Asia’s Crude Imports Recover As Refined Fuel Supply Remains Tight

Asia’s crude imports are rising as Strait of Hormuz flows recover, but volumes remain below pre-conflict…

Drone Attack Kills Three, Damages Moscow Oil Refinery

Russian authorities reported three deaths after a large drone attack struck the Moscow region and damaged…

Ghana Cuts Fuel Exports to Burkina Faso and Mali

BOST Energies has reduced fuel exports to Burkina Faso and Mali to prioritise Ghana’s domestic supply.…

Dangote Refinery Targets 1.4m bpd Expansion

Dangote Refinery processed 700,000 barrels of crude oil per day during a performance test, surpassing its…

FG Shifts 15% Petrol, Diesel Import Duty to 2026 After Stakeholder Pushback

The Federal Government has approved the postponement of the implementation of the 15 per cent import…

Nigerian Industries Exit Grid Amid Power Crisis

Unreliable power supply has forced over 40 per cent of Nigerian industries off the national grid.…

Brent Crude Surge May Push Up Fuel Prices in Nigeria

Petrol prices in Nigeria may rise following a recent surge in Brent crude prices. On January…

Nigerian Government Announces VAT Exemptions on Diesel, CNG, LNG and EVs

The Federal Government of Nigeria has unveiled value-added tax (VAT) exemptions on several essential energy products,…