• May 9, 2026
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$125 Oil Could Tip Global Economy Into Recession
news Oil and Gas

$125 Oil Could Tip Global Economy Into Recession

May 4, 2026

May 04, 2026 Elevated oil prices for a sustained period of time would tip the global economy into a recession, Moody’s Analytics’ head of international economics, Gaurav Ganguly, told CNBC, pegging the game-changing price at $125 per barrel of Brent crude. If prices go that high and stay that high long enough, the world will […]Read More

U.S. Oil and Gas Firms Sign Deals to Operate in Venezuela
Oil and Gas

U.S. Oil and Gas Firms Sign Deals to Operate in

May 1, 2026

May 01, 2026 Venezuela has signed agreements with two U.S. energy firms to operate in the country as a growing number of international oil and gas companies are vying to return to the world’s biggest crude resource holder. The Venezuelan government of interim President Delcy Rodríguez has just signed agreements with U.S. firms Hunt Overseas […]Read More

Oil Prices Set for Another Weekly Gain as Supply Shock Deepens
Oil and Gas

Oil Prices Set for Another Weekly Gain as Supply Shock

May 1, 2026

May 01, 2026 Crude oil prices may have retreated from the highs reached on Thursday, but they are still set for a strong weekly gain. At the time of writing, Brent crude was trading at 112.10 per barrel, and West Texas Intermediate was trading at 106.30, with the gap between the two benchmarks shrinking once […]Read More

China May Restart Fuel Exports as Domestic Stockpiles Surge
news Oil and Gas

China May Restart Fuel Exports as Domestic Stockpiles Surge

April 28, 2026

April 28, 2026 Chinese state refiners could restart fuel exports next month if the government in Beijing approves their applications for the restart, citing ample domestic stocks. Companies including Sinopec and CNPC have submitted applications for export permits, Bloomberg reported today, citing unnamed sources in the know. The applications are for exports of diesel and […]Read More

Shell and NNPC Commission State-of-Art Research Center at University of Lagos
Education Oil and Gas

Shell and NNPC Commission State-of-Art Research Center at University of

April 18, 2026

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

MEMAN attributes surge in jet fuel prices to developments in Middle East
Oil and Gas

MEMAN attributes surge in jet fuel prices to developments in

April 16, 2026

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

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