KEY POINTS Oil prices moved higher on Monday as investors digested the outcome of talks between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy, while keeping a close eye …
Markets
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KEY POINTS Libya’s Waha Oil Company says it has brought two new gas wells into operation at its Farigh field, marking a modest but important boost to the country’s natural …
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KEY POINTS Nigeria’s National Petroleum Company Limited, NNPCL, reported strong gains in 2025, with crude oil and gas production rising above expectations, officials said. Group Chief Executive Officer Bayo Ojulari …
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KEY POINTS Conoil Plc moved to reassure its investors this week, announcing a substantial dividend payout following a year of notable financial growth. At the company’s 55th Annual General Meeting …
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In the NewsMarketsOil & Gas
Dangote Refinery Opens Hotline to Report MRS Stations Overcharging for Fuel
KEY POINTS Dangote Petroleum Refinery is taking its new fuel price directly to the public, launching a hotline for consumers to report MRS retailers charging too much. The company announced …
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In the NewsMarketsOil & Gas
Heirs Energies Secures $750 Million Afreximbank Loan to Double Production
KEY POINTS Nigerian indigenous energy producer Heirs Energies has secured a major seven hundred and fifty million dollar financing facility from the African Export-Import Bank. The deal, signed in Abuja …
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In the NewsMarketsOil & Gas
Dangote Refinery Reshapes Nigerian Fuel Market with Aggressive New Pricing
KEY POINTS In a move set to directly impact the cost of living and transportation nationwide, the Dangote Petroleum Refinery has formally commenced the sale of petrol, known as Premium …
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KEY POINTS Oil markets shifted higher on Monday as geopolitical tensions injected a fresh dose of uncertainty into a market otherwise weighed down by oversupply concerns. The price rise followed …
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KEY POINTS A profound crisis is unfolding within Nigeria’s public finances, with newly released data revealing the federal government’s oil and gas revenue fell a staggering 62% short of target …
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In the NewsMarketsOil & Gas
Oil Heads for Second Weekly Loss as Swelling Supply Outlook Dulls Geopolitical Risk
KEY POINTS Oil prices slid again on Friday, leaving the market on course for a second consecutive weekly decline as expectations of rising supply from OPEC+ producers and the United …