Category : Oil

Latest and breaking oil news from various energy sector around the world. Our news analysis covers Fossil fuels and alternative energy

Why Oil News?

Oil has been the world’s most important source of energy since mid-1950s. Its products underpin modern society, supplying energy to power industry, heat homes, fuels for vehicles and various means of transportation to carry goods and people all over the world.

For this reason, it is important we stay informed on one of our high-priced goods to ensure our resources are safe and secured.

NMDPRA, stakeholders sensitise tanker drivers to curb rising petroleum accidents on highways

EditorMay 21, 2025May 21, 2025

by EditorMay 21, 2025May 21, 202507

NMDPRA, stakeholders sensitise tanker drivers to curb rising petroleum accidents on highways By Yunus Yusuf The Nigerian Midstream and Downstream Petroleum Regulatory Authority

Energy Oil

Oil jumps on possibility of Israeli attack on Iran

EditorMay 21, 2025

by EditorMay 21, 202507

Photo caption: Oil Crude oil prices have significantly risen due to reports of a potential Israeli attack on Iranian nuclear facilities, as indicated by

Energy Oil

Oil prices jump more than 1% on Middle East supply fears

EditorMay 21, 2025

by EditorMay 21, 202506

Photo caption: Oil Oil prices rose more than 1% on Wednesday after reports that Israel could be preparing to strike Iranian nuclear facilities raised

Business Education Electricity Energy Featured Finance Gas Metro Oil Petrochemicals

FG urges oil firms to ramp up production to meet OPEC quota

EditorMay 21, 2025May 21, 2025

by EditorMay 21, 2025May 21, 202505

FG urges oil firms to ramp up production to meet OPEC quota The Minister of State for Petroleum Resources, Gas Chief Ekperenkpo Ekpo on

Energy Oil

Marketers import N436bn petrol amid row with Dangote

EditorMay 20, 2025

by EditorMay 20, 2025027

Photo caption: Trucks at the Dangote Refinery A fresh wave of Premium Motor Spirit (petrol) importation into the country has made the row between oil

Energy Oil

Oil slips as markets weigh impact of US-Iran talks, demand

EditorMay 20, 2025

by EditorMay 20, 2025016

Photo caption: Oil Oil prices slipped on Tuesday as traders weighed the impact on supply from Russia-Ukraine peace talks and US-Iran negotiations, strong front-month

Energy Gas Oil

Savannah Energy grows revenue by 19% to $73.3m, increases Nigeria’s Stubb Creek production by 15% in Q1 2025

EditorMay 20, 2025

by EditorMay 20, 2025017

Photo caption: Savannah Energy By Emeka Ugwuanyi Savannah Energy PLC has released its Q1 2025 trading report. The Q1 2025 unaudited results showed a

Energy Oil

Dangote assures of petrol price stability despite the increase in crude oil price

EditorMay 20, 2025

by EditorMay 20, 2025019

Photo caption: Dangote Refinery By Emeka Ugwuanyi Dangote Petroleum Refinery & Petrochemicals reaffirms that despite the fluctuations in global crude oil prices, it has

Energy Oil

Oil prices drop as U.S. loses top AAA rating

EditorMay 19, 2025

by EditorMay 19, 2025021

Photo caption: Oil Moody’s downgraded the U.S. credit rating from AAA to Aa1, causing concerns about government debt and interest payments, which led to

Energy Oil