Tankers reportedly ablaze near Strait of Hormuz
*Three tankers are reportedly on fire in the Gulf of Oman, with conflicting reports about the cause including a possible collision. *The incident occurs amid
Category : Energy
Iran threatens to leave Nuclear Treaty and close Strait of Hormuz
Photo credit: Oilprice.com *Iran is considering withdrawing from the Nuclear Non-Proliferation Treaty due to escalating attacks from Israel. *Threats to close the Strait of
China continues to stockpile crude oil
Photo caption: Chinese President, Xi Jinping China’s crude oil stockpiles likely grew at an elevated rate for the third consecutive month in May, which
Oil surges over 3% as Israel strikes Iran’s Natanz enrichment facility
Photo caption: Oil Brent crude spiked over 2.5% on Tuesday after Israel launched an airstrike on Iran’s underground uranium enrichment facility at Natanz, the
Austria urges EU to reconsider Russian gas ban after peace deal
Photo caption: EU logo The European Union should be open to re-evaluating the ban on Russian gas imports it is currently seeking to enforce
Banks boost fossil fuel financing first time since 2021
The world’s biggest banks raised their combined financing for fossil fuels by more than one-fifth last year, bucking a falling trend since 2021 amid a
EU proposes ban on Russian gas imports by end of 2027
Photo caption: EU logo The Commission has put forward a proposal to gradually and effectively stop the import of Russian gas and oil into
Israel-Iran crisis: PENGASSAN kicks as petrol prices rise
Photo caption: President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Festus Osifo Depots have hiked the pump prices of Premium Motor
New IEF report highlights building market momentum to scale carbon anagement solutions
Photo caption: IEF logo The International Energy Forum (IEF) today released its report, Building Markets to Scale Carbon Management Solutions, calling attention to growing
Power failures spark push for renewable energy
Photo caption: Minister of Power, Adebayo Adelabu With a particular focus on the role of the Nigerian Electricity Regulatory Commission (NERC), DAMILOLA AINA highlights how
