Dangote Refinery Got 22% of June Crude From Foreign Sources   The Dangote Petroleum Refinery sourced about 78 per cent of its crude oil feedstock from the Nigerian National Petroleum Company Limited (NNPCL) and other indigenous producers between May and June 2026. Data from the refinery’s official...

Global oil prices climbed more than 2% on Tuesday after attacks on commercial vessels near the Strait of Hormuz reignited fears of supply disruptions through one of the world’s most critical energy shipping routes.

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has approved another 188,000 barrels per day (bpd) increase in oil production quotas for August 2026, continuing its phased plan to gradually restore crude supplies. 

Crude Oil Falls Below $72 as Petrol Remains Above N1,000   Crude oil prices dropped to $71.21 on Wednesday even as the Nigerian National Petroleum Company Limited (NNPCL) and other fuel marketers retained petrol prices above N1,000 per litre. According to Oilprice.com, Brent crude fell further to...

Nigeria exported about 148.9 million barrels of crude oil worth ₦20.22 trillion in the first five months of 2026, according to figures from the Central Bank of Nigeria (CBN).

Dangote Slashes Petrol Price by N50 Following Crude Drop   The Dangote Petroleum Refinery has reduced its petrol gantry price by N50 per litre, lowering it from N1,175 to N1,125 per litre following the further decline in global crude oil prices amid easing tensions in the...