Oil
Nigeria to Lose 225,000 BPD as Shell Shuts Bonga FPSO for Maintenance
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has announced a temporary shutdown of its Bonga Floating Production Storage and...
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Oil Prices Drop Nearly 5% on Iran De-escalation Talks
Oil prices plunged nearly 5% on Monday, marking the steepest single-session decline in more than six months, after U.S. President...
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Oil Prices Jump Over 1.5% Amid Rising Concerns of US Action Against Iran
Oil prices surged more than 1.5% in Asian trade on Thursday, extending a three-day rally amid growing concerns that the...
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Oil Prices Fall as Kazakh Production Halt Risks Ease Amid Rising U.S. Crude Inventories
Oil prices fell on Wednesday as an expected build-up of U.S. crude inventories outweighed a temporary halt in output at...
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Oil Prices Rise on Weaker Dollar Amid Market Watch on Trump’s Greenland Tariffs
Oil prices edged higher on Tuesday, supported by a weaker U.S. dollar, as markets closely monitored President Donald Trump’s threat...
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Lokpobiri Tasks New NMDPRA Chief on Ending Tanker Explosions, Boosting Downstream Growth
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has urged the newly appointed Chief Executive of the Nigerian...
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Oil Prices Rise as U.S.-Ukraine Peace Talks and Middle East Tensions Influence Markets
Oil prices rose on Monday as investors weighed the outcome of ongoing talks between the U.S. and Ukrainian presidents on...
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Nigeria’s Daily Petrol Consumption Drops to 52.9 Million Litres in November 2025
Data from the latest Fact Sheet by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) shows that daily petrol...
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Dangote Refinery to Begin Crude Oil Production, Targets 40,000 Barrels Daily
The Dangote Refinery is expected to commence crude oil production before the end of the year, according to a new...
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NUPRC: Nigeria’s 2024 Oil Licensing Round to Deliver 1.5bn Barrels Output in 10 Years
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the 2024 oil licensing round could deliver up to 1.5...
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