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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

‘Oil prices could rise further, but 2024 demand to slow sharply’

*Oil prices – Sees inventory draws in Q3, Q4 if OPEC+ keeps current targets– Trims 2024 demand growth forecast by 150,000 bpd– IEA and OPEC further apart on 2024 demand growth view London — OPEC+ […]

Oil and gas industry overall contract value up by 60% QoQ in Q2 2023

Lagos — The overall oil and gas industry’s disclosed contract value witnessed a significant quarter-on-quarter (QoQ) increase of 60% in Q2 2023, mainly driven by a mega contract for Qatar’s North Field South (NFS) LNG […]

Navy, NSCDC synergize to combat oil theft in Rivers

*NNS Pathfinder Commander, Commodore Desmond Igbo, and NSCDC Commandant in Rivers State, Basil Igwebueze Mkpoikana Udoma Port Harcourt — The Nigerian Navy has expressed its readiness to synergize with the Nigeria Security and Civil Defence […]

Oil prices fall as investors weigh China data against OPEC optimism

*Logo of the Organization of Petroleum exporting Countries – OPEC flags healthy oil market fundamentals in second half– US consumer prices rise moderately in July– China tips into deflation as efforts to stoke recovery falter […]

OPEC flags healthy oil market fundamentals in second half

*OPEC oil demand – Saudi Arabia tells OPEC it met voluntary cut pledge in July– OPEC raises forecasts for world economic growth– Forecasts on oil demand growth held steady London — Prospects for the global […]

Oil steadies ahead of US inflation data

*Oil prices – Brent and WTI benchmarks have been on rise since May– Inflation data awaited for clues on interest rates– Saudi and Russian output cuts add to supply concerns London — Oil prices steadied […]

Oil hits new highs as tighter supply offsets China demand concern

*An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS – API data shows US crude inventories rise, […]

OGFZA targets $15bn investments in five oil & gas free zones

*Special Adviser to the President on Trade and Investment, Mr. John Uwajumogu, and the Managing Director of OGFZA, Sen. Tijjani Kaura in Onne, Rivers State Mkpoikana Udoma Port Harcourt — Not less than $15billion investment […]

Illegal oil bunkering fire claims several lives in Rivers

*An illegal oil refinery site in the Niger Delta Mkpoikana Udoma Port Harcourt — Many persons have been feared dead following a fire incident at an illegal oil bunkering site around Okari Jetty, in Okrika […]

India’s July fuel demand up 1.9% year on year

*A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas/File Photo Bengaluru — India’s fuel consumption, a proxy for oil demand, rose […]