February 04, 2026 Crude oil inventories in the United States decreased by 3.5 million barrels during the week ending January 30, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 420.3 million barrels according to government data, which is 4% below the five-year average […]Read More
February 03, 2026 The global power sector is at a turning point in 2026. Electricity demand growth continues to accelerate, driven by an electrification push across all sectors and booming demand from data centers and transportation. At the same time, renewable energy capacity growth is decelerating due to regulatory hurdles and saturation in some markets, […]Read More
January 27, 2026 Saudi oil giant Aramco has issued a $4-billion bond as it tapped the debt market for the first time this year amid persistently weak oil prices in the low $60s per barrel. Aramco, the world’s top crude exporter and biggest international oil company, on Monday announced the start of issuing U.S.-dollar denominated international bonds […]Read More
January 26, 2026 India is in no hurry to sign long-term LNG delivery deals as the country’s price-sensitive buyers stall talks and wait for the coming supply glut to pressure sellers into agreeing to lower prices. Some LNG buyers in India, which is much more price-sensitive than China, have been stalling negotiations for over a […]Read More
Lagos, Nigeria | January 23, 2026 Sahara Group Foundation, the corporate social impact arm of Sahara Group, has commissioned its 17th Sahara Go Recycling Hub in Ibeju-Lekki, Lagos State, reinforcing its commitment to sustainable waste management, environmental protection, and community empowerment across Nigeria. The Sahara Foundation Go Recycling Initiative promotes a circular economy by diverting […]Read More
23 January 2026 In the run-up to Investing in Mining Indaba, Chris Meyer interviewed Prof Nicole Wagner about comments made at last year’s conference about coal, a commodity shaping up to be a topic of discussion again in 2026. Energy Economist Dr Lars Schernikau makes a thought-provoking statement when he asks: ‘Should we divest from […]Read More
January 23, 2026 India’s state-owned refiner Bharat Petroleum Corporation Limited (BPCL) is set to sign next week an oil supply deal with Brazilian state giant Petrobras for the delivery of 12 million barrels of crude, valued at about $780 million. The signing of the agreement is expected to take place during the India Energy Week […]Read More
January 23, 2026 US naphtha has begun arriving in Venezuelan waters, marking an early and telling step in efforts to restart the country’s long-crippled heavy oil production. Ship tracking data showed a tanker chartered by Vitol reaching Venezuelan waters with the first naphtha cargo tied to a new oil deal between Washington and Caracas. The […]Read More
January 22, 2026 President Bola Ahmed Tinubu has approved thegazetting of targeted, investment-linked incentives to support the proposed Bonga South West deep-offshore oil project by Shell and its partners. The President also directed the Special Adviser to the President on Energy, Mrs. Olu Verheijen, to facilitate the gazette of the incentives in line with Nigeria’s […]Read More
President Bola Ahmed Tinubu has approved the commencement of commercial oil drilling at Tongeji Island in Ipokia Local Government Area, positioning Ogun State to officially become an oil-producing state. Governor Dapo Abiodun disclosed this while receiving the Flag Officer Commanding, Western Naval Command, Rear Admiral Abubakar Abdullahi Mustapha, during a courtesy visit in Abeokuta. The […]Read More
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