August 26, 2025 Crude oil prices dipped but stabilized today, after rising to a three-week high on Monday as traders brace for the impact of the additional 25% tariffs that the Trump administration is set to impose on Indian imports from Wednesday. At the time of writing, Brent crude was trading at $68.48 per barrel, with West Texas […]Read More
August 26, 2025 India’s state-controlled and private refiners are expected to trim their near-term purchases of Russian oil as the U.S. is set to double tariffs on goods to 50% as of Wednesday due to India’s imports of Russian crude. The top state-owned refiners and private refiners, including Reliance Industries and Rosneft-linked Nayara Energy, are […]Read More
August 25, 2025 Crude oil prices moved higher in early Monday trade, with macro tailwinds from a more dovish U.S. Federal Reserve and fresh supply jitters after Ukrainian drone attacks on Russian energy infrastructure. The U.S. Benchmark, West Texas Intermediate (WTI), climbed to its highest in three weeks, while Brent crude has pushed above $68 […]Read More
August 25, 2025 Fears of a coming oversupply are weakening the Brent futures structure, while increased appetite for Middle Eastern crude is supporting the key benchmark prices that the top oil-producing region uses for pricing of barrels loading for Asia. As a result, Brent Crude prices slipped on Monday into a rare, albeit tiny, discount to the […]Read More
…As Ojulari Lauds Tinubu’s Unprecedented Support for Oil & Gas Industry The Nigerian National Petroleum Company Limited (NNPC Ltd.) and several upstream gas suppliers have signed long-term Gas Supply Agreements (GSAs) with the Nigeria Liquefied Natural Gas Limited (NLNG) for the delivery of 1.29 billion standard cubic feet per day (bscf/d) of Feedgas. The 20-year […]Read More
August 22, 2025 Private Chinese firm China Concord Resources Corp (CCRC) is developing two oilfields in Venezuela, from which it expects to produce 60,000 barrels per day (bpd) of crude by the end of next year, thanks to a planned investment of $1 billion, an executive involved in the project told Reuters on Friday. Private Chinese operators […]Read More
August 22, 2025 Crude oil prices extended their Thursday gains earlier today, set for a weekly rise as the prospect of peace in the Ukraine dimmed amid seemingly incompatible demands from the warring parties. At the time of writing, Brent crude was trading at $67.63 per barrel, with West Texas Intermediate at $63.51 per barrel, both slightly down from […]Read More
President Bola Tinubu has commissioned a 40,000-cubic-metre Liquefied Petroleum Gas (LPG) vessel built in Ulsan, South Korea, expanding WAGL Energy Limited’s fleet capacity to over 160,000 cubic metres; the company is a joint venture between NNPC Limited and Sahara Group. President Bola Ahmed Tinubu says Nigeria is poised to deliver clean and sustainable energy solutions not […]Read More
.Advise govt against inconsistency in policy changes The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised concern over what it described as persistent unsafe practices in oil installations, cautioning that operators that are avoiding the right process would put the lives of Nigerian workers in danger. President of PENGASSAN, Festus Osifo […]Read More
Rainoil Ltd. has received ‘MT Princess Oge’, a 45,000-metric-ton oil product tanker, on her maiden voyage into Nigerian waters. The development marks a significant step in strengthening petroleum product distribution across the country. Dr Gabriel Ogbechie, Group Managing Director of Rainoil Ltd., said the Japan-built vessel, with a deadweight tonnage of 45,996MT, successfully discharged 20,000MT […]Read More
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