Energy – Page 8 – The Business Intelligence

Crude shipments through Hormuz at highest since war amid concerns over Iran exit demands

EditorJune 25, 2026

by EditorJune 25, 2026039

Photo caption: Vessels at the Strait of Hormuz, as seen from Musandam,Oman, June 25, 2026. REUTERS/Stringer Purchase Licensing Rights *Shipments through Hormuz rise after

Energy

Iraq warns it might leave OPEC if oil quota not raised, sources say

EditorJune 25, 2026

by EditorJune 25, 2026054

Photo caption: OPEC logo *Iraq is OPEC’s second-largest producer *Iraq’s economy under strain after Hormuz disruption *Iraqi exit would be a blow to the

Oil falls to pre-war levels on rising Middle East supply

EditorJune 25, 2026June 25, 2026

by EditorJune 25, 2026June 25, 2026045

Photo caption: Oil *Brent, WTI hit lowest since February 27 *Goldman Sachs says no significant pick-up in Iranian production expected *Iraq to consider all

Energy Gas

Train 7 hits 90% completion, generates 16,000 Jobs as NCDMB, NLNG advance local content

EditorJune 24, 2026June 24, 2026

by EditorJune 24, 2026June 24, 20260106

Photo caption: Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe (left) and Managing Director and Chief Executive Officer of NLNG, Engr. Adeleye Falade, when the management

Energy

VLCC earnings near $470,000 a day as Hormuz hopes drive tanker frenzy

EditorJune 24, 2026June 24, 2026

by EditorJune 24, 2026June 24, 20260100

Photo caption: Oil tanker.Photo credit: Oilprice.com Oil tanker rates have soared since the U.S. and Iran announced the memorandum of understanding as oil importers

Energy

Moscow oil refinery hit by drone attacks is unlikely to resume production this year, sources say

EditorJune 24, 2026June 24, 2026

by EditorJune 24, 2026June 24, 2026081

Photo caption: Smoke rises from an oil refinery following a Ukrainian drone attack in the course of Russia-Ukraine conflict, in Moscow, Russia, June 18, 2026,

Energy

More stranded oil tankers exit Hormuz, adding to global supply

EditorJune 24, 2026

by EditorJune 24, 20260120

Photo caption: Stranded oil tankers exit Strait of Hormuz Three stranded tankers carrying 5 million barrels of crude oil were exiting the Strait of

Energy Oil

Brent hits lowest since before start of Iran war on expectations of smoother oil flows via Hormuz

EditorJune 24, 2026June 24, 2026

by EditorJune 24, 2026June 24, 20260106

Photo caption: Drone view of oil tanker HELGA berthed at one of Iraq’s southern offshore oil terminals near Basra as it prepares to load crude oil,

Electricity Energy Industry & Commerce Manufacturing

SON unveils 200kW solar PV, to save over N86.7m on diesel, public power supply annually

EditorJune 24, 2026

by EditorJune 24, 20260141

By Charles Okonji The Standards Organisation of Nigeria (SON) has commissioned its newly installed 200kW solar-powered energy system to support its laboratory testing equipment, which

Energy

Dangote Refinery refutes false claims on PMS export and re-importation

EditorJune 24, 2026June 24, 2026

by EditorJune 24, 2026June 24, 20260103

Photo caption: Dangote Refinery The Management of Dangote Petroleum Refinery and Petrochemicals has noted with concern the circulation of unfounded and misleading claims suggesting

April 2019 Edition