OPEC on Wednesday lowered its forecast for global oil demand growth in 2026, joining other forecasters such as the International Energy Agency in cutting expectations due to the Iran war. ...
Global oil supply will fall short of total demand this year as the Iran war wreaks havoc on Middle East oil production and drains inventories at an unprecedented pace, the ...
Dangote Refinery This is not about the Dangote Group that has redefined Nigeria's industrial sector. It is more about Aliko, the man whose vision and inspiration led to the ...
The United Arab Emirates on Tuesday said it was quitting OPEC, dealing a blow to the oil producers' group as an unprecedented energy crisis caused by the Iran war exposes ...
OPEC+ is likely to weigh a further oil output increase when eight members meet on Sunday, two OPEC+ sources said, a move that would position key producers to add more ...
Nigeria's state oil firm NNPC will begin exporting a new light, sweet crude grade called Cawthorne from March, an NNPC spokesperson said, adding to a recent recovery in output from ...
OPEC's oil output fell in January due to lower supply from Nigeria and Libya, a Reuters survey found on Monday, which offset increases in members including Venezuela after the U.S. ...
Diezani Alison-Madueke The corruption trial of Nigeria’s former Petroleum Minister, Diezani Alison-Madueke, continued on Wednesday in London at Southwark Crown Court where jurors were told how Alison-Madueke received cash and ...
Nigeria approved 28 new Field Development Plans (FDPs) valued at N18.2 billion dollars, with an estimated reserve potential of 1.4 billion barrels in 2025 alone, the Federal Government has said. ...
December 15, 2025 The cost of shipping oil is likely to remain high in the first half of 2026 as the global fleet ages and a rising number of vessels ...
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