Discover how an oil embargo in the 1970s inadvertently propelled the growth of wind energy! The 1973 Yom Kippur War led OPEC ...

Bonny Light crude oil reached about $70 per barrel as the country surpassed the quota set by the Organization of Petroleum Exporting Countries (OPEC) and its partners (OPEC+).

Nigeria’s foreign reserves have risen to $41 billion, a milestone last recorded nearly four years ago, with analysts crediting the ...

China Concord Resources aiming to produce 60,000 barrels per day by the end of next year ...

Nigerian crude prices rose on Monday after Ukraine stepped up attacks on Russia, fanning concerns that Russian oil supply could ...

OPEC 12 output for May 2025 was revised up by 34 kb/d, and June 2025 output was revised higher by 46 kb/d compared to last ...

Africa is set to add 1.2 million barrels per day (bpd) of new refining capacity by 2030, marking one of the fastest downstream expansions globally, according to the newly released 2025 OPEC World Oil ...

Crude oil prices are following Chinese growth with a one-year lag, and the same holds good for prices of corn, soyabean and ...

China Concord Resources Corp. has started developing two Venezuelan oilfields. The company plans to invest over $1 billion in ...

Nigeria and other petroleum refining countries in the African continent are set to add 1.2 million barrels per day (bpd) of new refining capacity by 2030, marking one of the fastest downstream ...

NNPCL is investing heavily in restoring key refineries, including those in Port Harcourt, Warri, and Kaduna, with the goal of ...

At the centre of this transformation is Nigeria’s 650,000-bpd Dangote Refinery, which began operations in 2024 and has already started reshaping West Africa’s fuel trade.