Crude Oil
Rising US Iran Tensions Push Nigeria Petrol Prices Above N1,000 Per Litre
Nigeria’s downstream petroleum sector faces renewed pressure as experts warn crude oil prices could reach $130 per barrel if tensions between the United...
Russia Energy Export Revenues Fall Despite Higher Oil Volumes, Analysis Finds
Russia energy export revenues have declined even as crude oil shipment volumes increased, according to a new analysis that underscores the continuing financial...
Oil Prices Slide as US Iran Nuclear Talks Loom and Economic Jitters Grow
Global oil prices declined as investors weighed the prospect of renewed nuclear talks between the United States and Iran alongside broader economic concerns....
Nigeria’s Oil Theft Crisis Moves from Creeks to Commercial Hubs
Nigeria’s long-standing oil theft problem is increasingly shifting from remote creeks and offshore pipelines into civilian communities, markets, and transport corridors. The recent...
Over 10 Ships Await Discharge at Lagos Ports Amid High Cargo Traffic
No fewer than 10 ships have arrived at the Lekki, Tincan, and Apapa ports in Lagos, waiting to discharge bulk urea, general cargo,...
Port Harcourt Refinery 90 Percent Ready, Could Resume Within a Week – PENGASSAN
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has revealed that the old Port Harcourt Refinery has been rehabilitated to...
28 Ships Laden with Petroleum Products and Commodities Expected at Lagos Ports
The Nigerian Ports Authority (NPA) has announced that no fewer than 28 ships carrying petroleum products and other commodities are expected to arrive...
Nigeria Approves 28 New Oil Field Development Plans Worth 18.2 Billion Dollars in 2025
Nigeria approved 28 new Field Development Plans valued at 18.2 billion dollars in 2025, with an estimated reserve potential of 1.4 billion barrels,...
Petrol Price May Hit N1,000 Per Litre as Global Crude Oil Prices Surge
The pump price of Premium Motor Spirit (PMS), popularly known as petrol, may rise to as much as N1,000 per litre in the...
FG Warns Investors to Bear Risks in 2025 Oil Licensing Round
The Federal Government has cautioned prospective investors in Nigeria’s 2025 oil licensing round that all risks, errors, and miscalculations arising from the bidding...
