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Oil Sales: Saudi Arabia Dumps 50-year-old Deal with US

Saudi Arabia has announced its decision not to renew its 50-year petro-dollar agreement with the United States, which had mandated oil sales exclusively in US dollars. This agreement expired on June 9, 2024. 
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Agbese: Navy Has Surpassed Expectations In Oil Theft Prevention

According to Rep. Philip Agbese, the Deputy Spokesman of the House of Representatives, the Nigerian Navy has surpassed expectations in maritime security, anti-piracy operations, and crackdown on oil theft menace. 
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Oil Price Increases 1%, Reverse 4 Day Losing Streak

The price of oil ended a four-day losing streak by rising 1 percent on Friday, but fell for the week on concerns that strong US economic data would keep interest rates high. 
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IPMAN To Shutdown Stations Nationwide If N200bn Debt Remains Unpaid

The Independent Petroleum Marketers Association (IPMAN) has issued a stern warning that it will shut down its 30,000 stations nationwide if the Federal Government's outstanding debt of N200 billion isn't settled promptly. 
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Dangote Cuts Diesel, Aviation Fuel Prices Down to N940, N980

Yesterday, Dangote Petroleum Refinery further reduced the prices of both diesel and aviation fuel to N940, N980 per litre respectively.
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Oil: Nigeria Might Miss Out On $100 Per Barrel

Nigeria, Africa's largest oil producer, may not reap a windfall from the recent rise in oil prices at $100 per barrel. 
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