Nigeria Upstream Petroleum Regulatory Commission, NUPRC, has vowed that it would not give divestment approval to any company that its process does not meet the considerations...
Nigeria foremost industrialist, Alhaji Aliko Dangote, has warned that Middle-East tensions driving global oil volatility could have prolong far-reaching consequences for Nigeria, African and global economies....
Oil prices dropped about 8% on Monday after U.S. President Donald Trump said he would postpone any military strikes against Iranian power plants for five days...
Benchmark Brent oil prices jumped above $119 a barrel on Thursday after Iran attacked energy facilities across the Middle East following Israel’s strike on its South...
Oil prices rose more than 5% on Wednesday after Iran’s Revolutionary Guards threatened to attack several energy facilities across the Middle East in retaliation, heightening the...
Oil prices rose more than 1% on Tuesday, as renewed Iranian attacks on the United Arab Emirates heightened concerns about the worsening outlook for global supply...
Europe is facing renewed gas supply pressure. Disruptions in the Strait of Hormuz and ongoing EU efforts to reduce reliance on Russian gas have exposed vulnerabilities...
Brent crude climbed past $100 a barrel on Friday as it became clear an Indian tanker did not sail through the Strait of Hormuz but had...
U.S. Energy Secretary Chris Wright said on Thursday that oil prices are unlikely to reach $200 a barrel, with President Donald Trump touting U.S. gains from...
Nigeria’s government is monitoring escalating tensions in the Middle East as it assesses potential risks to the country’s economic stability, the finance ministry said on Wednesday....
The African Energy Chamber (AEC) – the voice of the African energy sector – is calling for an industry-wide boycott of the upcoming Africa Energies Summit....
Oil prices eased as markets began to price in a remark that the Middle East conflict will end soon. Brent crude traded at $91.67 per barrel....
