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.

74 Chinese firms eye Nigeria’s oil sector

EditorMarch 11, 2025March 11, 2025

by EditorMarch 11, 2025March 11, 2025080

Photo caption: Oil platform About 74 Chinese companies have indicated interest in investing in Nigeria’s oil and gas sector. These companies are part of

Energy Oil

NNPC Ltd, Dangote Refinery begin talks on Naira-for-crude contract

EditorMarch 11, 2025March 11, 2025

by EditorMarch 11, 2025March 11, 20250111

Photo caption: NNPC Ltd, Dangote Refinery The Nigerian National Petroleum Company Limited has initiated fresh negotiations with the Dangote Petroleum Refinery over the renewal

Energy Oil

Oil recovers from multi-year low but Brent remains below $70

EditorMarch 6, 2025

by EditorMarch 6, 20250155

Photo caption: Oil Oil prices rose slightly on Thursday, recovering slightly from a multi-year low, though Brent was still below $70 under pressure from

Energy Oil

Optima Energy partners Dangote refinery on fuel distribution

EditorMarch 6, 2025

by EditorMarch 6, 20250193

Photo caption: Dangote Refinery Optima Energy has emerged as one of the partners of the Dangote refinery to distribute and sell its petroleum products. Optima

Energy Oil

Petrol cost to drop further as crude prices fall

EditorMarch 6, 2025

by EditorMarch 6, 2025099

Photo caption: Petrol pump The price of Premium Motor Spirit (petrol) may be on a downward slope if the crude oil prices continue to

Energy Oil

Oil drops for third day on OPEC+ output increase, Trump tariffs

EditorMarch 5, 2025

by EditorMarch 5, 2025088

Photo caption: Oil Oil prices declined for a third session on Wednesday, as investors worried about OPEC+ plans to proceed with output increases in

Energy Oil

Oil down on OPEC+ output increase, tariffs start and US pause on Ukraine

EditorMarch 4, 2025

by EditorMarch 4, 2025079

Photo caption: Oil Oil prices extended losses on Tuesday following reports that OPEC+ will proceed with a planned output increase in April and as

Energy Oil

PETROAN commends NNPC, Dangote over fuel price reduction

EditorMarch 4, 2025

by EditorMarch 4, 20250107

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

Energy Oil