Dangote Refinery supplied a record 172,000 barrels per day (bpd) of refined petroleum products to West African markets in September, as deliveries from the 700,000 bpd facility rose to their highest level on record. The September volume, which surpassed the previous record of 152,000 bpd recorded in August, was driven by shipments of gasoline, diesel…

Global sales of petrol-powered vehicles have fallen below half of new vehicle sales for the first time, as the Strait of Hormuz crisis and elevated gasoline and diesel prices accelerate the shift towards electric vehicles (EVs). According to data from automotive data and analytics provider Mobility Global, cited by Oilprice.com, sales of petrol-powered vehicles excluding…

Crude oil prices extended their decline on Tuesday as improving Middle Eastern oil flows and plans by the Group of Seven (G7) to release emergency stockpiles eased immediate concerns over global supply shortages. As at the time of writing at 08:15 (WAT), Brent crude was trading at $99.67 per barrel, down 0.65 per cent, while…

Dangote Petroleum Refinery has scheduled at least 276,000 metric tonnes of refined petroleum products for export, with cargoes destined for Ghana, France and other West African markets, according to a tanker report dated October 5. The export programme comprises 80,000MT of PMS, 88,000MT of AGO, 40,000MT of AGP, 66,000MT of Jet A1 and 2,000MT of…

At least 50 tankers carrying Iranian crude oil and other petroleum products are currently operating near Iran’s coastline, with the vessels affected by continued U.S. restrictions on the country’s maritime oil exports, according to shipping data from United Against Nuclear Iran (UANI). UANI, a U.S.-based non-profit and non-partisan policy organisation, identified the vessels in its…

Dangote Petroleum Refinery has reduced its Automotive Gas Oil (AGO), also known as diesel, gantry price by ₦80 per litre, lowering the rate from ₦1,780/litre to ₦1,700/litre, Petroleumprice.ng gathered. The new price will take effect from October 7, 2026, according to a notice issued to customers by the refinery. The price review represents a decline…

Dangote Petroleum Refinery has introduced new safety compliance requirements for trucks loading Premium Motor Spirit (PMS) at its gantry facilities, with operators required to complete the modifications by October 31, 2026. The refinery said the requirements are aimed at ensuring trucks are compatible with its loading system and preventing the release of petrol fumes during…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has opened the 2026 Nigerian Licensing Round, offering 40 oil and gas blocks across land, shallow water and deepwater terrains as Nigeria intensifies efforts to attract fresh upstream investment and increase crude oil and gas production. NUPRC Chief Executive Officer, Oritsemeyiwa Eyesan, announced the licensing round in Abuja…