Oil slips after OPEC+ agrees to hike output in September
Photo caption: Oil prices slipped in early Asian trade on Monday after OPEC+ agreed to another large production hike in September. Brent crude futures
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Ikeja Electric boosts supply as Kwaru 15MVA Injection Substation begins operation
Ikeja Electric Plc, Nigeria’s leading electricity distribution company, has commissioned the new, cutting-edge Kwaru 15MVA Injection Substation in Abaranje, Ikotun area of Lagos State, Nigeria.
Chevron beats Wall Street profit estimates with record output
Photo caption: Chevron logo Chevron beat analyst estimates for second-quarter profit on Friday as record oil and gas production and lower capital expenditure helped
US sanctions force vessels with Russian oil to divert from India, sources say
Photo caption: U.S. President Donald Trump At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations
Exxon beats profit estimates, eyes acquisition opportunities
Photo caption: ExxonMobil logo Exxon Mobil beat Wall Street estimates for second-quarter profit on Friday as higher oil and gas output and low production
OPEC+ expected to raise oil production further on Sunday, sources say
Photo caption: OPEC logo OPEC+ will likely approve another oil output hike on Sunday, sources familiar with the discussions said, adding that the producer
Oil sinks as slew of weak US economic data revives demand fears
Photo caption: Oil Oil sank as the outlook for the world’s largest economy darkened after a barrage of poor US data and tariff announcements,
Sanctioned Russian oil ships await clarity off Indian coast
Photo caption: Oil tanker. Photo credit: Reuters While Indian refiners are scrambling to understand the implications of President Trump’s threatened “penalties” on India for
OPEC+ nears decision point on next oil output hike
Photo caption: OPEC logo OPEC+ is inching toward a pivotal decision this weekend: whether to greenlight another 548,000 bpd in production hikes for September,
Dangote refinery gets new CEO
Photo caption: Dangote Refinery The Dangote Petroleum Refinery and Petrochemicals has appointed David Bird, the former head of Oman’s Duqm Refinery, as its new
