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.

MEMAN warns 15% fuel import tariff may increase price beyond N1,000

EditorNovember 7, 2025November 7, 2025

by EditorNovember 7, 2025November 7, 20250377

MEMAN warns 15% fuel import tariff may increase price beyond N1,000 By Yusuf Yunus Major Energy Marketers Association of Nigeria (MEMAN) has warned

Energy Oil

Oil prices set to extend losing streak as floating storage soars

EditorNovember 7, 2025

by EditorNovember 7, 20250176

Photo caption: Floating oil tankers. Credit: Oilprice.com Crude oil prices were on course for another weekly decline today as worries about a supply overhang

Energy Oil

Oil heads for second weekly loss on lingering oversupply concerns

EditorNovember 7, 2025

by EditorNovember 7, 20250168

Photo caption: Oil Oil prices rose on Friday but remained on track for a second consecutive weekly loss after three days of declines on

Energy Oil

Nigeria will soon witness oil output boost, says NUPRC

EditorNovember 7, 2025

by EditorNovember 7, 20250231

Photo caption: Chief Executive, NUPRC, Gbenga Komolafe The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has expressed optimism that Nigeria’s crude

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EKEDC urges customers to take advantage of free prepaid metering programme

EditorNovember 6, 2025November 6, 2025

by EditorNovember 6, 2025November 6, 20250645

EKEDC urges customers to take advantage of free prepaid metering programme By Yunus Yusuf The Eko Electricity Distribution Company (EKEDC) has called on

Energy Oil

Oil price flattens on weak demand, oil glut

EditorNovember 6, 2025

by EditorNovember 6, 20250176

Photo caption: Oil Oil prices were largely flat early on Thursday, after settling at two-week lows in the previous session as pressure from weaker

Energy Oil

Oil edges up as investors assess US fuel demand

EditorNovember 5, 2025

by EditorNovember 5, 20250140

Photo caption: Oil Oil prices were little changed on Wednesday as investors digested weaker economic data from top oil importers and U.S. inventories pointing

Energy Oil

Oil demand to rise through 2032 as energy transition stalls

EditorNovember 5, 2025November 5, 2025

by EditorNovember 5, 2025November 5, 20250206

Photo caption: Oil *Global demand for crude oil is projected to continue increasing until at least 2032, according to a Wood Mackenzie report, indicating

Banking Business Editor's Picks Education Electricity Energy Entertainment Fashion Finance Gas Insurance Lifestyle Metro Oil Rail

Ijaw National Congress of the Americas Condemns Killing of Christians, Urges Dialogue Between Trump and Tinubu

EditorNovember 5, 2025November 5, 2025

by EditorNovember 5, 2025November 5, 20250388

Ijaw National Congress of the Americas Condemns Killing of Christians, Urges Dialogue Between Trump and Tinubu The Ijaw National Congress of the Americas

Energy Oil