Global crude prices have strengthened sharply this week, with Brent crude climbing above $72 per barrel and West Texas Intermediate (WTI) near $67 per barrel levels not seen in about six months. This rise marks a rebound after recent losses and reflects traders pricing in…
Inspector General of Police (IGP) Kayode Adeolu Egbetokun has met with members of the House of Representatives Committee on Petroleum Resources (Downstream) to strengthen security across Nigeria’s downstream petroleum industry. The meeting, held at the Force Headquarters in Abuja, brought together senior officers of the…
Nigeria’s downstream oil and gas landscape is entering a new phase as the Dangote Refinery intensifies its maritime operations. With production ramping up, the $20bn facility says it is positioning itself to receive about 600 vessels annually, a move that underscores its ambition to operate…
Global oil demand slumped by 614,000 barrels per day (bpd) in December 2025, signalling a sharp slowdown in consumption at a time when supply is rising. Fresh data from the Joint Organisations Data Initiative (JODI), shared via the International Energy Forum, show that demand also…
The Federal Government is facing growing resistance in the oil sector after the Petroleum and Natural Gas Senior Staff Association…
Nigeria’s downstream petroleum logistics chain recorded renewed vessel activity mid-February as multiple tankers carrying Automotive Gas Oil (AGO), and LPG…
Petrol prices at Lagos depots climbed sharply on Thursday, with Dangote-linked PMS now trading at ₦800 per litre, up from…
Global oil markets extended gains on Thursday, with Brent crude trading above $71 per barrel, intensifying concerns that domestic fuel…
President Bola Ahmed Tinubu has signed an Executive Order mandating the direct remittance of oil and gas revenues to the…
Crude oil prices climbed nearly 3 percent after peace talks between Russia and Ukraine ended without progress, reviving concerns that…
The naira may be heading for a major rebound in 2026 but only if Nigeria gets serious about cutting imports.…
For months, Nigerians watched cooking gas prices climb relentlessly, draining household budgets and forcing many families back to firewood, charcoal…
INTERNATIONAL MARKET
Global crude prices have strengthened sharply this week, with Brent crude climbing above $72 per barrel and West Texas Intermediate (WTI) near $67 per barrel levels…
Global oil demand slumped by 614,000 barrels per day (bpd) in December 2025, signalling a sharp slowdown in consumption at a time when supply is rising.…
TRENDING
As Nigeria accelerates LPG adoption and deepens its downstream gas infrastructure, cylinder…
Africa’s downstream petroleum market is undergoing significant evolution. Pricing volatility, tighter liquidity,…
Nigeria’s petrol market long depended almost entirely on imports, leaving prices exposed…
