Nigeria Consumes 4.93bn Litres of Petrol in Q1 2026 Despite March Demand Drop
Nigerians consumed about 4.93 billion litres of Premium Motor Spirit (petrol) in the first quarter of 2026, according to an ...
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Tag: #EnergyMarket
Nigeria’s Crude Oil Output Remains Below OPEC Quota Despite March Rebound
Nigeria’s crude oil production remains below the quota allocated by the Organization of the Petroleum Exporting Countries (OPEC), despite recording ...
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Oil Prices Edge Higher Amid Saudi Supply Concerns and Strait of Hormuz Disruptions
Global oil prices rose on Friday as fresh concerns over supply disruptions in the Saudi Arabia and continued restrictions in ...
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Dangote Refinery Cuts Petrol Gantry Price to N1,200 per Litre
The Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price for Premium Motor Spirit (petrol) to N1,200 per litre, ...
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Oil Prices Jump as Iran Intensifies Attacks Across Middle East
Global oil prices surged on Thursday after Iran intensified attacks on oil and transport facilities across the Middle East, heightening ...
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Wale Edun Says Nigerians Should Be Thankful for Local Refining Capacity Amid Rising Fuel Prices
Nigeria’s Minister of Finance, Wale Edun, has said the current increase in petrol prices reflects market realities, urging Nigerians to ...
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Fuel Prices Begin to Drop Nationwide After Dangote Refinery Price Cut
Prices of Premium Motor Spirit (PMS), commonly known as petrol, have started declining across the country following the recent reduction ...
Read moreOPEC+ to Raise Oil Output by 547,000 bpd in September Amid Global Supply Concerns
The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have agreed to increase oil ...
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Oil Prices Steady After Spike Amid Trump’s Russia Ultimatum
Oil prices paused in Asian trade on Wednesday following a sharp rally of over 3% in the previous session, as ...
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Oil Prices Steady Amid New EU Sanctions and Market Uncertainty
Oil prices held mostly steady on Monday as markets digested the implications of fresh European Union sanctions on Russian oil ...
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