crude oil

KEY POINTS Dangote Petroleum Refinery & Petrochemicals (DPRP) has strongly refuted reports suggesting that it imports finished petroleum products, describing the claims as false, misleading, and rooted in a fundamental …

KEY POINTS Global oil prices held steady on Monday, remaining above Nigeria’s 2026 budget benchmark of $64.85 per barrel, as supply disruptions and rising geopolitical tensions in the Middle East …

KEY POINTS Nigeria’s non-oil exports rose to an unprecedented N9.2 trillion in the first nine months of 2025, underscoring how currency reforms and pricing dynamics are altering the country’s external …

KEY POINTS Oil prices drifted lower on Tuesday as traders stepped back to reassess the fragile mood around the Russia–Ukraine peace track, while fresh signals of rising stockpiles and wider …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPCL, is confronting an increasingly heavy debt burden, with crude-backed loan obligations now estimated at N8.07tn. The figure, drawn from the company’s …

KEY POINTS Nigeria’s crude oil production eased in October as facility maintenance across several offshore assets weighed on output, even as the state oil company posted a sharp rise in …

KEY POINTS Nigeria’s crude oil output in October reached 1.401 million barrels per day, marginally higher than September’s 1.39 million barrels per day, according to the latest Organisation of Petroleum …

KEY POINTS Nigerian crude prices held firm on Wednesday as data showed that US oil and fuel inventories dropped more than expected, offering a fresh spark to global oil markets. …

KEY POINTS Oil prices extended their decline on Wednesday, clinging to five-month lows amid mounting anxiety over a renewed US-China trade spat and forecasts of an impending supply glut that …

KEY POINTS As it strives to meet ambitious output targets and draw in foreign investment, Nigeria’s oil production has surged to its highest level in six months, a development that …