The recent drop in crude oil prices, coupled with the reinstatement of the naira-for-crude supply arrangement for local refiners, could see the pump price...
The Nigerian Upstream Petroleum Regulatory Commission has declared the country’s official petroleum reserves position, revealing a staggering 37.28 billion barrels of crude oil and...
The Federal Executive Council has officially directed the full implementation of the suspended Naira-for-Crude agreement with local refiners. The Ministry of Finance disclosed this...
Sequel to a consistent surge in the price of Brent, the global benchmark for crude, the Dangote Petroleum Refinery has communicated an upward adjustment...
The loading cost of Premium Motor Spirit (petrol) and other refined petroleum products at the depots increased on Monday. It was gathered that marketers...
•FG approves Shell’s $2.4bn oil, gas assets sale to Renaissance, says consortium In Nigeria’s first oil bid round conducted under the Petroleum Industry Act...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has begun lifting Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery. This follows an agreement...
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) says the Port Harcourt Refinery Company Limited has not released any new purchase price...
After multiple delays, the Port Harcourt refinery has officially commenced fuel production. The Nigerian National Petroleum Company Limited (NNPC) confirmed this development to our...
The Nigerian National Petroleum Company Limited (NNPCL) has exported its first cargo of 950,000 Utapate barrels of crude to Spain. Utapate crude oil is...
The Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s average daily crude oil production saw a slight increase in October 2024, reaching 1.33...