April 20, 2026 The national average price of gasoline in the United States has dipped below the $4 mark for the first time in weeks, with data compiled by GasBuddy from more than 12 million individual price reports across more than 150,000 gas stations revealing that the national average fell by 9 cents from a […]Read More
April 20, 2026 Seasonally lower demand ahead of the peak summer driving season and the continued turbulence in the Middle East could extend the violent oil price swings for months ahead, the top executive of oil trader Gunvor has told the Financial Times. “It is a little bit of a more challenging, softer period that […]Read More
White House and Trump Administration have announced their own offers to Iran to stop this ongoing war. Trump Administration even wanted a “30 days ceasefire” to discuss the new plans USA would offer to Iranian leadership. The USA now has moved away from demanding spontaneous handover of the enriched uranium, rather it is now offering […]Read More
Shell Nigeria Exploration and Production Company Limited (SNEPCo), in collaboration with the Nigerian National Petroleum Company Limited (NNPC) and the Nigerian Content Development and Monitoring Board (NCDMB), has inaugurated a Geosciences Centre of Excellence at the University of Lagos. This state-of-the-art learning and research facility aims to advance education and innovation in a critical sector […]Read More
The Dangote Group is progressing with plans to sell a 10% stake in its $20 billion, 650,000-barrel-per-day refinery through a groundbreaking Pan-African Initial Public Offering (IPO) slated for 2026. This announcement was made by Alhaji Aliko Dangote during an event hosted by the Atlantic Council in Washington, D.C., on Thursday. He stated that the proceeds […]Read More
The Major Energies Marketers Association of Nigeria (MEMAN) has attributed the surging prices of aviation fuel to geopolitical tensions in the Middle East, which have disrupted global supply chains. This was stated in a letter issued by Clement Isong, the Executive Secretary and Chief Executive Officer of MEMAN, on Thursday in Lagos. The correspondence was […]Read More
…Advancing Nigeria’s Gas Revolution As part of its strategic efforts to fast-track Nigeria’s transition to cleaner and more affordable energy solutions, NIPCO Gas Limited has unveiled two cutting-edge Compressed Natural Gas (CNG) stations in Asaba and Warri, Delta State. This initiative represents a pivotal step in advancing the nation’s goals for energy diversification and sustainable […]Read More
April 15, 2026 U.S. President Donald Trump has again threatened to fire Federal Reserve Chair Jerome Powell if he does not leave office when his term as chair ends in May. The Trump administration has nominated Kevin Warsh to succeed Powell; however, his confirmation is currently tied up in the Senate. Historically, Fed chairs typically […]Read More
April 16, 2026 Chinese refinery processed 2.2% less crude last month, at an average daily of 14.52 million barrels daily amid the war-related squeeze on oil supply. Fuel output was also down, with gasoline shedding 2.95% to 13.51 million tons and kerosene production falling by 3.72% to 5.13 million tons. Diesel fuel production was up […]Read More
April 16, 2026 European energy companies are eyeing purchases of Canadian liquefied natural gas in search of supply diversification in challenging times, according to a Reuters report citing unnamed sources familiar with the matter. European energy buyers are already big clients of U.S. LNG producers, but long-term diversification would require spreading reliance over more suppliers, […]Read More
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