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.

Oil prices stable ahead of US-China trade talks

EditorJune 9, 2025

by EditorJune 9, 2025094

Photo caption: Oil -Oil prices were little changed on Monday as investors awaited U.S.-China trade talks in London in the hope that a deal

Dangote Refinery boosts U.S. crude oil purchases

EditorJune 6, 2025

by EditorJune 6, 2025075

Photo caption: Dangote Refinery The Dangote oil refinery in Nigeria, Africa’s largest crude processing facility, has been buying increasing volumes of U.S. crude WTI

Energy Oil

Brent crude climbs over $1 on US-China talks

EditorJune 6, 2025

by EditorJune 6, 2025052

Photo caption: Oil Brent crude rose more than $1 a barrel on Friday morning and oil prices were on track for their first weekly

Energy Oil

Oil steady as OPEC+ hikes output while wildfires curb Canadian supply

EditorJune 4, 2025

by EditorJune 4, 2025068

Photo caption: Oil Oil prices held steady on Wednesday amid global trade tensions and as ongoing OPEC+ output increases were offset by a hit

Energy Oil

Low taxation responsible for cheaper Nigerian fuel — MEMAN

EditorJune 3, 2025

by EditorJune 3, 2025082

Photo caption: MEMAN logo The Major Energies Marketers Association of Nigeria has identified low taxation as one of the primary reasons fuel is cheaper

Energy Oil

Crude below $65 squeezes U.S. shale, even as drivers celebrate

EditorJune 3, 2025

by EditorJune 3, 2025068

Photo caption: Crude oil Crude prices lingering below $65 are benefiting U.S. consumers at the pump, but they’re squeezing shale producers. Key shale players

Energy Oil

Oil prices extend gains on supply worry

EditorJune 3, 2025

by EditorJune 3, 2025088

Photo caption: Oil Crude oil prices extended their climb that began Monday as concerns about supply security deepened. At the time of writing, Brent

Energy Gas Oil

Tinubu signs executive order to boost investment, cut production cost in Nigeria’s oil and gas sector

EditorJune 2, 2025

by EditorJune 2, 20250132

Photo caption: President Bola Tinubu Nigeria’s President Bola Tinubu has signed an executive order designed to reduce costs and increase revenue from oil and

Energy Oil

Oil leaps more than 3% after OPEC+ keeps output increase unchanged

EditorJune 2, 2025

by EditorJune 2, 20250144

Photo caption: Oil Oil prices jumped by about 3% on Monday after producer group OPEC+ kept output increases in July at the same level

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Expert urges FG to foster sustainable growth in oil, gas sector

EditorJune 2, 2025June 2, 2025

by EditorJune 2, 2025June 2, 20250169

Expert urges FG to foster sustainable growth in oil, gas sector By Yunus Yusuf Professor Emeritus of Petroleum Economics, Louisiana State University, Prof. Wumi

April 2019 Edition