Oil & Gas Industry

IEA Cuts 2025 Global Oil Demand Forecast

IEA Cuts 2025 Global Oil Demand Forecast

The International Energy Agency (IEA) has revised its 2025 global oil demand growth forecast downward to 700,000 barrels per day… Read More

4 days ago

“Active Rig Count in Nigeria has jumped from 8 in 2021 to 46 as of July 2025” – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said yesterday that there were clear signs that Nigeria’s oil and gas industry… Read More

6 days ago

Oil Prices Rise as UAE Increases Demand Amid Red Sea Attacks

Oil prices edged higher for a third consecutive session on Tuesday, buoyed by strong demand signals from the United Arab… Read More

6 days ago

Dangote Refinery Eyes Full Reliance on Nigerian Crude by Year End

Dangote Refinery, the largest in Africa, is on track to process only Nigerian crude oil by the end of 2025,… Read More

1 week ago

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

1 week 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

1 week 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

2 weeks 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

2 weeks 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

2 weeks 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

2 weeks ago