Energy

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…

1 week 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…

2 weeks 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.…

2 weeks 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…

2 weeks 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…

2 weeks 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…

2 weeks 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…

2 weeks 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…

2 weeks ago

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…

3 weeks 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…

3 weeks ago

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