In the News

Pi-CNG says long queues at CNG stations should ease by the end of the year as more stations open, though motorists still face long waits.

Oil majors are set for sharply higher third quarter profits as the Iran war boosts refining and trading, and investors are watching the spending.

KEY POINTS Oando Plc has identified operating risks, inconsistent government policies and regulatory uncertainty as major reasons foreign lenders are reluctant to finance African oil and gas companies, warning that …

KEY POINTS Global oil prices remained near a five-month high on Tuesday, October 20, 2026, as attacks claimed by Yemen’s Houthi rebels on Saudi energy infrastructure and reports of assaults …

Brent edged lower to $109.55 on Monday as profit-taking offset Houthi attacks on Saudi energy sites and a steep fall in Gulf crude flows through Hormuz.

Oil slipped from a five-month high on Monday, with Brent at $107.57, as Trump’s Russia sanctions waiver raised hopes of more supply despite Hormuz disruptions.

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has attracted investors from 51 of Africa’s 54 countries as its initial public offering, IPO, draws strong demand across the continent and from …

KEY POINTS ExxonMobil expects higher refining margins to significantly increase its downstream earnings in the third quarter of 2026, with the oil major signalling a potential $4.5 billion improvement compared …

Emerging economies have spent about $235 billion on Chinese clean energy technology since 2024, outspending the rest of the world on grids, solar and cooling.

Ebenco Global Link’s 30,000 bpd modular refinery in Koko, Delta State, has regulatory approval to introduce hydrocarbons and begin a 90 day reliability test.