Jul 09, 2025 Global oil markets have been soaking up the additional barrels OPEC+ has been producing since the spring without inventory builds, suggesting that the market needed the higher supply, according to Suhail al-Mazrouei, the energy minister of one of OPEC’s top producers, the United Arab Emirates (UAE). “You can see that even with […]Read More
29 May, 2025 TotalEnergies EP Nigeria (TEPNG) has signed an agreement with Shell Nigeria Exploration and Production Company Ltd (SNEPCo) for the sale of its non-operated 12.5% interest in the OML118 Production Sharing Contract (PSC) for an amount of $ 510 million. OML118 PSC is operated by SNEPCo (55%), in partnership with Esso Exploration and […]Read More
Aliko Dangote, Chairman of Dangote Group, has disclosed that his conglomerate has invested over $25 billion in sectors such as oil and gas, cement, and sugar in Nigeria over the last seven years. Dangote made this announcement during a conversation on the sidelines of the recently concluded 79th United Nations General Assembly (UNGA 79) in […]Read More
Crude oil futures rose Monday as Ukrainian drone strikes disrupt Russian refining capacity and Moscow orders output cuts to meet the Organization of Petroleum Exporting Countries and allies (OPEC+ targets. The West Texas Intermediate contract for May gained $1.32, or 1.64 percent, to settle at $81.95 a barrel. The Brent contract for May added $1.32, or 1.55 percent, to […]Read More
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