Energy

OPEC+ agrees to raise oil output in September

OPEC+, on Sunday, August 3, agreed to increase oil production by 547,000 barrels per day in September 2025. The latest…

8 months ago

Petrol tankers to stop loading beyond 45,000 litres on Oct. 1 ― Marketers

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says tankers will no longer load more than 45,000 litres of petrol…

8 months ago

Oil prices rise over U.S. tariffs

Oil prices increased on Friday, August 1, 2025, as traders digested the impact of new higher United States tariffs that…

8 months ago

Shell’s profit drops to $8.4bn

Shell's second-quarter net profit tumbled by almost a third on Thursday, Thursday, July 31, 2025. The oil major's shares were…

8 months ago

Oil prices drop as market weighs Trump tariff threats

Oil prices dropped on Thursday, July 31, 2025, as investors weighed the risk of supply shortages amid United States President…

8 months ago

NNPC: Port Harcourt refinery not for sale

The Nigerian National Petroleum Company (NNPC) Limited has ruled out the sale of the Port Harcourt Refining Company, reaffirming its…

8 months ago

Oil prices rise as markets weigh Trump’s ultimatum to Russia

Oil prices increased in Asian trade on Wednesday, July 30, 2025, as investors awaited developments from United States President Donald…

8 months ago

Senate gives NNPC 3 weeks to explain N210trn audit queries

The Senate Committee on Public Accounts has given the Nigerian National Petroleum Company (NNPC) Limited three weeks to respond to…

8 months ago

Oil prices fall amid global economic concerns

Oil prices slipped on Tuesday, July 29, 2025, amid uncertainty about the global economic outlook following the U.S.-EU trade deal.…

8 months ago

Oil prices rise as U.S.-EU deal boosts trade optimism

Oil prices rose on Monday, July 28, 2025, after the United States clinched a trade deal with the European Union…

8 months ago

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