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Oil & Gas - Page 17

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

The United States has seized a sanctioned Venezuelan oil tanker off the country’s coast, President Trump announced Wednesday, escalating tensions with Caracas and sending oil prices higher. “We’ve just seized a tanker on the coast of Venezuela, very large, largest one ever,”

December 11, 2025

Business·News·Oil & Gas

Why Monopoly Should Be Discouraged— Oil Marketers

Oil marketers in Nigeria, under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have called for a fair and competitive petroleum market where all players, including refiners, importers, depot owners, and retail outlets, can operate without restrictions. They emphasized that

February 11, 2025

Netizens Tackle MRS For Setting Petrol Price In South-east Higher Than Other Regions

Business·News·Oil & Gas

MRS Under Fire: Netizens Slam Petrol Price Disparity in Southeast

Netizens have criticised the new regional prices set by MRS Oil Nigeria for Premium Motor Spirit (PMS), commonly known as petrol. In a post on social media on Monday, the major oil marketing firm listed new prices of petrol in its retail

February 11, 2025

Business·News·Oil & Gas

Why Warri, Port Harcourt Refineries Not Producing PMS As Import Continues – Expert

By Blessing Nweke Economist and energy expert, Kelvin Emmanuel, has advanced reasons why the Warri and Port Harcourt refineries are not producing Premium Motor Spirit (PMS), also known as petrol against claims by the Nigeria National Petroleum Company Limited (NNPCL). NNPCL had

February 9, 2025

Dangote Refinery, FCCPC Clash As NNPCL Insists On Importation Of Fuel

Business·News·Oil & Gas

Dangote Refinery, FCCPC Clash As NNPCL Insists On Fuel Imports

The Federal High Court in Abuja has become the battleground for a legal dispute involving Dangote Petroleum Refinery, the Federal Competition and Consumer Protection Commission (FCCPC), and the Nigerian National Petroleum Company Limited (NNPCL). The case revolves around Dangote Refinery’s attempt to

February 8, 2025

Business·News·Oil & Gas

Petrol Price Drops To N925 At Private Depots, Marketers Count Losses

The price of Premium Motor Spirit (PMS), commonly known as petrol, has dropped to N925 per litre at private depots. This reduction follows Dangote Petroleum Refinery’s decision to lower its ex-depot price from N950 to N890 per litre, effective from Saturday as

February 4, 2025

Business·FEATURES·News·Oil & Gas

Dangote Refinery’s Fuel Price Reductions: Will Nigerians See Cheaper Petrol Soon?

The price cuts at Dangote Refinery have sparked much hope for Nigerians who have long struggled with high fuel prices. On February 1, 2025, the refinery announced a notable reduction in the ex-depot price of petrol from N950 to N890 per litre

February 3, 2025

Dangote Petrol Price Cut: We Expected Lower Price – Nigerians

Business·Finance & Economy·Oil & Gas

Dangote Refinery Reduces Petrol Price To N890/Litre

Dangote Petroleum Refinery has announced reduction of ex-depot price of its Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890. The 6 per cent wholesale price reduction took effect from Saturday, 1st February 2025, according to a statement signed

February 2, 2025

Business·News·Oil & Gas

How NNPC, Oil Marketers Spend Over N5.5trn On Fuel Imports In 4 Months

The Nigerian National Petroleum Company (NNPC) Limited and some oil marketers spent over N5.5 trillion on fuel imports between October 1, 2024, and January 31, 2025. Despite the availability of locally refined products, reports show that massive volumes of Premium Motor Spirit

February 1, 2025

Business·News·Oil & Gas

Outrage As Government Plans To Resume Oil Exploration In Ogoni Land

Oil Change International and civil society organisations in the Niger Delta, have condemned in strong terms the Nigerian government’s decision to resume oil exploration in Ogoni land. They argue that this move ignores the environmental destruction, economic struggles, and social injustices the

January 29, 2025

Business·News·Oil & Gas

PMS Price: Marketers Raise Concerns Over Epileptic Fuel Supply

Petroleum marketers in Nigeria have voiced concerns that unstable Premium Motor Spirit (PMS) prices might cause erratic fuel supply at filling stations. They noted that while there is no shortage of products due to local refining, station owners are increasingly hesitant to

January 28, 2025

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Oil & Gas - Page 17

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

Why Monopoly Should Be Discouraged— Oil Marketers

MRS Under Fire: Netizens Slam Petrol Price Disparity in Southeast

Why Warri, Port Harcourt Refineries Not Producing PMS As Import Continues – Expert

Dangote Refinery, FCCPC Clash As NNPCL Insists On Fuel Imports

Petrol Price Drops To N925 At Private Depots, Marketers Count Losses

Dangote Refinery’s Fuel Price Reductions: Will Nigerians See Cheaper Petrol Soon?

Dangote Refinery Reduces Petrol Price To N890/Litre

How NNPC, Oil Marketers Spend Over N5.5trn On Fuel Imports In 4 Months

Outrage As Government Plans To Resume Oil Exploration In Ogoni Land

PMS Price: Marketers Raise Concerns Over Epileptic Fuel Supply

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