Energy

Oil prices rise after US threatens indefinite blockade of Iran

Oil prices rose on Friday and were on track for weekly gains after the United States threatened an indefinite naval…

3 months ago

Oil prices drop as weaker demand outlook counters Middle East supply concerns

Oil prices dipped on Thursday, August 13, 2026, as investors assessed prospects for weaker global demand in 2026. Brent futures…

3 months ago

Again, OPEC reduces 2026 oil demand outlook, raises 2027 forecast

The Organization of the Petroleum Exporting Countries (OPEC) has lowered its global oil demand growth forecast for 2026 for the…

3 months ago

FG mulls new crude pricing, supply rules to boost Dangote, other refineries

The Federal Government is considering changes to its crude oil allocation and pricing framework to improve access to feedstock for…

3 months ago

Oil prices rise as hopes for US-Iran peace deal fade

Oil prices rose on ​Wednesday, August 12, 2026, as doubts about a United States-Iran peace deal and attacks on two…

3 months ago

Senate gives Seplat Energy, others 48-hour ultimatum as Dubri Oil defends $3.2m debt

The Senate has issued a 48-hour ultimatum to Seplat Energy, Network E&P Nigeria Limited, and other oil firms to appear…

3 months ago

Oil prices steady after Trump responds to Iran’s conditions for peace deal

Oil ‌prices steadied at more than one-week highs on Tuesday, August 11, 2026, amid fading hopes of a deal between…

3 months ago

Oil prices rise amid uncertainty over Strait of Hormuz reopening

Oil prices rose ‌on Monday as uncertainty persisted over the reopening of the Strait of Hormuz, with Iran saying the…

3 months ago

Lekki residents decry two-week power outage, demand restoration

Some residents of Lekki Phase 1 in Lagos have decried the power outage that has crippled activities in the area…

3 months ago

Iran: Hormuz shipping deal with Oman near, but key conditions remain

Iran on Saturday said it was close to reaching an agreement with Oman on a new shipping arrangement through the…

3 months ago

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