In the News

China’s oil demand will fall 8.9 percent in 2026, a third straight annual decline, as high prices and EV growth curb consumption, Sinopec says.

Brent crude rose above $100 a barrel for the first time since July as escalating Middle East conflict deepened fears over regional oil supply.

KEY POINTS Shell Lubricants Egypt has entered into a partnership with TAQA Petroleum to expand the availability of its lubricants, coolants and transmission fluids across TAQA Petroleum’s network of service …

KEY POINTS ExxonMobil is set to take over operatorship of the Papua LNG project in Papua New Guinea from TotalEnergies as part of a broader restructuring aimed at streamlining the …

KEY POINTS South Africa’s power utility Eskom is moving towards a tariff model designed to protect its revenue even as more customers generate their own electricity or purchase power from …

KEY POINTS Italian energy company Eni and Venezuela’s state-owned oil giant PDVSA have signed a 25-year hydrocarbons participation contract covering the development of the giant Junín 5 heavy oil field …

KEY POINTS Aliko Dangote, President and Chief Executive Officer of the Dangote Group, has announced that Nigerians can subscribe to the proposed Initial Public Offering, IPO, of Dangote Petroleum Refinery …

South Korea’s power demand is set to soar 25 to 30 GW on the AI boom, and the nation is weighing whether to expand nuclear energy, its energy minister says.

KEY POINTS The Dangote Petroleum Refinery is targeting expansion that would make it the largest refinery in the world by 2028, according to Dangote Group President and Chief Executive Officer, …

KEY POINTS Brazil’s environmental regulator, Ibama, has approved Petrobras request to drill three additional wells in the Foz do Amazonas Basin, subject to a series of environmental and operational conditions. …