March 13, 2026 The war in the Middle East has effectively shut in 15% of TotalEnergies’ global oil and gas output, while the now-offline barrels account for about 10% of the supermajor’s upstream cash flow. Following requests from shareholders and to answer the question about the status of TotalEnergies’ exposure to Middle East, the France-based […]Read More
Mar 13, 2026 Bank of America is warning investors not to chase oil prices higher if crude climbs above $100 per barrel, arguing that prices at those levels tend to trigger government and central bank responses aimed at cooling the economy. The bank said oil has already been one of the biggest market movers this […]Read More
March 12, 2026 The Federal Government on Thursday commended the United Nations Development Programme (UNDP) for its years of support through developmental programmes, affirming that government will continue to leverage on UNDP’s support and expertise to accelerate her various reform programmes. The Chief of Staff to the President, Hon. Femi Gbajabiamila gave the commendation at […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has issued an order on the Registration and Authorisation of Grid-Connected Private Transmission Substations in the Nigerian Electricity Supply Industry (“NESI”) owned by bulk electricity consumers, to enhance grid reliability, stability, operational efficiency, and ensure compliance with the provisions of the Grid Code. The NERC website states that the […]Read More
March 12, 2026 President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria, subject to confirmation by the Senate. The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007. Yuguda’s nomination follows the recent appointment of the erstwhile […]Read More
March 11, 2026 The European Union (EU) is considering emergency relief measures in the wake of the energy price spike amid the Middle East war, including capping the price of natural gas, European Commission President Ursula von der Leyen said on Wednesday. The price spike in oil and gas prices during the ten days of […]Read More
March 11, 2026 Several major energy traders have begun declaring force majeure to their own customers after Qatar’s LNG shutdown rippled through global gas markets, according to Reuters sources on Wednesday. Companies including Shell and TotalEnergies–both major portfolio players that lift liquefied natural gas from QatarEnergy–have notified downstream buyers that contractual deliveries may be disrupted […]Read More
…Main Insights and Prospective Outlook Dangote Petroleum Refinery and Petrochemicals has announced adjustments to petrol and diesel prices in response to the recent drop in global oil prices, which fell from $115 to $90 per barrel on Monday. According to a pricing template shared on Tuesday, the gantry price of petrol has been reduced by […]Read More
March 10, 2026 State Bank of India, the largest lender in the country, continues to shun processing payments for purchases of Russian oil despite the temporary U.S. waiver for India to buy Russia’s crude stashed in floating storage in Asia, sources with knowledge of the situation have told Bloomberg. State Bank of India (SBI) is unwilling […]Read More
March 10, 2026 Saudi Aramco reported net profits of $104.7 billion for 2025, down by 12% on the year amid persistently low oil prices last year. The company also said it would buy back up to $3 billion over the next 18 months. The company’s free cash flow at the end of 2025, however, was […]Read More
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