KEY POINTS Global crude oil prices fell sharply on Monday, dropping to about $82 per barrel after the United States, Israel, and Iran reportedly reached an agreement to end months …
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KEY POINTS Dangote Petroleum Refinery has announced a reduction in its petrol gantry price to ₦1,175 per litre, marking a fresh adjustment in Nigeria’s downstream petroleum market. The development represents …
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has launched an early retirement programme that has reportedly attracted strong participation, with officials revealing that more than 70 per cent …
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Energy TransitionIn the News
Glencore-Merafe Halts Job Cuts after South Africa Approves Cheaper Electricity Tariff
KEY POINTS The Glencore-Merafe Chrome Venture has suspended planned layoffs after South Africa’s energy regulator approved a reduced electricity tariff of 62 cents per kilowatt-hour for the ferrochrome industry, offering …
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KEY POINTS Global oil prices plunged on Monday after the United States and Iran announced that they had reached an initial agreement aimed at ending their conflict and restoring maritime …
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KEY POINTS The rapid expansion of the Dangote Petroleum Refinery has significantly reduced West Africa’s reliance on imported refined petroleum products, reshaping regional energy trade flows and shipping patterns. New …
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KEY POINTS The Socio-Economic Rights and Accountability Project SERAP has filed a lawsuit against the Nigerian National Petroleum Company Limited NNPCL at the Federal High Court in Abuja, challenging its …
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KEY POINTS South Africa’s state-owned power utility, Eskom, has come under renewed scrutiny after disclosing that it paid about R5.4 billion in staff bonuses in the 2025 financial year, despite …
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In the NewsMarketsOil & Gas
Shell Suspends $3bn Share Buyback Ahead of $16.4bn ARC Resources Deal Vote
KEY POINTS British energy giant Shell has temporarily halted its $3 billion share buyback programme as it prepares for a crucial shareholder vote related to its proposed acquisition of Canadian …
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KEY POINTS Libya’s National Oil Corporation (NOC) has intensified efforts to increase the country’s crude oil production by partnering with global oilfield services company SLB to develop its marginal oil …
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