Category : Oil

Latest and breaking oil news from various energy sector around the world. Our news analysis covers Fossil fuels and alternative energy

Why Oil News?

Oil has been the world’s most important source of energy since mid-1950s. Its products underpin modern society, supplying energy to power industry, heat homes, fuels for vehicles and various means of transportation to carry goods and people all over the world.

For this reason, it is important we stay informed on one of our high-priced goods to ensure our resources are safe and secured.

Sahara Group Foundation reaffirms support for African entrepreneurs with MADAA reloaded

EditorMay 6, 2025May 6, 2025

by EditorMay 6, 2025May 6, 2025026

Sahara Group Foundation reaffirms support for African entrepreneurs with MADAA reloaded By Yunus Yusuf L-R, Tolulope Odubela, Technology Lead, Asharami Innovations; Bethel Obioma, Head,

Energy Oil

Oil price slide triggers demand jump and slight rebound

EditorMay 6, 2025

by EditorMay 6, 2025026

Photo caption: Oil Low oil prices have done what they always do, boosting demand for the commodity. This, in turn, has led to a

Energy Oil

Oil climbs nearly 3% as fall in price triggers buying; oversupply worries

EditorMay 6, 2025

by EditorMay 6, 2025023

Photo caption: Oil Oil gained more than $1.50 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a decision by OPEC+ to

Banking Business Editor's Picks Energy Featured Finance Gas Metro Oil Petrochemicals

Lokpobiri urges African countries to unite against energy poverty

EditorMay 5, 2025May 6, 2025

by EditorMay 5, 2025May 6, 2025039

By Yunus Yusuf Mr Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), has urged African nations to forge a united front in

Energy Oil

StanChart cuts 2025 oil price forecast by $16/bbl amid Trump’s tariffs

EditorMay 5, 2025

by EditorMay 5, 2025041

Photo caption: Oil *StanChart has turned bearish on oil, slashing its 2025 forecast by $16 to $61/bbl amid recession fears. *Saudi Arabia appears ready

Energy Oil

OPEC+ eyes 2.2 million bpd output surge by November

EditorMay 5, 2025

by EditorMay 5, 2025040

Photo caption: OPEC logo The Organisation of the Petroleum Exporting Countries and allies, known as OPEC+, is reportedly planning to accelerate oil output hikes,

Energy Oil

Bellazir Energy unfolds bold vision to transform Nigeria’s downstream sector

EditorMay 5, 2025

by EditorMay 5, 2025035

Photo caption from left: Nnenna Ubani, CEO, NNESCA Global Services Ltd; Patricia Simon-Hart, co-Founder, Women in Energy Network; Christabel Aniemeka, Managing Director, Bellazir Energy Limited;

Energy Gas Oil

Shell studying BP’s acquisition bid – Report

EditorMay 5, 2025

by EditorMay 5, 2025037

Photo caption: Shell logo Shell is reportedly considering a takeover bid for fellow supermajor BP, which has seen its fortunes dim recently after its

Energy Oil

The trade war is already hurting oil demand

EditorMay 4, 2025May 4, 2025

by EditorMay 4, 2025May 4, 2025047

Photo caption: Oil *Tariffs are already slashing U.S.-China container traffic, hitting shipping and aviation demand, with trucking and diesel next in line. *Shipping firms

Energy Oil

OPEC+ approves another oil output hike for June

EditorMay 3, 2025

by EditorMay 3, 2025053

Photo caption: OPEC logo OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels

April 2019 Edition