October 16, 2025 The American Petroleum Institute (API) estimated that crude oil inventories in the United States increased by a large 7.36 million barrels in the week ending October 10. Analysts had forecast a much smaller 120,000-barrel build for the week. Today’s build comes after the IEA predicted a smaller global oil demand growth estimate for this […]Read More
October 16, 2025 Some refiners in India are preparing to reduce their purchases of Russian crude, Reuters has reported, citing unnamed sources in the know. The sources said the reduction would be gradual. The report follows an announcement by President Trump that India had agreed to reduce its imports of Russian energy after months of stating it […]Read More
October 16, 2025 Gasoline markets in Africa and nearby regions are tightening as the biggest refinery in Africa, the Dangote plant in Nigeria, has slashed crude oil purchases in recent weeks amid operational challenges. The refinery is set to buy fewer than 300,000 barrels per day (bpd) of crude oil in October, Bloomberg reported on Thursday, […]Read More
October 16, 2025 India is prioritizing the interest of its consumers in its policies to source energy products, the Indian Foreign Ministry said on Thursday, after U.S. President Donald Trump said on Wednesday that India had agreed to cut imports of Russian crude oil. President Trump said on Wednesday that India had agreed to reduce its imports of Russian […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has approved the disbursement of N28bn to electricity distribution companies for the second phase of the Meter Acquisition Fund scheme, for the metering of all outstanding Band A customers free of charge. The order, cited as ‘NERC Order No: 2025/10—Order on the Operationalisation of Tranche B of the Meter […]Read More
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is implementing polices that promote infrastructure expansion, access to facilities and investment in gas processing, storage, and transportation systems. The Authority Chief of the NMDPRA, Mr Farouk Ahmed, said this on Monday in Abuja, while speaking at the 18th Annual International Conference of the […]Read More
The Managing Director of Eterna Plc, Mr Olumide Adeosun has said that Nigeria must focus on targeted investments in the liquefied petroleum gas (LPG) sector to expand access and drive clean cooking adoption across the country. Sharing his perspective on the topic ‘’Driving Sustainable Energy Future through Investment In Midstream and Downstream Infrastructure’’ during the […]Read More
October 15, 2025 Chevron has requested to submit an opinion about a possible delay in the start-up of Venture Global’s second LNG plant, as the supermajor worries any delay would interfere with its delivery plans under a long-term contract with Venture Global. Venture Global has requested regulatory authorities to postpone the official commissioning of Plaquemines […]Read More
October 15, 2025 Despite the $10 per barrel decline in oil prices, TotalEnergies expects its earnings and cash flow to have increased in the third quarter from a year earlier, on the back of higher oil and gas production and an annual surge in refining margins.  TotalEnergies expects its oil and gas production for the […]Read More
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has emphasized that forging strategic partnerships remains vital to unlocking value, achieving sustainability, and advancing commercialization within the nation’s downstream petroleum sector. Group CEO, Engr. Bashir Bayo Ojulari, who was represented by the Executive Vice President, Downstream, Mr. Mumuni Dagazau, disclosed this in an address during the […]Read More
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