Energy

Russia temporarily banned exports of diesel in a bid to stabilize domestic supplies, driving European prices higher in already tight global fuel markets. So far...

Oil prices fell in early Asian trade on Thursday after falling by the most in a month in the previous session on US interest...

Oando Plc, one of Nigeria’s indigenous energy solutions providers has posted a N32.9 billon profit-after-tax in its full-year-ended 2021 financials. 2023 has seen the company...

A pro-northern bias which took root within state-owned Nigerian National Petroleum Corp or NNPC under former president Muhammadu Buhari led to a lack of...

Oil prices rose in early trade on Wednesday, hovering near 10-month highs hit the previous day, as a bigger-than-expected draw in U.S oil stockpiles...

Exxon Mobil has pledged new production of nearly 40,000bpd oil production in phase one of a new investment push in Nigeria. In an audience with...

The Dangote Refinery is set to start diesel and jet fuel refining operations by October 2023 and petrol refining by November 2023, as the...

The Nigerian National Petroleum Company Limited (NNPCL) has sent all management staff with less than 15 months to statutory retirement on compulsory early retirement. A statement...

Oil surged to a 10-month high — extending a powerful rally that may rekindle inflation — as supply cuts from OPEC+ tightened the market, with...

The Federal Inland Revenue Service (FIRS) has recovered more than N4 trillion tax liabilities from the Nigeria National Petroleum Company Limited (NNPCL). It has also...