OPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikely to...
Oil prices fell by about $3 on Thursday as investors bet on a possible easing of tensions in the Middle East following hopes of a wider...
Two commercial vessels have successfully passed through the Strait of Hormuz despite ongoing tensions in the Gulf, as Iran submitted its response to a United States...
As ongoing geopolitical tensions in the Middle East, driven by the US-Israel conflict with Iran, have removed an estimated 10 million barrels of oil per day...
Nigeria’s local refiners could not take up an estimated $3.13bn worth of crude oil offered to them in Q1 2026. This was gleaned from data released...
As crude oil deliveries bow to supply disruptions in the Middle East, oil giants, Exxon Mobil and Chevron have reported drops in profit in the first...
Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel...
Rising global demand for aviation fuel and expanding refining capacity for jet fuel have pumped exports from the Dangote Petroleum Refinery and Petrochemicals (DPRP), up by...
The International Energy Agency (IEA) is of the view that the current Middle East crisis has destabilised global oil markets. It pointed out that the ugly...
Nigeria exported 55.39 million barrels of crude oil in the first two months of 2026, even as the Dangote Petroleum Refinery continues to struggle with inadequate...
