Energy

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 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…

2 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…

2 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…

2 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…

2 months 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…

2 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…

2 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…

2 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…

2 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…

2 months ago

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