The U.S. Energy Information Administration (EIA) issued a warning on Monday that a colder-than-usual winter in the Northern Hemisphere could lead to tighter global natural gas supplies and push prices…
Petrol
Petrol, also known as gasoline, is a flammable liquid derived from crude oil. It serves as a primary fuel for internal combustion engines in vehicles. Its composition includes hydrocarbons and various additives, optimizing performance and emissions in modern engines.
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The Nigerian National Petroleum Company Limited (NNPC Ltd.) has issued a statement to clarify that there is no discrepancy between its reported crude oil production figures and those provided by…
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Fuel prices have witnessed a notable increase in Bhubaneswar over the past 24 hours. Petrol is now priced at Rs 101.11 per litre, marking a rise of 0.17 paise, while…
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Nigeria’s petroleum marketers have indicated that the price of Premium Motor Spirit (PMS), commonly known as petrol, could fall to between N900 and N1000 per litre by the upcoming Yuletide…
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West Texas Intermediate (WTI) crude oil prices are showing signs of downward momentum, with the commodity testing key resistance at the $70 per barrel mark. Currently, WTI is shifting focus…
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The Organization of the Petroleum Exporting Countries (OPEC) and the Russian Federation convened today for the Ninth High-level Meeting of the OPEC-Russia Energy Dialogue. Co-chaired by Alexander Novak, Deputy Prime…
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Gombe State Governor Muhammadu Inuwa Yahaya recently met with Mele Kyari, Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), to discuss the Kolmani Integrated Development Project and…
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The Nigerian National Petroleum Company Limited (NNPC Ltd.) has officially introduced its latest crude oil grade, the Utapate crude oil blend, to the international market. This announcement, made at the…
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Haitham Al Ghais, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), defended the role of crude oil and natural gas in the global economy during his speech…
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Petrol and diesel prices in Bhubaneswar saw an increase on November 21, 2024. Petrol prices climbed to Rs 101.11 per litre, while diesel reached Rs 92.69 per litre, reflecting a…