April 06, 2026 Two tankers that loaded LNG from Qatar before the war began appear to be attempting to exit the Strait of Hormuz in what could be the first export of Qatari LNG in over a month. The Al Daayen and the Rasheeda, which took Qatari LNG at the end of February just before […]Read More
April 06, 2026 OPEC on Sunday agreed to boost oil production by another 206,000 barrels daily, which will be theoretical only as production in the Middle East remains constrained by the Strait of Hormuz crisis. The move was expected, with reports saying the eight OPEC members that are managing their production stand ready to start […]Read More
April 06, 2026 Saudi Arabia has hiked the price of its flagship Arab Light crude loading for Asia in May to a record-high premium over the Middle Eastern benchmarks as the de facto closure of the Strait of Hormuz upends oil flows and roils markets and prices. Aramco, the Saudi state oil giant, has raised […]Read More
President Bola Tinubu has given the green light to a ₦3.3 trillion payment plan designed to finally settle long-standing debts in Nigeria’s power sector, a move officials say will bring much-needed stability to electricity supply across the country. The approval follows a comprehensive verification of legacy debts that have plagued the sector for over a […]Read More
The Rural Electrification Agency (REA), in its latest disbursement of funds for renewable energy projects nationwide, has allocated N7.95 billion to Havenhill to support the procurement of critical equipment for four mini-grid projects spanning Taraba, Kwara, and Kogi States. Similarly, N1.056 billion was released to Faraday & Otstred Limited for mini-grid deployments across three sites […]Read More
April 4, 2026 The Labour Party’s 2023 presidential candidate, Peter Obi, has called on Nigerians not to re-elect President Bola Tinubu in the upcoming 2027 general election, over what he described as failure to fulfill a 2023 campaign promise to improve power supply if elected. He made a call in a statement posted on his […]Read More
April 03, 2026 China plans to phase out some of its outdated petrochemical plants by 2029 and upgrade others, under new directives issued by the authorities on Friday. The Chinese authorities will review which facilities will be upgraded and which will be closed, using lists of outdated petrochemical plants compiled by local governments in recent […]Read More
April 03, 2026 President Donald Trump said Friday the United States could reopen the Strait of Hormuz and “take the oil and make a fortune,” framing control of the world’s most critical energy chokepoint as both a strategic and economic opportunity. The Strait carries roughly 20% of global oil supply. Traffic through the waterway has […]Read More
April 03, 2026 Operations at the Habshan gas facilities, the biggest gas processing site in the United Arab Emirates, were suspended early on Friday following a fire that erupted after an attack, Abu Dhabi Media Office said. The Habshan onshore facilities are part of one of the world’s largest gas processing plants, which is operated […]Read More
April 3, 2026 Nigeria’s daily oil output has soared to 1.84 million barrels in recent days, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed. He expressed his satisfaction, noting, “It is encouraging to hear that production has reached 1.84 million barrels per day. This is excellent progress and aligns perfectly with President Bola Tinubu’s directive.” […]Read More
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