Energy

Oil prices rise over US-China trade deal

Oil prices rose on Monday, October 27, 2025, after United States and Chinese economic officials outlined a trade deal framework.…

3 months ago

Dangote refinery raises capacity to become world’s largest

Dangote Petroleum Refinery has announced that it is increasing its production from 650,000 barrels per day to 1.4 million barrels…

3 months ago

Oil prices rise as US-China trade war escalates

Oil prices rose on Tuesday, October 14, 2025, as early signs of a thaw in U.S.-China trade tensions bolstered market…

4 months ago

NNPC raises petrol price to N992/litre in Lagos

The Nigerian National Petroleum Company (NNPC) Limited has increased the pump price of Premium Motor Spirit, fondly called petrol, to…

4 months ago

Dangote refinery denies importing high-sulphur petrol

The Dangote Petroleum Refinery has refuted reports alleging that it imported Premium Motor Spirit, otherwise known as petrol, with high…

4 months ago

‘You’re not greater than Nigeria’: FG slams PENGASSAN over strike

The Federal Government has condemned the industrial action embarked upon by oil workers under the aegis of the Petroleum and…

4 months ago

Families groan as cooking gas price hits N3,000

Families in Lagos and other parts of Nigeria are reeling under the pressure of soaring Liquefied Petroleum Gas (LPG), otherwise…

4 months ago

Oil prices jump 1.5% after OPEC+ output hike

Oil prices increased on Monday, October 6, 2025, after OPEC+ announced a more modest monthly increase in production than expected.…

4 months ago

OPEC+ to raise oil production in November

OPEC+ members have agreed to raise oil output by 137,000 barrels per day (bpd) in November 2025. OPEC+ announced this…

4 months ago

Troops destroy 41 illegal refineries, foil N112.1m oil theft

The troops of Operation Delta Safe have destroyed 41 illegal refining sites and foiled oil theft worth over N112.1 million…

4 months ago

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