Report Reveals Dangote Refinery Sourced 60% Of Crude Locally   The Dangote Petroleum Refinery sourced an estimated 116 million barrels of crude oil from Nigeria in the 12 months ended June 30, 2026, with supplies coming from NNPC Limited, international oil companies, and domestic producers, according...

Global oil prices climbed above the $100-per-barrel mark on Wednesday for the first time since late July, driven by a sharp escalation in hostilities between the United States and Iran that heightened fears of further disruptions to crude supplies.

Nigeria’s oil revenue could plunge by more than 60 per cent from 2030 as global demand for crude oil declines, heightening the risk of fiscal and economic instability in the country, a report has warned.

Dangote Hikes Petrol Price as Crude Oil Hits $93   The Dangote Petroleum Refinery has raised its Premium Motor Spirit (petrol) gantry price by N20 per litre, from N1,165 to N1,185 per litre. The new price will take effect from midnight on August 21, 2026, according...

India Purchases 4m Barrels of Nigerian Crude Amid US-Iran Tensions   India’s state-owned Hindustan Petroleum Corporation Limited has recently bought a total of four million barrels of Nigerian crude as the country’s refiners intensify efforts to secure alternative supplies amid the US-Iran crisis and disruptions to...

Nigeria’s premium crude grades are facing their toughest competition in years as cheaper oil from Brazil and Guyana floods European markets.