Dangote Refinery has explained petrol price increase, citing 15% rise in international crude oil prices as the main cause.

Indian state refiners have asked Abu Dhabi National Oil Co (ADNOC) to offer pricing of its crude on a delivered basis to ...

The Dangote Refinery has absorbed itself of blame for the recent price increases, stating that the hike was due to a rise in ...

China's crude oil surplus grew significantly in 2024 due to stockpiling of discounted Russian oil, potentially mitigating the ...

China's crude oil imports from Russia hit a record high in 2024, while imports from Saudi Arabia declined, reflecting a shift in China's sourcing strategy amid geopolitical tensions and sanctions.

As Russian discounts fall to below $5 per barrel, GRMs of India public sector OMCs have already declined by about 80% in FY25 ...

China, the world's biggest crude importer, had excess crude oil of about 1.5mln bpd in December, down from 1.77mln bpd in ...

THE Organisation of Petroleum Exporting Countries, OPEC, has put its 2025 economic growth at 3.1 per cent, painting a picture ...

Petroleum Engineer and Oil and gas analyst, Dr Bala Zakka, has criticised the Federal Government for failing to shield Nigerians ...

Dangote Refinery has announced a new retail price for Premium Motor Spirit (PMS), with key distribution partners MRS Oil, ...

The Nigeria Labour Congress has frowned on the recent hike in the pump prices of Premium Motor Spirit, popularly called ...

A Federal High Court in Abuja has received an answer from NMDPRA on the justification for granting licenses for oil imports ...