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.

Dangote refinery explains petrol price hike amid surge

EditorJanuary 19, 2025January 19, 2025

by EditorJanuary 19, 2025January 19, 202503

Dangote refinery explains petrol price hike amid surge By Yunus Yusuf Dangote Refinery says the recent adjustment in the ex-depot price of Premium

Energy Gas Oil

BP to cut 4,700 jobs to reduce costs

EditorJanuary 17, 2025

by EditorJanuary 17, 2025034

Photo caption: BP logo Oil giant BP is to cut about 4,700 staff, more than 5% of its total workforce, as part of its

Energy Oil

Oil prices climb on supply fears, Fed rate cut hopes

EditorJanuary 17, 2025

by EditorJanuary 17, 2025034

Photo caption: Oil Oil prices climbed on Friday, heading for a fourth weekly gain, driven by concerns over tighter supply following U.S. sanctions on

Energy Gas Oil

Dangote Refinery projects 650,000bpd by June, plans crude import

EditorJanuary 17, 2025

by EditorJanuary 17, 2025029

Photo caption: Dangote Refinery *Facility now producing 500,000bpd as officials look beyond Nigeria to meet demand for product The Dangote Petroleum Refinery is

Energy Oil

PENGASSAN projects petrol price hike as crude cost rises

EditorJanuary 17, 2025

by EditorJanuary 17, 2025027

Photo caption: PENGASSAN President, Festus Osifo. The National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has

Energy Gas Oil

Eni awards 30 post graduate scholarship to Nigerian graduates

EditorJanuary 17, 2025

by EditorJanuary 17, 2025029

Photo caption: Vice Chairman and Managing Director of NAE, Fabrizio Bolondi and Deputy Managing Director, Dr. Richard Orianzi, presenting the award to some beneficiaries.

Energy Gas Oil

Board appoints Adeosun as new MD/CEO Eterna Plc

EditorJanuary 17, 2025

by EditorJanuary 17, 2025034

Photo caption: Olumide Adeosun By Emeka Ugwuanyi The Board of Directors of Eterna Plc has appointed Mr. Olumide Adeosun as the new Managing Director/Chief

Business Energy Featured Gas Oil Petrochemicals

Eterna Plc appoints Olumide Adeosun as New MD/CEO

EditorJanuary 16, 2025January 16, 2025

by EditorJanuary 16, 2025January 16, 2025016

Eterna Plc appoints Olumide Adeosun as New MD/CEO By Yunus Yusuf Eterna Plc’s Board of Directors has announced the appointment of Mr. Olumide Adeosun

Energy Gas Oil

New York City lawsuit against Exxon, BP, Shell over climate change dismissed

EditorJanuary 16, 2025

by EditorJanuary 16, 2025018

Photo caption: Shell, Exxon logos A judge has dismissed New York City’s lawsuit seeking to hold Exxon Mobil, BP and Shell liable for misleading

Energy Gas Oil

Nigeria’s oil rig count increases to 32, says NUPRC

EditorJanuary 16, 2025

by EditorJanuary 16, 2025019

Photo caption: NUPRC Chief Executive, Gbenga Komolafe The Nigerian Upstream Petroleum Regulatory Commission says the country’s oil rig count has risen to 32. The

April 2019 Edition