Energy

Oil prices rise as fresh US-Iran strikes threaten Hormuz shipments

Oil prices surged over 4% on Monday, July 13, 2026, as energy shipments via ​the Strait of Hormuz remained under…

4 months ago

Nigeria beats OPEC quota as oil production soars

Nigeria’s crude oil and condensate production soared to an average of 1,735,398 barrels per day in June 2026, representing positive…

4 months ago

Oil prices drop amid US-Iran conflict

Oil prices eased on Friday, July 10, 2026, but remained on ‌track for weekly gains as renewed United States-Iran fighting…

4 months ago

Oil prices rise after US launches fresh strikes on Iran

Oil prices advanced on Thursday, July 9, 2026, after the United States launched fresh airstrikes on Iran, escalating tensions in…

4 months ago

Oil prices soar after Trump declares deal with Iran ‘over’

Oil prices soared by more than five per cent on Wednesday, July 8, 2026, reaching their highest levels in two…

4 months ago

Oil prices rise as markets focus on supply, demand outlook

Oil prices edged higher on Tuesday, July 7, 2026, as investors assessed improving supply conditions and monitored demand prospects despite…

4 months ago

Nigeria lost N2.376trn to grid underutilisation in 11 years ― NISO

The Nigerian Independent System Operator (NISO) has disclosed that the country lost over N2.376 trillion to power sector grid underutilisation…

4 months ago

Oil prices fall as OPEC+ approves August output increase

Oil prices declined on Monday, July 6, 2026, after the Organization of the Petroleum ​Exporting Countries and its allies (OPEC+)…

4 months ago

Port Harcourt, Warri refinery MoU targets sustainable operations — NNPC

The Nigerian National Petroleum Company (NNPC) Limited says the recently signed Memorandum of Understanding (MoU) for the rehabilitation and operation…

4 months ago

Why we don’t cut petrol prices in line with global oil price drop — Dangote refinery

Dangote Petroleum Refinery has defended its petroleum product pricing strategy, insisting that recent reductions in fuel prices reflect its commitment…

4 months ago

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