Tag: Oil Market

The Dangote Petroleum Refinery has announced another reduction in the prices of petroleum products, lowering the gantry prices of diesel ...

Nigeria may soon experience lower petrol prices as petroleum marketers project that fuel could sell for as low as N1,200 ...

Nigeria’s oil industry has received a significant boost following the addition of new crude streams that have collectively contributed approximately ...

The OPEC+ alliance has agreed to increase oil production quotas for July, extending its gradual supply expansion strategy as the ...

Nigeria’s oil and gas sector attracted approximately $460,000 in capital inflows during the first three months of the year, according ...

As countries around the world battle rising fuel prices and growing energy security concerns, investment in clean energy is gaining ...

Nigeria has failed to meet its crude oil production quota set by the Organization of the Petroleum Exporting Countries (OPEC) ...

Nigeria’s local refining sector failed to utilise crude oil worth an estimated $3.13 billion in the first quarter of 2026, ...

Petrol prices across Nigeria are rising sharply, with many areas now recording costs close to N1,400 per litre. This increase ...

Nigeria's crude oil production fell to 1.31 million barrels per day (bpd) in February 2026, a 10.69% decline from January's ...