In the News

KEY POINTS Oil prices remained broadly stable on Wednesday after earlier climbing to their highest levels in more than a month, as traders assessed growing risks to crude supplies from …

KEY POINTS South Africa’s state-owned power utility, Eskom, has reported a sharp increase in profits, marking its second consecutive profitable year after nearly a decade of financial losses. The utility …

KEY POINTS The Nigerian National Petroleum Company, NNPC, Limited recorded a sharp decline in profit and revenue in July 2026, largely due to lower crude oil and condensate sales as …

KEY POINTS The Dangote Petroleum Refinery has moved to restrict the sale of Premium Motor Spirit (PMS), commonly known as petrol, to six major oil marketers that currently hold active …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has provided fresh clarification on helicopter-related charges affecting Nigeria’s upstream petroleum industry, offering some relief to operators involved in offshore activities. …

KEY POINTS Petrol prices have climbed to as high as N1,350 per litre in parts of Nigeria following a series of increases in the gantry price of Premium Motor Spirit …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, says 172 Host Communities Development Trusts (HCDTs) have been incorporated by oil and gas companies as part of efforts to ensure …

Solar farms overtook coal in July to become China’s biggest source of installed power capacity, state media said, though solar still trails coal in generation.

KEY POINTS South Africa’s state-owned power utility Eskom has reported a sharp improvement in its financial performance, recording a R30.3 billion profit after tax for the financial year ended March …

KEY POINTS The price of cooking gas has dropped by 39 per cent across Nigeria, offering some relief to households following an increase in the supply of Liquefied Petroleum Gas, …