crude oil

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, significantly reduced the amount owed to it by customers in 2025, as the state-owned energy company intensified efforts to recover outstanding …

Middle East crude exports hit their highest level since the Iran war began, led by a rebound in Saudi shipments through the Strait of Hormuz.

About half of Venezuela’s oil output now goes to the United States, with refineries taking more than 500,000 barrels a day, a US official says.

KEY POINTS The Dangote Petroleum Refinery has imported two cargoes of crude oil from the United Arab Emirates (UAE), marking the first time the facility has sourced crude from the …

KEY POINTS Dangote Refinery has increased the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦1,275 to ₦1,350 per litre. The latest adjustment represents about a …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has recorded its strongest crude oil trading performance in five years, reaching about 1.171 million barrels per day (mbpd) under the …

KEY POINTS Crude oil supply from the Nigerian National Petroleum Company, NNPC, Limited increased significantly in April 2026, with over 1.03 million metric tonnes delivered to the Dangote Oil and …

KEY POINTS Nigeria’s crude oil reserves fell slightly to 37.01 billion barrels as of January 1, 2026, down from 37.28 billion barrels recorded a year earlier, according to the Nigerian …

KEY POINTS Nigeria earned $31.54 billion from crude oil exports in 2025, according to data released by the Central Bank of Nigeria (CBN). The figure represents a 14.41 percent decline …

KEY POINTS Global crude oil prices closed the week ending March 20, 2026, at $112 per barrel, marking an 8.22% weekly increase. Brent Crude Futures have climbed more than 53% …