Entries by AllAfrica News: Petroleum

Nigeria: Oil Prices Surge to $84 As Supply Risk Deepens /in /by

[Daily Trust] Global oil prices soared on Tuesday, with Brent crude climbing above $84 per barrel, as escalating tensions in the Middle East heightened fears of prolonged conflict and potential disruptions to global supply.

Zimbabwe: Zimbabwe Energy Regulatory Authority Announces Fuel Price Hike /in /by

[New Zimbabwe] THE Zimbabwe Energy Regulatory Authority (ZERA) has announced a jump in diesel and petrol prices, effective March 4.

Nigeria: 2025fy – Dangote Cement Grows Profit By 109.2 Percent to N1.53trn /in /by

[This Day] Dangote Cement Plc has reported its full year ended December 31, 2025 result and accounts with a profit before tax of N1.53 trillion, representing an increase of 109.2 per cent from N732.54 billion reported in 2024 financial year.

Nigeria: Neiti Defends FG On Direct Remittance of Oil, Gas Revenues /in /by

[This Day] Abuja -- The Nigeria Extractive Industries Transparency Initiative (NEITI) has said President Bola Tinubu's recent issuance of Executive Order 9, mandating direct remittances of all revenues accruable to the government from oil and gas, was ...

Liberia: Govt Allays Fear – Says No Increase in Petroleum Prices Despite Middle East Conflict /in /by

[FrontPageAfrica] Monrovia -- The Ministry of Commerce and Industry, in consultation with the Liberia Petroleum Refining Company (LPRC), has issued its March 3, 2026, price circular, maintaining existing ceilings for petroleum products in both the whol...

Rwanda: Economists Warn of Oil Shock, Urge Spending Cuts /in /by

[New Times] Rwandans should start cutting non-essential spending and prepare for higher prices if Iran shuts the Strait of Hormuz, economists have warned.

Malawi: Middle East War Threatens Malawi’s Fuel, Fertiliser and Food Prices /in /by

[Nyasa Times] The ongoing war in the Middle East could soon be felt in the pockets of ordinary Malawians, with energy and economic experts warning that the country will not escape the shockwaves of rising oil and fertiliser prices.

Africa: Oil Prices Jump 9 Per Cent Amid Us/Israel War On Iran /in /by

[Premium Times] On Monday morning, Brent crude climbed 9 per cent to $79.41 per barrel from $72.87 on Friday -- a seven-month high -- based on figures from FactSet.

Liberia: LPRC Management Awards $5,000 to Basketball Team for Winning LBA First Division Title /in /by

[Liberian Investigator] - The Management of Liberia Petroleum Refining Company (LPRC ) has awarded $5,000 to the Oilers Basketball Team for winning the 2025 Liberia Basketball Association (LBA) First Division championship.

Nigeria: Oil&gas – Nigeria Tightens Local Content Rules, Rejects 186 Expatriate Slots /in /by

[Daily Trust] The Federal Government through the Nigerian Content Development and Monitoring Board (NCDMB) has stated that it approved 1,417 of the 1,603 expatriate quota applications it processed recently.