KEY POINTS A major gas facility in the United Arab Emirates has been engulfed in flames following a drone strike on Tuesday, intensifying fears over tightening global energy supplies and …
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In the NewsOil & Gas
NUPRC Shortlists Bidders for 2025 Oil Blocks, Advances to Competitive Licensing Phase
KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has officially shortlisted bidders for Nigeria’s 2025 oil and gas licensing round, marking a critical transition from pre-qualification screening to the …
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In the NewsOil & Gas
Fuel Prices Surge Nationwide as Dangote-Linked MRS Raises Pump Price to N1,267/Litre
KEY POINTS Dangote Refinery-backed MRS Oil Nigeria Plc has raised its fuel pump price across the country following a recent increase in gantry price by Dangote Refinery. The refinery last …
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KEY POINTS Importers across the Gulf region are racing to find alternative supply routes following the effective shutdown of the Strait of Hormuz, a vital maritime corridor that supports the …
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KEY POINTS Nigeria imported petrol valued at N84.69 billion from Togo in the fourth quarter of 2025, according to newly released foreign trade statistics by the National Bureau of Statistics …
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In the NewsMarketsOil & Gas
Oil Prices Surge Above $100 as U.S.–Israel–Iran Conflict Fuels Global Supply Fears
KEY POINTS Oil prices extended their upward trajectory on Monday, as the ongoing conflict involving the United States, Israel, and Iran entered its third week, intensifying concerns over global supply …
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In the NewsOil & Gas
Diesel Prices Hit N1,700/Litre as Dangote Refinery Adjustment Triggers Nationwide Depot Hike
KEY POINTS Depot prices of Automotive Gas Oil, diesel, have surged sharply across Nigeria, climbing to as high as N1,700 per litre following a fresh price adjustment by the Dangote …
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KEY POINTS The Centre for the Promotion of Private Enterprise, CPPE, has raised concerns that the recent surge in energy prices could endanger the survival of small and medium-scale enterprises …
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In the NewsMarketsOil & Gas
NLC Urges Federal Government to Intervene as Petrol Prices Soar to N1,300 per Litre
KEY POINTS The Nigeria Labour Congress, NLC, has called on the Federal Government to urgently intervene following the sharp increase in petrol prices, which have climbed to between N1,230 and …
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KEY POINTS The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has called on the Federal Government to channel potential gains from rising global oil prices into the development …