In the News

Brent crude rose above $101 a barrel as tanker attacks near Hormuz and a Gulf of Mexico hurricane threatened supply despite emergency stock releases.

KEY POINTS Eni says it is working to keep petrol and diesel prices at sustainable levels, stressing that its current price cap is designed to protect consumers from sharp increases …

KEY POINTS Dangote Petroleum Refinery and Petrochemicals FZE has opened part of its planned initial public offering to investors in East Africa, with the regional offer expected to raise up …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has opened 40 oil blocks for its 2026 licensing round as the Federal Government steps up efforts to attract new investment …

KEY POINTS Former Eskom national spokesperson and communications specialist Khulu Phasiwe has died at the age of 52, bringing an end to a career that placed him at the centre …

KEY POINTS The Dangote Petroleum Refinery has stopped selling Premium Motor Spirit, commonly known as petrol, to major oil marketers that continue to import petroleum products into Nigeria. The decision …

KEY POINTS British energy giant bp has reaffirmed its commitment to the Middle East even as it restructures its global business and sells several assets to reduce debt and focus …

Nigeria opened its 2026 licensing round with 40 oil blocks across land, shallow water and deepwater, and will require bidders to disclose their owners.

Dangote Refinery has cut its diesel gantry price by N80 to N1,700 a liter, its second reduction this month, as crude and import costs ease.

Oil prices slipped Tuesday, with Brent crude hovering near $100 a barrel, as a Group of Seven plan to release emergency reserves and a pickup in Middle East exports took …