Oil & Gas Industry

Oil Prices Steady Amid OPEC+ Supply Surge and Trump’s Tariff Threats

Oil Prices Steady Amid OPEC+ Supply Surge and Trump’s Tariff Threats

Oil prices remained steady on Monday despite OPEC+ announcing a larger-than-expected production hike for August, stoking fears of an impending… Read More

11 hours ago

OPEC+ To Increase Oil Supply by 548,000 bpd in August 2025

OPEC+ has announced a larger-than-expected oil production increase for August 2025, further raising its output by 548,000 barrels per day… Read More

2 days ago

Oil Prices Dip as OPEC+ Eyes Output Hike, US-Iran Nuclear Talks Resume

Oil prices declined on Thursday as investors weighed the impact of a possible OPEC+ production increase, renewed nuclear diplomacy between… Read More

3 days ago

MRS Oil Nigeria PLC Appoints New Directors

On July 3, 2025, MRS Oil Nigeria PLC announced significant changes to its board, appointing Mr. Aliyu Abubakar Kalgo as… Read More

4 days ago

Oil Prices Steady as Market Eyes US Crude Stockpiles and OPEC+ Output Decision

Oil prices edged higher for a second consecutive day on Tuesday, with Brent crude trading above $67 per barrel and… Read More

6 days ago

Segun Ajayi-Kadiri Urges Govt to Sell Warri, Port Harcourt, Kaduna Refineries to Private Sector

In a bold call to action, Segun Ajayi-Kadiri, Director General of the Manufacturers Association of Nigeria (MAN), has urged the… Read More

6 days ago

NNPC AKK Gas Pipeline Project Crosses River Niger

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has confirmed that the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline has successfully crossed the River… Read More

6 days ago

Oil Prices Stabilize as OPEC+ Production Quota Decision Nears, Saudi Arabia Regains Market Share

Oil prices stabilized near their lowest levels since early June 2025, with Brent crude trading below $67 per barrel and… Read More

7 days ago

NNPCL’s Profit After Tax Surges to ₦1.054 trillion in May 2025, Revenue Hits ₦6 trillion

The Nigerian National Petroleum Company Limited (NNPC Ltd) posted a strong financial performance in May 2025, with profit after tax… Read More

1 week ago

Nigerians Paid an Average of N1027.76 For Petrol in May 2025,  Down 17.07% from April – NBS

Nigeria's average retail price for Premium Motor Spirit (PMS) decreased to ₦1,027.76 in May 2025—a 17.07% decrease from ₦1,239.33 in… Read More

1 week ago