Fuel Prices May Drop As Crude Oil Falls Amid US, Iran Talks
Fuel prices may drop in the coming days if global crude oil prices continue to fall following ongoing peace talks between the...
Crude Oil
NNPCL Increases Price Of Crude Oil
The Nigerian National Petroleum Company Limited (NNPCL) has raised the official selling prices of all 37 Nigerian crude grades for May-loading cargoes...
Nigerian Military Intercepts Vessels With Illegal Crude Oil Worth $300 Million
The Joint Task Force (JTF) South-South, Operation Delta Safe (OPDS), has intercepted vessels carrying a large volume of suspected illegal crude oil....
Nigeria’s Bonny Light Crude Oil Price Slumps By 14%
Nigeria’s Bonny Light crude price fell sharply by 14.2 per cent to $94.41 per barrel from $110 recorded earlier in the week,...
Nigeria Records Fresh Oil Milestone As NNPC Exports New Crude Grade
The Nigerian National Petroleum Company Limited (NNPCL) has announced the successful export of a new crude oil grade, Cawthorne, in a move...
Crude Oil Prices Surge Further, Global Stocks Extend Gains As Middle East Tension Persist
Global oil prices rose sharply on Tuesday, with major crude benchmarks hovering around the $100 mark, as geopolitical tensions in the Middle...
Adeyanju Raises Alarm Over Pressure On FG To Cancel Niger Delta Oil Contract
Human rights lawyer and activist Deji Adeyanju has claimed that individuals profiting illegal oil activities are compelling the Federal Government to terminate...
Iran Threatens Oil Blockade, Predicts $200 Per Barrel As Middle East Crisis Deepens
Iran has declared that it will not allow “a single litre of oil” to pass through the Strait of Hormuz for the...
Global Crude Oil Prices Hit New High As Middle East Crisis Deepens
Global crude oil prices surged to a two-year high of above $90 per barrel on Saturday, amid escalating tensions in the Middle...
Nigeria Retains Africa’s Top Producer Spot As Crude Oil Production Improves
Nigeria’s crude oil production increased to 1.459 million barrels per day in January 2026, reinforcing the country’s status as Africa’s largest oil...
Nigeria’s Oil Production Declines By 8.3%
Nigeria’s crude oil production, including condensate, declined sharply by 8.3 per cent year-on-year to 1.544 million barrels per day in December 2025,...
Oil Powers Nigeria’s Exports As Crude Rakes In ₦12.81 Trillion In Q3
Nigeria earned about ₦12.81 trillion from crude oil exports in the third quarter of 2025, underscoring the continued dominance of the petroleum...
It Is Shameful – Dangote Blasts Oil Firms Over Crude Diversion
The President of Dangote Industries, Aliko Dangote, has stated that Nigeria has no business importing crude or refined petroleum products. The billionaire...
Nigeria’s Oil Production Crosses 1.7 Million Barrels Per Day – NUPRC
Nigeria has recorded a significant milestone in its oil industry, with crude oil output surpassing 1.7 million barrels per day on multiple...
2025 Budget Threatened As Nigeria Loses 93.7 Million Crude Oil Barrels In 8 Months
Nigeria has recorded a crude oil production shortfall of about 93.74 million barrels between January and August 2025, raising serious concerns over...
FG Pledges Support for Local Refiners, Launches Regional Fuel Market
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, says the Federal Government is committed to ensuring that every barrel of...
Senegal’s Dakar Refinery Turns To Nigeria For Crude Oil Supply – Report
Nigeria has reportedly emerged as the key supplier of crude oil to Senegal’s 30,000-barrels-per-day Dakar Refinery, despite Senegal’s entry into the league...
Dangote Refinery Suspends Naira Petrol Sales
The Dangote Petroleum Refinery has suspended the sale of petrol in naira, unsettling oil marketers and raising fresh concerns about fuel pricing...
Oyo Govt Clears Air On Crude Oil Discovery Rumour At Yemetu
The Oyo State Government has debunked reports circulating on social media that crude oil was discovered in a well at Yemetu, Ibadan....
Nigeria’s Oil Output Hits 2025 Peak As Dangote Refinery Slashes Petrol Price
Nigeria’s crude oil output, excluding condensates, has risen by 11 per cent year-on-year to 1.559 million barrels per day (bpd) in July...
