Former Niger Delta militant leader and Chief Executive Officer of Tantita Security Services Limited, Government Ekpemupolo, popularly known as Tompolo, has accused the Nigerian Navy of complicity in oil theft…
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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IRPC Oil Company Limited has reaffirmed its dedication to ethical business practices by renewing its membership in the Thai Private Sector Collective Action Against Corruption (CAC). On November 11, 2024,…
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Crude oil prices rose on Wednesday, driven by growing demand signals from China and heightened geopolitical tensions following the latest escalation in the Russia-Ukraine conflict. Brent crude was trading at…
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Azerbaijan’s Minister of Energy, Parviz Shahbazov, held talks with Haitham Al Ghais, the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), on Tuesday. The meeting focused on key…
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Nigeria’s Dangote Refinery, owned by Africa’s wealthiest man, Aliko Dangote, has commenced the export of refined petroleum products to neighboring West African countries, marking a significant milestone for the country’s…
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Fuel prices in India are subject to daily revisions, with oil marketing companies (OMCs) announcing updates every morning at 6 a.m. The prices of petrol and diesel vary based on…
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Brent crude oil prices reached $73.90 but encountered significant resistance at this level, as market participants await a positive catalyst that could propel prices higher. A successful breach of this…
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Nigerians, grappling with the fallout from a recent fuel price hike by the Nigerian National Petroleum Company (NNPC) Limited, are beginning to see signs of relief. A gradual reduction in…
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Oil marketing companies (OMCs) continue to update fuel prices daily at 6 a.m., responding to fluctuations in global crude oil prices and currency exchange rates. Despite the inherent volatility in…
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WTI crude oil prices have gained momentum following a rebound from the support zone around $66.85 per barrel. The price is now approaching a critical zone in the middle of…