Oil Prices Jump Nearly 4% After Middle East Strikes Escalate Tensions
Oil prices climbed by more than $3 per barrel on Wednesday as renewed military tensions in the Middle East heightened ...
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Tag: #CrudeOil
Nigeria Imports Libyan Crude for First Time as Dangote Refinery Expands Feedstock Sources
Nigeria has imported crude oil from Libya for the first time on record, as the Dangote Petroleum Refinery continues to ...
Read moreNigeria’s Crude Oil Exports Hit N20.22tn in Five Months Despite Lower Volumes
Nigeria exported an estimated 148.9 million barrels of crude oil worth approximately N20.22tn ($14.66bn) in the first five months of ...
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Nigeria Crude Oil Output Surpasses OPEC Quota, Hits 15-Month High in May 2026
Nigeria’s crude oil production rose above its Organisation of the Petroleum Exporting Countries (OPEC) quota in May 2026, reaching its ...
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OPEC+ Plans Gradual Oil Output Increases as It Moves to Fully Restore 2023 Production Cuts
Key members of OPEC+ are planning to continue a series of gradual oil production quota increases in the coming months, ...
Read moreNigeria Falls Short on Domestic Crude Supply, Delivers Only 28.5m Barrels in Q1
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that Nigeria supplied only 28.5 million barrels of crude oil to domestic ...
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Dangote Group Records First Oil from Upstream Assets, Targets Higher Output
The Dangote Group has recorded its first oil from upstream assets and is aiming to begin pumping marketable crude in ...
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Nigeria’s Crude Oil Prices Surge to $113 as Output Rises to 1.8 Million Barrels Per Day
Nigeria’s revenue from crude oil is set for a significant boost as its key crude grades traded at $113 per ...
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Iran-US Temporary Ceasefire Sparks Global Oil Crash, Markets Rally
Nigerian crude oil, Bonny Light, fell below $95 per barrel on Wednesday, down from over $130, following an agreement between ...
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Dangote Refinery Cuts Petrol Price to N1,200 per Litre Amid Global Oil Slide
Dangote Petroleum Refinery & Petrochemicals has reduced the ex-gantry price of Premium Motor Spirit (PMS) to N1,200 per litre, reversing ...
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