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KEY POINTS Global oil prices jumped by more than 3% on Tuesday after renewed tensions between the United States and Iran stalled progress on a proposed peace deal, reigniting fears …

KEY POINTS Africa’s richest man, Aliko Dangote, is targeting a valuation of up to $50 billion for his refinery business ahead of a planned initial public offering (IPO) expected later …

KEY POINTS The Nigerian Employers’ Consultative Association, NECA, has renewed calls for the privatisation of the Port Harcourt and Warri refineries, arguing that decades of government-led rehabilitation efforts, reportedly costing …

KEY POINTS TotalEnergies is preparing to deploy a new floating storage and offloading (FSO) vessel, Adiana, offshore Nigeria by the end of 2027, in a move aimed at sustaining long-term …

KEY POINTS Libya’s largest operational oil refinery in Zawiya has suspended operations following intense clashes between armed groups near the facility. The National Oil Corporation (NOC) and the Zawiya Refining …

KEY POINTS Italian Prime Minister Giorgia Meloni and Libya’s Prime Minister Abdulhamid Dbeibah have held talks in Rome aimed at strengthening energy cooperation between both countries as Italy seeks to …

KEY POINTS Nigerian households are facing another increase in cooking gas prices following fresh adjustments in the cost of liquefied petroleum gas, LPG, by major suppliers and depot operators across …

KEY POINTS Dangote Refinery has increased the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦1,275 to ₦1,350 per litre. The latest adjustment represents about a …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has said Africa is becoming one of the most important regions in the global energy industry as geopolitical tensions and supply …

KEY POINTS Shell has reported a strong financial performance, posting adjusted profits of $6.92 billion for the first quarter of 2026, marking its highest quarterly profit in two years. The …