Oil & Gas Industry

Dangote’s Free Fuel Delivery and Credit Scheme Sparks Job Loss Fears Among Depot Owners

Dangote’s Free Fuel Delivery and Credit Scheme Sparks Job Loss Fears Among Depot Owners

Dangote Petroleum Refinery’s bold move to launch direct nationwide distribution of petrol and diesel is set to reshape Nigeria’s downstream… Read More

1 month ago

IEA Slashes 2025 Global Oil Demand Growth Forecast by 21,000 bpd in its June Report

The International Energy Agency (IEA) has revised its 2025 global oil demand growth forecast downward by 21,000 barrels per day… Read More

1 month ago

Oil Prices Rose Sharply Amid Israel-Iran Conflict: Global Markets on Edge

Oil prices have surged dramatically following Israel’s unexpected strike on Iran, igniting fears of supply disruptions in the oil-rich Middle… Read More

2 months ago

NNPCL Announces N5.89 Trillion Revenue in April 2025 Performance Report

The Nigerian National Petroleum Company Limited (NNPCL) unveiled its April 2025 performance report, highlighting a staggering revenue of N5.89 trillion.… Read More

2 months ago

MRS Oil Nigeria Forecast N393.58 billion in Revenue for Q3 2025

MRS Oil Nigeria PLC, a leading player in Nigeria’s downstream oil and gas sector, has forecasted a revenue of ₦393.58… Read More

2 months ago

Nigeria’s $5 Billion Aramco Loan Stalls as Oil Prices Plummet

Negotiations between Nigeria and Saudi Arabia’s Aramco for a landmark $5 billion oil-backed loan have hit a roadblock as plunging… Read More

2 months ago

“Importation Means Import of Poverty and Export of Jobs” – Dangote

At the inauguration of the access road to the Lekki Deep Sea Port, Aliko Dangote, Africa’s leading industrialist, delivered a… Read More

2 months ago

Makanjuola-Linked Entity Sells ₦10.5m Stake in Caverton Offshore

A company linked to Caverton Offshore Support Group’s top brass has sold a significant block of shares in the aviation… Read More

2 months ago

Diesel Prices in Nigeria Are Heading Below ₦900 Amid Oversupply

Once soaring above ₦1,100 in March, diesel now ranges between ₦911 and ₦950 in major hubs, propelled by an oversupply… Read More

2 months ago

Oil Prices Rise Amid Shrinking US Oil Inventories

Oil prices surged on Thursday, propelled by an unexpected drop in US crude oil inventories that points to a strengthening… Read More

2 months ago