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[ June 24, 2026 ] FG mobilises EFCC, DSS, police to tackle LPG hoarding, diversion News
[ June 24, 2026 ] NUPRC, Defence target 1.8mbpd growth with new oil assets security strategy News
[ June 23, 2026 ] Sub-$80 oil tests Nigeria’s deregulation resolve News
[ June 23, 2026 ] Nigeria eyes LPG imports to close 165,000MT supply gap News
[ June 22, 2026 ] PTDF seeks stronger talent pipeline for oil industry growth News

ERA/FoEN demands legislative action to hold divesting IOCs accountable

Port Harcourt — The Environmental Rights Action/ Friends of the Earth Nigeria, ERA/FoEN, has charged the National Assembly to start a legislative process that will hold IOCs accountable for environmental damages in the Niger Delta, […]

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OPEC+ unlikely to change output policy at April 3 meeting

*The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC’s headquarters in Vienna, Austria April 9, 2020. REUTERS/Leonhard Foeger – OPEC+ JMMC meets on Wednesday at 1100 GMT– Producers […]

NUPRC joins industry stakeholders to address stability, sustainability in oil & gas sector

*A cross section of participants at the 2024 Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum Lagos — The 2024 Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum kicked off in […]

Saudi Arabia may hike May crude oil prices to Asia

The expectation of higher prices comes after the backwardation structure in the Dubai benchmark narrowed by 33 cents a barrel in March versus February, Reuters data showed. When the market is in backwardation, prompt prices […]

Oil stays near five-month highs as tighter supply looms

Brent crude was 35 cents lower at $86.65 a barrel by 1230 GMT after rising 2.4% last week. U.S. West Texas Intermediate crude was at $82.87 a barrel, down 30 cents following a 3.2% gain […]

Baltimore fuel suppliers face logistical challenges after bridge collapse

A cargo ship smashed into the Francis Scott Key Bridge on Tuesday, causing parts of the bridge to collapse into shipping lanes at the mouth of the Port of Baltimore, and putting one of the […]

Russia’s Novak says there’s no need for diesel export ban

Russia has faced a steep reduction in oil refining capacity, crippled by technical outages and drone attacks. It banned exports of gasoline for half a year starting from March 1. Refining capacity shut down by […]

US drillers cut oil and gas rigs for second week in a row

*US weekly offshore rig count. News wire — U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since […]

‘Nigeria poised to surpass 2mb/d oil production capacity’

*Heineken Lokpobiri Mkpoikana Udoma Port Harcourt — Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has announced that Nigeria remains poised to surpass its projected 2,000,000 barrels per day crude oil production capacity. Lokpobiri […]

NUPRC to develop template for enforcement of Domestic Crude Supply Obligation

*Engr, Komolafe Oritsegbubemi Omatseyin Lagos — The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has instructed its enforcement committee to develop a template for the seamless implementation of the Domestic Crude Oil Supply Obligation, DCSO, within 48 hours. The directive was […]