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.

Crude producers diverting 500,000bpd meant for local refineries, PETROAN alleges

EditorFebruary 5, 2025

by EditorFebruary 5, 2025063

Photo caption: National President, Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gillis-Harry The Petroleum Products Retail Outlets Owners Association of Nigeria has

Marketers may dump NNPCL as price war with Dangote rages

EditorFebruary 5, 2025

by EditorFebruary 5, 20250104

Photo caption: Dangote Refinery Some oil marketers are beginning to change the logo of the Nigerian National Petroleum Company Limited on their filling stations,

Energy Oil

Oil dips amid rising US crude inventories, Sino-US tariff war

EditorFebruary 5, 2025

by EditorFebruary 5, 2025063

Photo caption: Oil Oil prices dipped on Wednesday as rising U.S. stockpiles and concern about a new Sino-U.S. trade war fuelled fears of weaker

Energy Oil

Oil prices under pressure from the US-China trade war

EditorFebruary 4, 2025

by EditorFebruary 4, 20250102

Photo caption: Oil WTI crude oil prices settled at $58.43 a barrel or 0.3 percent lower than the current level, while crude oil prices

Energy Gas Oil

Shell starts up new facility in UK North Sea, restoring production from the Penguins field

EditorFebruary 4, 2025

by EditorFebruary 4, 2025064

Photo caption: Shell logo Shell has restarted production at the Penguins field in the UK North Sea with a modern floating, production, storage and

Energy Oil

Oil prices climb after US tariffs spark supply disruption fears

EditorFebruary 3, 2025

by EditorFebruary 3, 20250130

Photo caption: Oil Oil prices jumped on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of crude

Energy Oil

Marketers bear losses on imported fuel as Dangote slashes price

EditorFebruary 3, 2025

by EditorFebruary 3, 20250156

Photo caption: Dangote Refinery The decision by the Dangote Petroleum Refinery to reduce the ex-depot price of Premium Motor Spirit (petrol) on Saturday night

Business Energy Featured Gas Metro Oil Petrochemicals

Crude Oil supply: Allocate more licenses, improve financing for exploration, experts urge FG

EditorFebruary 2, 2025February 2, 2025

by EditorFebruary 2, 2025February 2, 20250146

Crude Oil Supply: Allocate more licenses, impprove financing for exploration, experts urge FG By Yunus Yusuf Some oil and gas experts have called on

Business Energy Featured Gas Metro Oil Petrochemicals

Dangote Refinery crashes petrol price to N890

EditorFebruary 1, 2025February 1, 2025

by EditorFebruary 1, 2025February 1, 20250167

Dangote Refinery crashes petrol price to N890 By Yunus Yusuf Dangote Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known

Energy Gas Oil

Sustainable Capital acquires 9.96% stake in Seplat Energy

EditorJanuary 31, 2025

by EditorJanuary 31, 20250172

Photo caption: Seplat Energy logo Sustainable Capital Ltd, a Mauritius-based investment firm, has acquired a significant 9.96 per cent stake in Seplat Energy Plc,

April 2019 Edition