Canol Integrated Energy Ltd

12/10/2026

Macron says Russia yet to observe energy truce.

French President Emmanuel Macron says Russia has not observed any energy truce, stating it continues to bomb Ukrainian energy infrastructure.

12/10/2026

Crude Oil Brent Price today : $104.47 per Barrel.

11/10/2026

10/10/2026

His comment came amid calls for the return of the fuel subsidy. Opposition figures have announced different proposals, including a production subsidy for refineries in the country.

He explained that though Nigeria produces 1.8 million barrels of crude oil daily presently, “that does not belong to Nigeria alone."

10/10/2026

Crude Oil Brent Price today : $104.72 per Barrel.

10/10/2026

Nairametrics
Nigeria recorded the world’s highest diesel price increase, at 82.7%, between February and August 2026, according to the United Nations Conference on Trade and Development (UNCTAD).

Nigeria recorded the world’s highest diesel price increase, at 82.7%, between February and August 2026, according to the United Nations Conference on Trade and Development (UNCTAD).

09/10/2026

State-owned oil firm, the Nigerian National Petroleum Company (NNPC) Limited, has clarified that its ongoing nationwide fuel discount program is a temporary relief measure for consumers, not a quiet reintroduction of petrol subsidies.

The clarification comes as geopolitical tensions in the Middle East drive global crude oil prices higher, placing renewed pressure on domestic pump prices, household budgets, and operational costs for businesses across Nigeria.

09/10/2026

U.S. Oil Drilling Continues to Inch Upward

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday

09/10/2026

NUPRC CEO says 128 drilling, 77 re-entry oil wells approved in 2026

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has approved 128 wells for drilling and the re-entry of 77 wells in 2026 as part of efforts to boost Nigeria’s oil and gas production.

Oritsemeyiwa Eyesan, chief executive officer (CEO) of the commission, spoke on Thursday at the Nigerian Association of Energy Correspondents (NAEC) conference, themed “Access to Assets: Empowering Players and Driving Growth”.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has approved 128 wells for drilling and the re-entry of 77 wells in 2026 as part of efforts to boost Nigeria’s oil and gas production.

09/10/2026

Crude Oil is Underpriced, Energy Aspects Says

Energy Aspects’ Amrita Sen says oil futures are ignoring Middle East disruption and some physical crude should trade near $150 a barrel.