WASHINGTON: The US on Thursday (Mar 20) issued new Iran-related sanctions, targeting entities including for the first time a ...

Private depot owners have quickly adjusted their depot prices from N850 to N875 per litre following the announcement by ...

Analysts have said that the recent decline in headline inflation can be attributed to naira stability and a reduction in ...

The Federal Government’s Naira-for-crude panel is set to reconvene on Monday to deliberate on the continuation of its crude supply agreement with Dangote Refinery, amidst ongoing uncertainty over fuel ...

There are indications that the Federal Government's Naira-for-crude panel will be reconvening a meeting on Monday to consider continuation of the crude ...

Crude oil futures rise as US sanctions Iran, OPEC+ cuts output; natural gas, turmeric, jeera futures also traded.

Nigeria is bracing for a significant hike in petrol prices, with projections indicating that the cost per liter could soar to ...

The huge allocation of crude oil by the Nigerian National Petroleum Company Limited to its foreign creditors is a big challenge to the supply of the commodity to domestic refiners including the ...

Federal officials have sanctioned a Chinese oil refinery, as well as an oil storage facility and their owners to cut off ...

Phillips 66 offers greater diversification than competitors, with its substantial marketing, chemical, and midstream assets. While refining primarily drives near-term earnings, management prioritizes ...

The stepped up sanctions lifted crude oil prices, with West Texas Intermediate crude traded on the New York Mercantile Exchange up 1.8% at $68.38 a barrel, and international benchmark Brent up 1.8% at ...

A green iguana rests above the letters spelling Ecopetrol at the headquarters of Colombia’s largest company, located in the ...