As of today, November 18, 2024, oil marketing companies (OMCs) have updated the prices for petrol and diesel, a regular practice carried out daily at 6 a.m. The fluctuations in…
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The Dangote Petroleum Refinery has reached an agreement to supply 60 million litres of Premium Motor Spirit (PMS) weekly to members of the Independent Petroleum Marketers Association of Nigeria (IPMAN),…
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Natural gas prices maintained their upward trajectory today, opening with a bullish gap and surging above the $2.830 mark. The commodity saw further gains, reaching a high of $2.940. As…
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Brent crude oil experienced significant losses last Friday, breaking below the $72.06 mark to edge closer to the anticipated target of $70.65. This downward trend reinforces forecasts of continued price…
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Executives from major oil companies gathered in Baku on Friday for “Energy Day” at the COP29 climate summit, as environmental groups expressed outrage over the continued presence of fossil fuel…
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President-elect Donald Trump has appointed North Dakota Governor Doug Burgum to head the U.S. Interior Department, signaling a sharp pivot towards expanding oil and gas drilling on federal lands and…
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U.S. oil giant Exxon Mobil Corp. (NYSE) announced Wednesday that it has produced 500 million barrels of oil from Guyana’s offshore Stabroek block, reaching this milestone just five years after…
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Nigeria’s 2025 budget is facing significant challenges as the Federal Government aims to rely heavily on oil revenue, but OPEC’s production quotas and global market fluctuations cast a shadow over…
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Global and U.S. oil production are expected to reach slightly higher record levels than previously predicted this year, according to the U.S. Energy Information Administration (EIA). Despite this surge in…
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Mid-month data from the Central Energy Fund (CEF) suggests that South African motorists could see a mixed bag of fuel price changes as December approaches, with petrol set for a…