quota in May 2026, with the…
NNPCL, security agencies intensify fight against pipeline theft
The Nigerian National Petroleum Company Limited (NNPCL) and several security agencies have intensified efforts to stop pipeline theft after 24…