Energy

Oil prices soar as US-Iran war threatens global supply

Oil prices rose for a second consecutive day on Wednesday, July 22, 2026, with Brent crude rising above $92 per…

3 months ago

NUPRC: Technical capacity, not highest bid, will decide oil blocs’ winners

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says companies seeking to acquire oil and gas assets in the ongoing 2025…

3 months ago

Oil prices slip as mediators propose US-Iran ceasefire

Oil prices fell on Tuesday, July 21, 2026, with markets weighing reports of mediation efforts between the United States and…

3 months ago

Oil prices hit one-month high as US-Iran conflict threatens supply routes

Brent oil prices rose 2% to more than $90 per barrel on Monday, ‌July 20, 2026, as escalating United States-Iran…

3 months ago

Oil prices rise over Iran’s threat to close Red Sea

Oil prices rose on Friday, July 17, 2026, after the United States and Iran stepped up attacks across the Gulf.…

4 months ago

Oil prices slip as traders weigh US-Iran attacks, Hormuz supply risks

Oil prices retreated slightly on Thursday, July 16, 2026, as traders reassessed the impact of renewed military confrontation between the…

4 months ago

Dangote refinery shields Nigeria from global fuel price surge, Says S&P

The S&P Global Commodity Insights says Dangote Petroleum Refinery has continued to cushion Nigerians from the impact of rising global…

4 months ago

Oil prices rise as Trump reimposes Iran blockade

Oil extended gains on Wednesday, July 15, 2026, as United States President Donald Trump reimposed a naval blockade on all…

4 months ago

FG approves $11.50 per barrel tax credit for Shell’s deepwater project

The Federal Government has approved a special production-linked tax credit for Shell Plc's Bonga Southwest Aparo deepwater oil project in…

4 months ago

Oil prices hit one-month high as US, Iran raise attacks in Hormuz

Oil prices rose nearly 3% on Tuesday to their highest in four weeks, as the United States reimposed its naval…

4 months ago

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