Oil Prices Rise as US‑Israel War with Iran Disrupts Supply
Tokyo: Oil prices rose on Monday, as the U.S.-Israeli war with Iran continued to disrupt global supplies following the Easter holiday weekend. Brent crude futures rose $2.4, or 2.2%, to…
Tokyo: Oil prices rose on Monday, as the U.S.-Israeli war with Iran continued to disrupt global supplies following the Easter holiday weekend. Brent crude futures rose $2.4, or 2.2%, to…
Global energy markets entered their most severe disruption in decades after the United States and Israel launched a large-scale air campaign against Iran on Saturday, prompting Iranian retaliation across the…
Executive order redirects 30% NNPC deductions and gas flare penalties, unlocking billions for FAAC allocations Abuja: President Bola Tinubu’s Feb. 13 executive order suspending 30% NNPC deductions and redirecting gas…
Abuja: President Bola Ahmed Tinubu has signed a new Executive Order to improve fiscal discipline in Nigeria’s oil and gas sector. The government says this will make the process more…
Abuja: Nigeria’s state-owned oil company, NNPC Ltd, reported an after-tax profit of 5.76 trillion naira ($4.26 billion) for 2025, maintaining strong earnings despite production challenges late in the year. The…
Abuja: Nigeria’s state‑owned refineries have been officially shut down after internal reviews revealed they were operating at “monumental losses” and destroying value for the country, the Nigerian National Petroleum Company…
Diezani Alison-Madueke, Nigeria’s former petroleum minister, is alleged to have funded luxury spending in London with bribes from businessmen seeking oil contracts. She denies all charges Toye Faleye, BBC A…
Abuja: The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the daily domestic supply of Premium Motor Spirit (PMS) rose to 74.2 million litres/day (ml/d) in December 2025. This…
Owerri, Imo State: A simmering dispute over oil revenue has thrown the Achi Mbieri community in Mbaitoli Local Government Area of Imo State into turmoil, with stakeholders demanding transparency and…
Abuja: President Bola Tinubu has forwarded 21 names to the Senate for confirmation as board members of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream…