March 27, 2026 Russia’s oil exporters are warning buyers of force majeure that cargoes from its key Baltic ports may not be delivered at all. Russian producers are now saying they may declare force majeure on cargoes from key Baltic Sea ports after a sustained wave of Ukrainian drone strikes knocked out critical infrastructure this […]Read More
March 27, 2026 The Vice President, Senator Kashim Shettima, has said the administration of President Bola Ahmed Tinubu remains determined to reform and strengthen Nigeria’s power sector. He noted that while the promise of every nation rests on its abundance, Nigeria cannot afford to gamble with energy security. The Vice President, who spoke on Thursday […]Read More
March 26, 2026 Saudi crude oil exports to its two biggest clients, India and China, are on course to decline in April because of the production disruptions in the Middle East, Bloomberg reported earlier today, citing traders. The traders said Saudi oil exports to the Chinese market were seen at some 40 million barrels, down […]Read More
March 25, 2026 COSCO Shipping Lines, China’s largest shipping company, has officially resumed new booking services for container shipments from the Far East to several key Middle Eastern destinations, with the United States and Iran currently engaged in ceasefire talks, despite statements by Tehran that the U.S. military is “negotiating with itself”. COSCO has reinstated […]Read More
The Nigerian National Petroleum Company Limited (NNPCL) has announced strides toward reasserting Nigeria’s position as a reliable global energy supplier, highlighting improved security, policy reforms, and growing investor trust in its oil and gas sector. As reported by ‘ThisDay’, NNPCL emphasized that this repositioning comes amidst a volatile global energy landscape, exacerbated by the geopolitical […]Read More
The Minister of Power, Adebayo Adelabu, has extended a formal apology to Nigerians for the recent nationwide electricity outages, acknowledging the significant disruptions they have caused to households, businesses, schools, and industries. He characterized the situation as a temporary issue and addressed the nation during a press briefing in Abuja on Tuesday. In his remarks, […]Read More
Noble Energy EG Ltd. (a Chevron company) with its co-venturers, and the government of Equatorial Guinea have signed agreements for the Aseng Gas Monetization Project. The execution of the agreements is subject to relevant approvals and is a critical milestone towards the approval and implementation of the project, a statement has said. Speaking on the […]Read More
India, the world’s third-largest importer of crude oil, is showing little enthusiasm for resuming purchases of Iranian crude, even after the United States issued a temporary waiver easing sanctions. According to sources familiar with the matter, Indian state refiners are hesitating due to ongoing concerns about shipping logistics, insurance coverage, and payment mechanisms, Bloomberg reported […]Read More
March 24, 2026 Kaja Kallas, the High Representative of the European Union for Foreign Affairs and Security Policy, on Monday met with President Bola Tinubu, assuring him of stronger ties in security and trade despite global economic volatility. The meeting was held at the President’s Lagos home. The National Security Adviser (NSA), Malam Nuhu Ribadu […]Read More
March 23, 2026 Worldwide LNG exports have plunged in the past week to a six-month low as Middle Eastern supply collapsed with the de facto closed Strait of Hormuz and the outage at the world’s biggest LNG complex in Qatar. Global LNG shipments have plunged to about 1.1 million tons over the 10-day moving average, […]Read More
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