Adenike Adeodun

Venture Global shares plunged after its 2025 profit forecast missed Wall Street expectations, raising concerns over rising costs and revenue declines.

Oil prices hit a six-month low after OPEC+ confirmed a production increase, while U.S. tariffs and geopolitical tensions added market uncertainty.

Finland will release the Eagle S tanker, suspected of Baltic cable damage, as authorities continue their investigation into the disruption.

Pemex reports a $9.1 billion loss as crude production declines and debt remains a major challenge. The company seeks recovery strategies amid financial strain.

Shell projects a 60 percent rise in global LNG demand by 2040, driven by Asia’s expansion. The U.S. and Qatar are expected to lead supply growth.

The Leviathan gas field partners plan a $2.4 billion expansion to boost production and strengthen Israel’s energy security and exports.

U.S. crude stocks rose by 4.6 million barrels due to refinery maintenance, while gasoline and distillate inventories declined as fuel production slowed.

Oil prices remain steady as Ukraine peace talks and supply disruptions impact global markets. Traders monitor OPEC+ production decisions and U.S. crude inventories.

NARTO warns that banning 60,000-liter fuel tankers could result in N300 billion in losses. The association urges the government to find a balanced solution.

Elliott Management has acquired a 5 percent stake in BP and is urging the company to sell assets and cut costs to boost profitability.