November 03, 2025 Power generation in India plunged by 6% in October from a year earlier – the sharpest drop since the Covid lockdowns in 2020 – as lower industrial demand due to holidays and unusually rainy weather dampened consumption, according to a Reuters analysis of government data. Total power generation fell to 142.45 billion kilowatt-hours (kWh), […]Read More
October 29, 2025 India’s biggest refiner, state-held Indian Oil Corporation Ltd, is preparing to launch in early 2026 a trading joint venture with the world’s biggest independent oil trader, Vitol, to trade crude and fuels, a source familiar with the plans told Reuters on Wednesday. Indian Oil, which together with its unit Chennai Petroleum holds about 31% […]Read More
October 28, 2025 The chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, on Tuesday met with Chuba Ezenwa, managing director and head of Investment Banking, Sub-Saharan Africa, Bank of America, as part of efforts to attract investments and boost oil production. Komolafe, who hosted Ezenwa in his office, said the engagement […]Read More
October 27, 2025 China has increased its underground gas storage capacity by the most of any country since 2022, the International Gas Union (IGU) said in a new report on Monday. As of 2025, there are 699 underground natural gas storage facilities in operation worldwide, with a total working gas volume of 424 billion cubic metres (bcm), […]Read More
Lagos, Nigeria Asharami Synergy, a Sahara Group downstream company, has strengthened its retail footprint with the commissioning of a new station in Lekki, Lagos, to enhance access to exceptional fuelling solutions. Strategically located to serve residents and businesses across Lekki and its environs, the new facility is equipped with trailblazing forecourt technology. This system allows […]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
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 principle of “No Work, No Pay” remains an extant provision of Nigerian labour law, and the Federal Government will invoke it should ASUU proceed with the strike. 12 October, 2025 The Federal Government of Nigeria (FGN) has called on the Academic Staff Union of Universities (ASUU) to reconsider its decision to embark on […]Read More
October 12, 2025 Oil prices rebounded in early Asian trading on Monday, recovering from sharp losses in the previous session as investors grew cautiously optimistic that potential talks between President Trump and President Xi could ease tensions between the world’s two largest economies and oil consumers. At the time of writing, Brent was up 1.64% at $63.76, […]Read More
September 25, 2025 Eight oil companies operating fields in the northern Iraqi region of Kurdistan have reached an agreement with the Iraqi central government and the Kurdistan Regional Government that would enable the restart of exports from the region. “This framework, once signed and implemented, should allow exports to restart in the coming days, while […]Read More
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