Oil & Gas
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Oil Jumps over fears of Iran war escalation
Oil prices surged following growing fears of possible wider war between the United States and Iran, which could increase further…
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Nigerians risk higher petrol price if Dangote sells in dollars, IPMAN, CORAN warn
Nigeria may soon face another increase in fuel prices if reports that the Dangote Petroleum Refinery is considering the sale…
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Oil prices hit 1-month high as renewed hostilities mount further pressure on Hormuz
Oil prices have surged to their highest level in a month as renewed hostilities between the United States and Iran…
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Oando posts N204.8bn profit in annual report
Indigenous oil company, Oando Plc, has announced one of its strongest annual results to date, disclosing N204.8 billion in profit…
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South Africa planning first reserves boost years after Apartheid
South Africa is moving to increase its strategic oil reserves for the first time since the apartheid government stockpiled crude,…
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Nigeria meets 104% OPEC quota as crude production hits 74-month high
Nigeria’s crude oil and condensate production rose to an average of 1,735,398 barrels per day in the month of June…
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UAE oil output surged to record high in June, says IEA
Crude output from the United Arab Emirates (UAE) rose to an all-time high in June 2026, a significant response by…
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Commercialisation of stranded gas to unlock Nigeria’s potential — NLNG
Nigeria Liquefied Natural Gas (NLNG) Limited has expressed concerns about projections indicating that Nigeria could face a gas supply deficit…
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Dangote Refinery sourced 78% of crude from local producers in May-June
Dangote Petroleum Refinery sourced nearly 78 percent of its crude oil requirements from local producers between May and June this…
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Ukraine hits Russian oil depots and tankers in drone attacks
Ukraine has attacked several Russian oil facilities and set two tankers ablaze in the Sea of Azov, the latest in…
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