NUPRC has threatened sanctions for oil firms deliberately failing to meet domestic crude supply obligations to refineries.

As Donald Trump assumed office as the 46th President of the United States of America, the entire global economy is already feeling ...

Nigeria has set a target of boosting daily production to 2.7 million barrels of crude and condensate by 2027.This was disclosed by President Bola Tinubu’s Special Adviser on Energy, Olu Verheijen, ...

The Organisation of Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, have reaffirmed commitments to monitor ...

The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC countries have reaffirmed commitments to monitor ...

In a bold move to drive economic relief for Nigerians, Dangote Petroleum Refinery has reduced the ex-depot price of its petrol from N950 to N890, effective from yesterday.

Nigeria, Africa’s biggest oil producer, has set a target of boosting daily production by 2.7 million barrels of crude and condensate ...

The Federal Government's Naira-to-crude initiative, aimed at bolstering domestic refining capacity has been marred by inconsistent execution, causing local refineries ...

The mainstay of Nigeria’s economy is oil but the sector has been beset with pro­longed challenges, chief among them is the problem of oil theft, especially pipeline vandalism. This has negatively ...

Exactly 34 days after President Bola Ahmed Tinubu presented Nigeria’s 2025 Appropriation Bill (on December 18, 2024) to the joint session of the National Assembly, Donald J. Trump was inaugurated as ...

The Organisation of Petroleum Exporting Countries (Opec) was founded in Baghdad, Iraq, on September 14, 1960. Its founding member countries are ...

The Dangote Refinery has slashed its ex-depot price for premium motor spirit (PMS), better known as petrol, from ₦950 per litre to ₦890.