Oil & Gas
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Oil steadies as Middle East tension rises
Oil output steadied as tensions in the Middle East flared while traders monitored progress towards a deal between Iran and…
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BP Buys Woodside Out of Trinidad and Tobago Gas Project
BP PLC said on Thursday it has agreed to acquire Woodside Energy Group Ltd’s 70 percent operating stake in the…
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Nigeria’s global LNG market share declines 5%, says NLNG CEO
Chief executive officer of Nigeria Liquefied Natural Gas Limited (NLNG), Adeleye Falade has raised the alarm that the country’s position…
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FG to publish detailed account of petrol subsidy savings — Finance Minister
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele has informed that the federal government would soon…
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Nigeria advocates regional reference price for African refined fuels
Nigeria has called the establishment a native African reference price benchmark for refined petroleum products, a move aimed at ending…
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USA crude oil stocks drop more than 7MM barrels WoW
United States commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), declines by 7.2 million barrels from…
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Exxon, Chevron lead in large profits to lower net debt
Two US biggest oil giants, ExxonMobil Holdings Corp. and Chevron Corp. more than doubled their net profits in the second…
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Marketers suspend petrol loading at Dangote Refinery
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says its members have temporarily stopped loading petrol at the Dangote Refinery.…
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PETROAN insists commercial operations of government refineries key to energy security
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on the federal government to immediately commence full…
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EIA pushes 2026 US oil output forecast closer to 14MM Bpd
United States Energy Information Administration, EIA, raised its US crude oil production forecast for 2026 in its latest short term…
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