Markets

KEY POINTS The Federal Government has praised ExxonMobil Nigeria for investing over $3.5 billion in the country’s oil and gas sector, describing the move as a strong signal of renewed …

KEY POINTS Global oil prices rose by more than 1% on Thursday, recovering from earlier losses as traders grew increasingly doubtful that ongoing diplomatic efforts between the United States and …

KEY POINTS Shell Plc is in advanced discussions with Abu Dhabi National Oil Company, ADNOC, over the potential sale of its retail fuel network in South Africa, in a deal …

KEY POINTS Nigeria is set to achieve a major milestone in its energy sector as plans are underway to commence natural gas deliveries to Abuja by July 2026 through the …

KEY POINTS ExxonMobil is bracing for a noticeable decline in its oil and gas output as escalating tensions in the Middle East continue to disrupt operations across the region. The …

KEY POINTS Shell plc has projected a decline in its first-quarter gas production alongside a significant short-term strain on liquidity, largely driven by disruptions linked to the ongoing tensions involving …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, have outlined strategies to achieve Nigeria’s …

The heads of the IEA, IMF and World Bank are meeting Monday to tackle what they call the largest energy supply shock in modern history.

The Middle East conflict has cut off millions of barrels daily, sending global oil buyers racing toward Nigeria and other African producers

KEY POINTS Motorists in Zimbabwe were left frustrated after authorities announced a fuel price increase just minutes after the government promised relief by suspending taxes on diesel. The sudden reversal …