Oil & Gas

Brent fell about 1% to $114.81 and WTI to $100.88 as Tehran talks lifted hopes of a US-Iran breakthrough, despite Houthi attacks on Saudi Arabia.

KEY POINTS Nigeria’s domestic refineries received more than 127 million barrels of crude oil and condensate between January and September 2026, as regulators reported improved supplies and the federal government …

KEY POINTS The planned initial public offering, IPO, of Dangote Petroleum Refinery could bring millions of younger Nigerians into the stock market, giving first-time investors an opportunity to own shares …

KEY POINTS Nigeria has renewed plans to list the Nigerian National Petroleum Company Limited, NNPC Ltd, and Nigeria LNG Limited (NLNG) on the stock exchange as part of efforts to …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has warned companies holding undeveloped oil and gas blocks to begin development activities by October 31, 2026, or risk losing their …

KEY POINTS Italian energy company Eni plans to expand its gas processing capacity in Egypt’s Western Desert through its Meleiha Phase 2 project, as the country seeks to increase gas …

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.

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 …

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 …