In the News

Oil prices fell on Thursday as a weaker demand outlook and a sharp rise in US crude stocks outweighed supply disruptions and a US-Iran deadlock.

KEY POINTS The Organisation of the Petroleum Exporting Countries, OPEC, has lowered its forecast for global oil demand growth in 2026, citing weaker expected consumption across key Asian markets. In …

KEY POINTS The National Industrial Court of Nigeria sitting in Ikoyi, Lagos, has nullified the dissolution of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Chevron Branch …

KEY POINTS South Africa is grappling with the aftermath of a massive winter storm system that has battered multiple provinces with heavy snowfall, driving rain, gale-force winds, and freezing temperatures. …

KEY POINTS Oando Plc recorded a significant improvement in its financial performance in the first half of 2026, reversing a substantial operating loss reported an operating profit of N127.8 billion …

Petrovietnam Gas is sounding out suppliers for a five-year LNG contract that would be Vietnam’s second term deal after this year’s agreement with Shell.

KEY POINTS President Bola Tinubu has approved a new regulatory and tax framework for offshore oil and gas projects as Nigeria seeks to attract as much as $50 billion in …

KEY POINTS West African energy regulators are stepping up efforts to create a regional fuel pricing benchmark and trading hub, with Nigeria’s Dangote refinery emerging as a major factor behind …

KEY POINTS Kenya Power has warned that the rapid growth of wind and solar power is creating challenges for the stability and reliability of the country’s electricity grid. The national …

KEY POINTS South Africa’s presidency has criticised Eskom chair Mteto Nyati for publicly raising concerns about the government’s plan to separate the electricity utility’s transmission business. The disagreement comes as …