The International Energy Agency (IEA), in its May 2024 Oil Market Report, reduced its forecast for…
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Dangote Plans to Set Up Oil Trading Firm – Report
Africa’s wealthiest individual, Aliko Dangote, is in the planning stages of establishing an oil trading arm,…
Oil Prices Increase After OPEC+ Extends Output Cuts
Oil prices increased slightly on Monday, March 4, following the widely expected extension of voluntary output…
TotalEnergies to Sell Stake in Nigerian Onshore Oil
TotalEnergies has stated plans to sell its minority stake in a significant Nigerian onshore oil joint…
IPR Energy Discovers Oil in Egypt
US-based IPR Energy Group (IPR) has discovered oil with its West AY-1X exploration well onshore Egypt.…
NNPC Restores 275,000bpd of Oil, Resolves Workers Strike
NNPC Ltd restored 275,000 bpd (barrels per day) at its joint venture with Total Energies, resolving…
Westmount Energy Projects High Investments in Oil Sector
Westmount Energy Limited projects investment in the oil sector ‘upstream’ segment to reach its highest level…
Global Oil and Natural Gas Demand to Rise for Decades
Woodside Energy Group, a key supplier of fossil fuels to the Australian region, has said the demand for…
Saudi Arabia, Russia to Continue Additional Voluntary Oil Cuts
Major oil exporters, Saudi Arabia and Russia, have confirmed that they would continue their additional voluntary…
Brent Oil Hits $90 Amid Israel-Hamas Conflict
Brent oil futures rose above $90 a barrel today after passing the threshold on Friday. This…