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Oil & Gas - Page 50

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

Major Events That Shaped Nigeria’s Oil and Gas Sector In 2024

Business·News·Oil & Gas

Oil Marketers Call For Reduction In Dangote Diesel Price To N850/Litre

Oil marketers in Nigeria are pushing for a price cut in diesel produced by the Dangote Petroleum Refinery, urging a reduction to between N700 and N850 per litre. They argue that the current price of N1,225 per litre is steep, especially considering

April 10, 2024

NNPC: Petrol Import To Stop As Port Harcourt Refinery Begins Operations Soon

Business·News·Oil & Gas

NNPCL Slow To Settle $3bn Debt To Oil Traders, Cites Rising Global Prices, Refinery Progress

The Nigerian National Petroleum Company Limited (NNPCL) is facing scrutiny over its sluggish repayment of $3 billion debt owed to oil traders for imported petrol. Despite making progress in clearing the overdue payments, the pace of repayment remains a cause for concern.

April 8, 2024

Oil Prices Surge Amid Middle East Conflict Fears, Brent Crude Nears $80 Per Barrel

Markets·News·Oil & Gas·World News

Iran-Israeli Crisis: Crude Oil Prices Surged Beyond $90 Per Barrel

Crude oil prices have surged beyond $90 a barrel, riding on the wave of escalating global tensions. Analysts attribute the spike to apprehensions surrounding potential supply disruptions, primarily fueled by the ongoing conflict between Israel and Iran. “Geopolitical tensions are driving the

April 8, 2024

Nigeria's Crude Oil Production Decline Costs Country N720bn In Revenue In 2 Months

Business·Markets·News·Oil & Gas

Nigerian Crude Oil Trades At $92 Per Barrel, $14 Higher Than FG Budget Benchmark Amid Global Supply Concerns

Nigerian crude oil continues to hold its premium status in the global market, trading higher than the Federal Government’s budget benchmark as investors remain wary of supply disruptions. With recent attacks on Russian refineries by Ukraine and escalating tensions in the Middle

April 3, 2024

Kaduna Refinery: The Role Of Local Refining In Nigeria's Fuel Economy

Business·Oil & Gas

Prices Set To Crash As Dangote Refinery Begins Supply Of Diesel To Marketers

Indications have emerged that Dangote Refinery’s commencement of of supply of diesel to marketers will lead to a crash in the price of the commodity.

April 3, 2024

Competition Sets In As NNPCL, Like Dangote Refinery, Slashes Petrol Price

Business·News·Oil & Gas

Nigerians Ask NNPCL To Make Petrol, Diesel Cheaper As Dollar Rate Drops

Nigerians have called on the Nigeria National Petroleum Company Limited (NNPCL), to reduce the pump price of petroleum products such as Premium Motor Spirit (PMS) also known as petrol and diesel.

March 28, 2024

News·Oil & Gas·World News

Crude Oil Prices Dip To $85 In International Market Amid Global Tensions

Crude oil prices have undergone significant fluctuations in the international market over the past week. From a recent high of $87.61, the price of Brent Crude has dipped to $85.61 as of Friday, March 22, 2024. Similarly, the WTI Crude has fallen

March 23, 2024

NNPC Initiates Process For Stock Market Listing, Says CEO Mele Kyari

Business·Markets·News·Oil & Gas

NNPC Stock Market Listing Will Commence Soon, Says CEO Mele Kyari

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), announced on Wednesday during the 2024 CERAWEEK in Houston, United States, that the long-awaited public listing of NNPC’s shares would soon commence, in line with the provisions

March 21, 2024

Business·Oil & Gas

Petrol Price Rises By 158% In 1 Year, As Zamfara Residents Paid Highest In February 2024

The average retail price paid by consumers for Premium Motor Spirit (PMS) also known as Petrol increased by 157.57 per cent in one year. This was disclosed in a report released Wednesday by the National Bureau of Statistics (NBS) titled PMS Price

March 20, 2024

Savannah Energy’s Income Rises By 40% To $233.4m In H1 2024

Business·Oil & Gas

Savannah Energy Signs Share Purchase Agreements To Acquire 49% Interest In Stubb Creek Field, Nigeria

Savannah Energy PLC, the British independent energy company has signed separate Share Purchase Agreements (SPAs) with Sinopec International Petroleum Exploration and Production Corporation (SIPEC) and Jagal Ventures Limited to acquire 100 per cent of the outstanding share capital of SIPEC.

March 19, 2024

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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 50

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

Oil Marketers Call For Reduction In Dangote Diesel Price To N850/Litre

NNPCL Slow To Settle $3bn Debt To Oil Traders, Cites Rising Global Prices, Refinery Progress

Iran-Israeli Crisis: Crude Oil Prices Surged Beyond $90 Per Barrel

Nigerian Crude Oil Trades At $92 Per Barrel, $14 Higher Than FG Budget Benchmark Amid Global Supply Concerns

Prices Set To Crash As Dangote Refinery Begins Supply Of Diesel To Marketers

Nigerians Ask NNPCL To Make Petrol, Diesel Cheaper As Dollar Rate Drops

Crude Oil Prices Dip To $85 In International Market Amid Global Tensions

NNPC Stock Market Listing Will Commence Soon, Says CEO Mele Kyari

Petrol Price Rises By 158% In 1 Year, As Zamfara Residents Paid Highest In February 2024

Savannah Energy Signs Share Purchase Agreements To Acquire 49% Interest In Stubb Creek Field, Nigeria

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