Energy
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Oil traders bet millions minutes before Trump’s Iran talks post
Traders bet hundreds of millions of dollars on oil contracts just minutes before US President Donald Trump announced on Monday…
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Nigeria offers to help reduce energy security tension over Iran war
Minister of information, Mohammed Idris, has expressed Nigeria’s readiness to support world.stability, especially in the energy sector, in the face…
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NNPCL raises price of fuel twice in less than 24 hours
Seemingly following the trend, the Nigerian National Petroleum Company Limited, NNPCL, and other filling stations have raised the price of…
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Oil gains more ground after new Iran vows to burn ships passing through Strait of Hormuz
Oil prices added more gains on Tuesday after an Iranian official said his nation will “set fire to anyone who…
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OPEC+ raises oil output by 206,000 bpd
The Organization of Petroleum Exporting Countries (OPEC) and its allies have agreed to increase oil production by 206,000 barrels per…
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Oil refinery on fire in Cuba as fuel crisis worsens
A fire at an oil refinery in Cuba has been brought under control quickly, as the country faces a deepening…
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NNPC says Nigeria needs $22bn to expand gas pipeline network
The Nigerian National Petroleum Company (NNPC) Limited has said the nation will need about $22 billion in investment to expand…
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PETROAN threatens to push for removal of Ojulari as NNPC boss
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has slammed the group chief executive officer (GCEO) of the…
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British prosecutors say Alison-Madueke received luxury properties, items as bribes
British prosecutors have accuse, Nigeria’s former minister of petroleum resources Diezani Alison-Madueke of accepting bribes in the form of luxury…
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Dangote refinery raises ex-gantry petrol price by N100 to N799/litre
The Dangote Petroleum Refinery has jerked up the ex-gantry price of its premium motor spirit, also known as petrol, to…
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