March 17, 2026 China expanded its crude oil stockpiles over the first two months of the year, thanks to higher imports and a ramp-up in domestic production, Reuters’ Clyde Russell reported, adding that the stock buildout strengthened despite higher refining rates in the period. Imports of crude oil to China averaged 11.99 million barrels daily, […]Read More
March 16, 2026 President Bola Ahmed Tinubu, accompanied by the First Lady, Senator Oluremi Tinubu, will depart Abuja on Tuesday, March 17, for a State Visit to the United Kingdom as guests of Their Majesties King Charles III and Queen Camilla. King Charles will host President Tinubu and his wife at Windsor Castle from Wednesday, […]Read More
March 16, 2026 FG: Nigeria’s ongoing economic and governance reforms under the administration of Bola Ahmed Tinubu are strengthening global confidence in the country and opening new opportunities for trade, investment, and international cooperation, the Honourable Minister of Information and National Orientation, Mohammed Idris, has said. The Minister spoke on Sunday in London during a […]Read More
March 12, 2026 President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria, subject to confirmation by the Senate. The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007. Yuguda’s nomination follows the recent appointment of the erstwhile […]Read More
March 10, 2026 Saudi Aramco reported net profits of $104.7 billion for 2025, down by 12% on the year amid persistently low oil prices last year. The company also said it would buy back up to $3 billion over the next 18 months. The company’s free cash flow at the end of 2025, however, was […]Read More
March 10, 2026 Crude oil imports into China climbed 15.8% over the first two months of the year, with the information likely to continue to a reversal of the recent decline in oil prices, signalling strong demand from the world’s largest importer. Per official data from Beijing, China imported crude oil at a daily rate […]Read More
Sahara Group has reinforced its Beyond Energy philosophy at the 2026 Entrepreneurship, Innovation and Business Certification (EIBIC) Programme hosted by the University of Lagos (UNILAG), calling on young Africans to move beyond conventional entrepreneurship and actively design solutions to the continent’s most pressing energy and development challenges. Now in its third year, the EIBIC Programme […]Read More
Mar 06, 2026 Oil prices surged again on Friday, putting crude on track for its biggest weekly gain in years as disruptions to Middle East supply and tanker traffic through the Strait of Hormuz rattle global energy markets. Brent crude was trading above $88 per barrel in early trading, up more than 4% on the […]Read More
… imagined effects on Nigeria’s oil and consumers An LNG market crisis, such as the March 2026 disruption in Qatari supplies, creates immediate global price shocks, intensified Asia-Europe competition for cargo, and severe shipping bottlenecks. It threatens to significantly increase energy costs, force fuel switching, and trigger supply shortages in import-dependent regions, similar to the […]Read More
Mar 05, 2026 Shell and Kazakhstan have signed an agreement for oil and gas exploration in the Zhanaturmys block in western Kazakhstan, the Kazakh Energy Ministry said on Thursday. The agreement – signed by Kazakhstan’s Deputy Energy Minister Yerlan Akbarov and Suzanne Coogan, Senior Vice President and Country Chair at Shell Kazakhstan – entails seismic […]Read More
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