Asia’s Crude Oil Imports Hit Two-Year Low amid Weak Demand in China, India
Asia’s crude oil imports fell to their lowest level in two years in July, driven by weak demand in the region’s top importers,
OIL & GAS
OIL & GAS
Nigerian Senate Supports Crude Sales to Dangote Refinery in Naira to Strengthen Naira
The Nigerian Senate has expressed optimism that the decision to sell crude oil to the Dangote Refinery and other local refineries in Naira
Uncategorized
OPEC+ May Hold on to Output Policy at August 1st JMMC Meeting
Top ministers from the Organization of the Petroleum Exporting Countries and allies led by Russia, (OPEC+), will be holding an online joint ministerial
ELECTRICITY
Electricity Subsidy Payments Surge to over ₦633 Billion in Q1 2024
In the first quarter of 2024, Nigeria’s electricity subsidy payments skyrocketed to over ₦633.30 billion, representing a 150.5% increase from the ₦252.76 billion
OIL & GAS
BP Boosts Dividend, Share Buybacks amid Strong Q2 Profits
BP has announced a 10% increase in its dividend and an extension of its share repurchasing program after reporting a better-than-expected second-quarter profit
OIL & GAS
TotalEnergies Withdraws from South African Offshore Gas Block
French oil major TotalEnergies announced on Monday that it will withdraw from an offshore natural gas block off South Africa’s southern coast, citing
RENEWABLE ENERGY
European Clean Energy Firms Hesitant Over Possible Trump Presidency
European companies focused on clean energy are halting expansion plans, bracing for lower sales, or doubting funding for U.S. projects due to concerns
Uncategorized
Oil Ends Week Lower amid Declining Chinese Demand, Hopes for Gaza Ceasefire
Oil futures fell about 1.5% on Friday, capping a week of declines driven by reduced Chinese demand and optimism over a potential Gaza
OIL & GAS
Petrobras Bids for Major Stake in Namibia’s Offshore Oil Discovery
Brazil’s state-run oil firm, Petrobras, has made a non-binding offer to acquire a significant stake in Galp Energia’s vast offshore oil discovery in
ELECTRICITY
RENEWABLE ENERGY
Nigeria: Jigawa State Creates Ministry of Power and Renewable Energy
In a significant move towards sustainable energy development, Jigawa State Governor Mallam Umar Namadi announced the creation of the Ministry of Power and