Energy

Oil prices rise as investors weigh Middle East peace deal prospects

Oil prices ​rose over $1 on Thursday, May 7, 2026, as investors weighed the prospects of a ‌Middle East peace…

1 month ago

Oil prices drop below $100 after reports US, Iran close to ending war

Oil prices plunged on Wednesday afternoon after news broke that the United States and Iran were nearing an initial peace…

1 month ago

Again, Dangote refinery raises petrol price to N1,350/litre

Dangote refinery has increased its ex-depot price of Premium Motor Spirit, otherwise known as petrol, to N1,350 per litre, up…

1 month ago

Dangote, other refineries get below half of allocated crude oil in Q1 2026 ― NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that it allocated 61.9 million barrels of crude oil to domestic…

1 month ago

Oil prices slip as Trump reveals possible Iran peace deal

Oil prices fell for a second day on Wednesday on expectations bottled-up supply from the key Middle East producing region…

1 month ago

Oil prices fall as US reduces Iran’s grip on Hormuz

Oil prices eased ​1% on Tuesday, May 5, 2025, on signs the United States Navy ‌is loosening Iran's grip on…

1 month ago

Oil prices soar after Iran hits US warship in Hormuz

Oil prices rose about 5% ‌on Monday after Iran's navy halted a United States warship in the Strait of Hormuz,…

1 month ago

Oil prices fall as Trump vows US aid for stranded vessels in Hormuz

Oil prices eased on Monday, May 4, 2026, after President ‌Donald Trump said the United States would begin an effort…

1 month ago

Oil prices rise amid Strait of Hormuz closure

Oil prices rose on Friday, May 1, 2026, as efforts to resolve the Iran war remained at an impasse, with…

1 month ago

NNPC completes River Niger crossing of OB3 gas pipeline

The Nigerian National Petroleum Company (NNPC) Limited has completed the River Niger Crossing of the 130-kilometre Obiafu-Obrikom-Oben (OB3) gas pipeline.…

2 months ago

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