Oil Prices Fall Nearly 5% After US Announces New Iran Talks
Oil prices tumbled on Monday in early Asia trade after US President Donald Trump announced fresh talks with Iran to end the Middle East war and reopen the Strait of…
Navy Foils Resurgence of Oil Theft in ONELGA, Recovers 61,000 Litres of Crude, AGO
The Nigerian Navy has sustained pressure on illegal refining networks under Operation DELTA SENTINEL, with the latest operation leading to the recovery of 61,000 litres of petroleum products in Rivers…
Niger Govt, NNPC Sign MoU On Gas Master Plan To Drive Industrialisation
The Niger State Government has signed a Memorandum of Understanding (MoU) with the Nigerian National Petroleum Company Limited (NNPC) for the development and implementation of a Gas Master Plan aimed…
Oil Price Up More Than 3% After Iran Attacks
Oil prices jumped more than three percent in early Asian trade on Wednesday after the US military said it had intercepted multiple missiles launched by Iran. At around 0015 GMT,…
Another era of dollarised petrol pain
NIGERIANS appear headed for another round of economic hardship. This follows the Dangote Refinery’s decision to abandon the naira in favour of the dollar when fixing its ex-depot fuel prices.…
Diplomatic hopes on US-Iran talks push oil below $90
Global oil prices tumbled on Monday after United States President Donald Trump said Washington was holding “good talks” with Iran, raising hopes of a diplomatic breakthrough following the suspension of…
Oil Rallies Near $100 Per Barrel Amid Fresh Middle East Strikes
Main oil contract, Brent North Sea, surged toward $100 a barrel on Thursday as Tehran-backed Houthi rebels targeted Red Sea shipping, raising fears that the Middle East war is widening.…
TotalEnergies Q2 Net Profit Doubles To $5.4bn Amid Middle East Conflict
French oil and gas giant TotalEnergies said Thursday net profit doubled in the second quarter as conflict in the Middle East pushed up hydrocarbon prices. TotalEnergies said in a statement…
Navy Bursts Illegal Refining Sites, Recovers Over 126,000 Petroleum Products in Rivers State
The Nigerian Navy has continued to assert persistent operational control over known illegal refining hotspots in Rivers State under Operation DELTA SENTINEL, frustrating repeated attempts by crude oil theft syndicates…
Dangote dumps naira, begins petrol sales in dollars
Dangote Petroleum Refinery has fixed the ex-depot price of Premium Motor Spirit (petrol) at $0.779 per litre, unveiling a new pricing template that also raised the benchmark prices for diesel…