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 sells 12 cargoes (456,000 tonnes) of petrol to Cote d’Ivoire, Cameroon, Tanzania, Ghana and Togo

EditorMarch 22, 2026March 22, 2026

by EditorMarch 22, 2026March 22, 20260279

Photo caption: Dangote Refinery By Emeka Ugwuanyi The Dangote Petroleum Refinery has strengthened Nigeria’s presence in the regional energy market with the successful sales

Oil prices to rise further on Monday as Mideast war escalates

EditorMarch 22, 2026

by EditorMarch 22, 20260225

Photo caption: Oil *Trump gives Iran 48-hour ultimatum to reopen Hormuz * Trump threatens to obliterate Iranian power plants * Iran says to respond

Energy Oil

Dangote increases petrol price to N1,275/litre

EditorMarch 21, 2026March 21, 2026

by EditorMarch 21, 2026March 21, 20260127

Photo caption: Dangote Refinery Barely hours after increasing its gantry price for the fourth time in the month of March, the Dangote Petroleum Refinery

Energy Oil

Iran war’s energy impact forces world to pay up, cut consumption

EditorMarch 21, 2026

by EditorMarch 21, 20260181

Photo caption: Prices are seen at a gas station on Capitol Hill amid the U.S.-Israeli war with Iran, in Washington, D.C., U.S., on 19 March 2026.

Energy Oil

Buyers scramble for seaborne oil as Middle East war continues

EditorMarch 20, 2026

by EditorMarch 20, 20260189

Photo caption: Oil tanker The most immediate buffer to avoid oil supply shortages—crude in floating storage—is being depleted at a rapid rate as buyers

Energy Oil

Oil falls as US, allies discuss efforts to boost supply and open Strait of Hormuz

EditorMarch 20, 2026

by EditorMarch 20, 20260230

Photo caption: A pump jack operates outside of Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman Oil prices fell over 1 per cent on Friday

Energy Oil

Why petrol prices in Nigeria increase rapidly but take longer time to decline, by MEMAN

EditorMarch 19, 2026March 19, 2026

by EditorMarch 19, 2026March 19, 20260463

Photo caption: MEMAN logo The Major Energy Marketers Association of Nigeria has explained why petrol prices in Nigeria often rise rapidly but take longer

Energy Oil

Dangote imported $3.74bn crude in 2025 – CBN

EditorMarch 19, 2026

by EditorMarch 19, 20260214

Photo caption: Dangote Refinery Nigeria recorded crude oil imports worth $3.74bn linked to operations of the Dangote Petroleum Refinery in 2025, highlighting a major

Energy Oil