KEY POINTS Global crude oil prices closed the week ending March 20, 2026, at $112 per barrel, marking an 8.22% weekly increase. Brent Crude Futures have climbed more than 53% …
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KEY POINTS Algeria, the world’s third-largest oil producer, is making significant progress on the long-stalled $13 billion Trans-Sahara Gas Pipeline, a 4,100-kilometre initiative aimed at transporting natural gas from West …
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In the NewsOil & Gas
Dangote Refinery Expands Regional Footprint with 456,000 Tonnes of Fuel Exports Across African Markets
KEY POINTS The Dangote Petroleum Refinery has reinforced Nigeria’s position in Africa’s energy market after exporting 456,000 tonnes of refined petroleum products through 12 cargoes handled by international traders. The …
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In the NewsOil & Gas
Nigeria Retains One of World’s Cheapest Petrol Prices Despite Middle East Tensions
KEY POINTS Nigeria continues to maintain one of the lowest fuel prices globally despite recent increases linked to geopolitical tensions in the Middle East. Data from GlobalPetrolPrices.com shows fuel in …
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In the NewsOil & Gas
Iran Threatens Indefinite Closure of Strait of Hormuz After Trump’s 48-Hour Ultimatum
KEY POINTS Iran has warned it could shut the Strait of Hormuz indefinitely if the United States carries out threats to attack its power infrastructure. The warning followed a 48-hour …
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KEY POINTS Italian energy company Eni S.p.A. has announced a significant offshore gas discovery in Libya, estimated at more than one trillion cubic feet (Tcf). The newly discovered reserves are …
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KEY POINTS Dangote Refinery has announced another upward review of its petrol pricing, raising the gantry price of Premium Motor Spirit (PMS) from ₦1,175 to ₦1,245 per litre, a ₦70 …
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Energy TransitionIn the NewsMarkets
Power Sector Debt Crisis Deepens as Adelabu Assures Nigerians of Imminent Electricity Stability
KEY POINTS Nigeria’s Minister of Power, Adebayo Adelabu, has assured citizens that improvements in electricity supply are on the horizon, despite the ongoing crisis crippling the sector. Speaking in a …
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KEY POINTS Qatar has confirmed that one of the two production trains at Shell’s Pearl gas-to-liquids (GTL) plant will remain offline for at least one year after sustaining damage from …
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KEY POINTS Chevron has agreed to sell its stakes in two offshore oil blocks in Angola to Energean in a deal valued at $260 million, marking another step in the …