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Tensions in the Middle East have escalated sharply as Saudi Arabia signalled it could take military action against Iran, while global oil prices surged amid...
Nigeria has recorded the steepest increase in petrol prices worldwide, as tensions in the Middle East trigger major disruptions in global oil supply, an analysis...
Kuwait’s key oil facility, the Mina Al-Ahmadi refinery, has been struck by Iranian drones, triggering fires in parts of the plant and raising fresh concerns...
The Nigerian Economic Summit Group (NESG) has projected that Nigeria could earn between N2.3 trillion and N30.2 trillion in additional oil revenue if the ongoing...
The International Energy Agency (IEA) has announced the largest release of emergency oil reserves in its history as global crude prices surge due to the...
Iran has warned that global oil prices could surge to as high as $200 per barrel as tensions escalate in the Middle East and attacks on...
Nigeria’s state oil company, Nigerian National Petroleum Company Limited (NNPC Ltd), has secured presidential approval for a targeted fiscal incentive aimed at unlocking the long-awaited...
President Bola Ahmed Tinubu has ordered the immediate deployment of about 100,000 Compressed Natural Gas (CNG) conversion kits across Nigeria as part of measures to...
The Dangote Refinery has reduced the prices of petrol and diesel by up to ₦100 and ₦190 respectively, according to its latest pricing template released...
The Nigerian National Petroleum Company Limited (NNPC) has reported a profit after tax of ₦385 billion for January 2026, according to its latest monthly operational...