Two Saudi oil tankers targeted as Houthi blockade disrupts Red Sea shipping
Photo caption: An oil tanker At least two tankers have turned away from the Bab el-Mandeb Strait after Yemen’s Houthis said they have struck
Author : Editor
US reaches nuclear power deal with Saudi Arabia
Photo caption: US and Saudi Arabia’s flags *Congress now has 90 session days to object before the pact takes effect *The pact omits the
TotalEnergies posts strongest profit in nearly three years as Iran conflict lifts oil prices
Photo caption: TotalEnergies logo *Best quarter in nearly three years *Refining segment, which includes trading, up 362% year-on-year on rising prices *Share buybacks maintained
Oil prices rise for a fifth day as US-Iran hostilities threaten supply routes
Photo caption: Oil pump jack *WTI surpasses $90/bbl for the first time since June 11 *Houthis say they attacked Saudi tankers in the Red
Dangote Refinery resumes sale of petrol in Naira
Photo caption: Dangote Refinery By Emeka Ugwuanyi Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit (PMS) in naira, providing a measure
FG settles N333bn GenCos debts
Photo caption: Special Adviser to President Bola Tinubu on Energy, Olu Verheijen The Federal Government on Tuesday said it had fulfilled all commitments under the
NUPRC awards 37 oil blocks, warns against delays
Photo caption: NUPRC logo The Nigerian Upstream Petroleum Regulatory Commission on Tuesday declared 31 companies as winners of 37 oil and gas blocks under
Fossil fuels still generate 57% of the world’s electricity
Photo caption: Oil pump jack Coal, gas and oil still generate 57% of the world’s electricity, down from 65% in 2000, according to Pew
Mideast war escalation threatens recovery in global oil refining
Photo caption: Oil storage tanks in Taoyuan, Taiwan, March 20, 2026. REUTERS/Ann Wang/File Photo Purchase Licensing Rights *Crude supply disruption hampers Asian fuel output
Oil extends gains to near six-week highs on new Middle East supply risks
Photo caption: Oil Oil prices extended gains to trade near six-week highs on Wednesday as fears of further supply disruptions intensified after U.S. forces
