Supreme Court Dismisses Court of Appeal Order on Seizure of FPSO Tamara Tokoni Crude Oil
The Supreme Court of Nigeria on Friday set aside a decision of the Court of Appeal ordering the seizure and sale of crude oil aboard the FPSO Tamara Tokoni, a…
Ogun Oil Exploration a Fulfilment of Gbenga Daniel’s Vision – Ex-Governor
Former Ogun State Governor, Otunba Gbenga Daniel, has declared that the recent recognition of Ogun State as a frontier state for oil exploration by the Nigerian National Petroleum Company Limited…
Oil Prices Rise Again as Middle East Tensions Shake Global Markets
Global oil prices climbed sharply on Monday as renewed tensions in the Middle East increased fears of possible disruptions to global energy supply. Investors are becoming increasingly concerned that continued…
Dangote Refinery Slashes Aviation Fuel Price to N1,650 per Litre, Introduces Interest-Free Credit Facility
Dangote Petroleum Refinery & Petrochemicals has reduced the price of aviation fuel (Jet A1) from N1,750 to N1,650 per litre in a significant move aimed at easing cost pressures on…
UAE Temporarily Shuts Down Ruwais Refinery After Drone Strike Sparks Fire – Major Blow to Gulf Oil Output Amid Escalating Conflict
The United Arab Emirates has temporarily suspended operations at the Ruwais Refinery, one of the world’s largest crude oil processing facilities, after a drone strike ignited a fire in the…
Dangote Refinery Slashes Petrol Price to ₦1,075/Litre and Diesel to ₦1,430/Litre in Major Relief for Consumers
Dangote Petroleum Refinery and Petrochemicals has announced a significant reduction in the ex-depot prices of Premium Motor Spirit (PMS/petrol) and Automotive Gas Oil (AGO/diesel), offering immediate relief to Nigerian motorists…
Crude Oil Prices Drop Sharply on Tuesday as Middle East Tensions Ease Slightly – Brent Falls 8.45% to $90/Barrel
Global crude oil prices corrected sharply on Tuesday, March 11, 2026, with Brent crude dipping 8.45% to $90 per barrel and US West Texas Intermediate (WTI) falling 8.58% to $86.77…
Oil Marketers Warn Nigerians to Brace for Petrol at ₦1,500/Litre as Middle East War Drives Global Crude Prices Sky-High
Nigerians should prepare for petrol prices to climb toward ₦1,500 per litre in the coming days or weeks as the ongoing U.S.-Israeli military campaign against Iran enters its second week…
Global Oil Tanker Rates Hit Historic Highs as Middle East Conflict Disrupts Strait of Hormuz Shipping
Freight rates for supertankers carrying crude oil from the Persian Gulf have surged to record levels in the past 48 hours as escalating military conflict between Iran, the United States,…
Dangote Refinery Hits 50 Million Litres Daily Petrol Production, Powers 24-Hour Loading for Over 1,000 Trucks
Dangote Petroleum Refinery has reached a major milestone, now producing 50 million litres of Premium Motor Spirit (PMS), commonly known as petrol, per day, the company announced on Wednesday, January…