The House of Representatives has backed plans to expand Nigeria’s national strategic petroleum stock from a capacity of up to 20 days of supply to 90 days by 2027, as…

By TheDailyNewsHub Reporter Nigeria is not yet producing enough crude oil to meet the Dangote Petroleum Refinery’s full daily requirement of 700,000 barrels, Finance Minister Taiwo Oyedele has said, highlighting…

State oil company, the Nigerian National Petroleum Company (NNPC) Limited, Thursday said that crude oil production has risen to 1.8 million barrels per day in the last month. The development…

Oil prices spiked with bond yields Monday as Donald Trump’s rejection of an Iranian offer of a seven-day truce stoked inflation concerns, while stocks were mixed as traders look ahead…

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has inaugurated a reconstituted Inter-Agency Technical Committee to verify the coordinates of disputed and newly drilled oil and gas wells from 2017…

Oil prices rose sharply on Monday, pushing Brent crude above $107 a barrel as escalating tensions in the Middle East stoked fears of disruptions to global energy supplies. Brent crude…

Nigeria produced 1, 677,777 barrels of crude oil and condensate per day in the month of August 2026, representing an increase of 0.4 per cent when compared to the month…

Oil prices hovered above $100 a barrel on Thursday, a day after Iran said it attacked more than a dozen vessels trying to pass through the Strait of Hormuz. Tehran…

Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, breaching the symbolic barrier for the first time ​since July 24 as intensifying conflict in the Middle ‌East…

Average diesel prices in the United States climbed to a new record Monday, the motorists’ association AAA said, as damage to Gulf refineries during the war against Iran disrupted supplies.…