Oil prices drop as investors expect Trump to relax Russian sanctions
Oil prices dropped slightly on Monday as investors expect U.S. President-elect Donald Trump to relax the sanctions imposed on Russia’s...
Dangote Refinery confirms hike in fuel price, blames soaring global oil prices
The Dangote Group has confirmed the reported hike in the depot price of Premium Motor Spirit from its refinery The...
Crisis among oil distributors and transporters may lead to petrol scarcity in Rivers – PETROAN
The Petroleum Products Retail Outlets Owners Association (PETROAN) has called on the Rivers State governments to intervene in a crisis...
“N800 billion allocation cannot do anything for Ministry of Works” – David Umahi tells Lawmakers
The Minister of Works, David Umahi, has argued that the N800 billion allocated to his ministry in the 2025 budget...
Crude supply: CORAN urges FG to support local refineries with assets
The Crude Oil Refinery-owners Association of Nigeria (CORAN) has called on the Federal Government to consider supporting local refineries with...
Nigeria recorded over 589 oil spills in 2024, most caused by oil theft
Nigeria recorded at least 589 oil spills in 2024, according to data mined from the Oil Spill Monitor, a satellite...
Nigeria’s CNG conversion capacity increases by 2,500% in 2024 – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that Nigeria’s Compressed Natural Gas (CNG) conversion capacity was...
High inflation, interest rates affected manufacturing sector’s performance in 2024 – MAN President
President of the Manufacturers Association of Nigeria (MAN), Chief Francis Meshioye, has said that the manufacturing sector was severely impacted...
PENGASSAN urges FG to fix all refineries, harness non-oil mineral resources
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the Federal government to fix all the...
OPEC forecasts robust oil demand growth at 1.4 mb/d in 2025 and 2026
The Organization of the Petroleum Exporting Countries (OPEC) has forecast global oil demand growth rate at 1.4 million barrels per...
