In a move signalling a shift from its traditional reliance on Nigerian, African, and United States crude grades, the Dangote Petroleum Refinery and Petrochemicals (DPRP) has...
President of the United States, Donald Trump, says a record 19 million barrels of oil flowed out of the Strait of Hormuz on Monday. According to...
Reports that Iran has shut the strategic Strait of Hormuz, a strategic international shipping route again has sparked fresh concerns over global oil prices. This latest...
Global oil market disruptions occasioned by the closure of the Strait of Hormuz amid tensions involving the United States and Iran cost Nigeria’s domestic airlines operators...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is expected to face one of its most dicey policy decisions in months with...
The peace deal between the United States and Iran over the Strait of Hormuz might cost Nigeria dearly in oil revenues. Nigeria’s oil earnings recorded an...
OPEC oil output in May hit its lowest in more than two decades, a Reuters survey found, as a U.S. naval blockade cut Iran’s exports and...
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...
After the United States carried out what it described as defensive strikes in southern Iran, which put fresh question marks over the fragile ceasefire and ongoing...
