GLOBAL oil prices settled around $68 per barrel on June 25, after nearly reaching $80 just days earlier during the tensions ...

Motorists and transporters are now hoping that further reductions will follow if global crude oil prices continue to fall in ...

OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at ...

More companies, governmental entities and regular people have been joining a class-action lawsuit in federal court involving allegations that some of the country’s largest oil producers have colluded ...

The Dangote Petroleum Refinery says several oil marketing companies have joined its distribution network.In a statement on ...

AFTER a hefty price increase in petroleum products last week, oil companies announced Monday that pump prices will drop by more than P1 per liter this week. Motorists will enjoy a P1.40 per liter ...

The refinery’s ability to unilaterally set prices or utilise penetration pricing strategies to eliminate competitors raises ...

Nigeria has been left out of OPEC’s 548,000 bpd crude output increase due to poor production despite incentives and projections.

Despite the ex-depot petrol price reduction by the Dangote Petroleum Refinery on Monday, many marketers have refused to adjust their pump prices, saying they could run into losses.

Low global oil stockpiles were a major motivating factor in prompting OPEC+ members to raise production by 548,000 barrels ...

OPEC+ agreed on Saturday to raise production by 548,000 barrels per day (bpd) in August, further accelerating output ...

Gas prices drop ahead of Independence Day, with Chicago's average at $3.65 and the national at $3.16 per gallon.