In the News

KEY POINTS After the U.S. Energy Information Administration (EIA) predicted that Brent crude could average below $60 a barrel in the fourth quarter, a level last observed during the pandemic’s …

KEY POINTS According to new data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria’s daily fuel consumption fell precipitously in June, with overall supply levels reaching one …

KEY POINTS Dangote refinery has lowered the wholesale price of gasoline, the second big action in two months to stabilize supply and ease pressure on petrol prices. On Tuesday, Dangote …

KEY POINTS In response to a contentious receivership claim involving Ikeja Electric, KEPCO Energy Resource Nigeria Ltd., NG Power-HPS Ltd., and New Electricity Distribution Company Ltd. have retaliated against Nigerian …

KEY POINTS Elektron Finance SPV Plc, the financing arm of Nigeria’s Elektron Energy Development Strategies, is stepping into the debt market with a bold N200 billion bond programme, betting big …

KEY POINTS Through a new joint venture, Fusion Fuel Green PLC, a small-cap clean energy company listed on the Nasdaq, is attempting to enter the specialized fuels market in South …

KEY POINTS MainPower Electricity Distribution Limited blames “code coverage conflicts” and other technical issues for the frequent blackouts that have affected parts of Enugu. These issues make it challenging to …

KEY POINTS Nigeria’s flagship Bonny Light crude ended Friday just shy of $69 a barrel, barely snapping a six-day losing streak, as global markets weighed the possibility of a U.S.-brokered …

KEY POINTS An advertisement claiming that FBNQuest Trustees Limited has placed Nigeria’s Ikeja Electricity Distribution Company and Egbin Power Plant under receivership has sparked controversy regarding the ownership of the …

KEY POINTS Libya’s oil and gas industry is making a resurgence after years of instability and underinvestment, attracting the interest of major players in the global energy market. In an …