Natural gas exports through the Strait of Hormuz plunged 95%, disrupting global energy and commodity trade.…
Tag: Crude Oil
Japan Targets Economic Partnership Agreement with Ecuador
Japan is considering an Economic Partnership Agreement (EPA) with Ecuador to strengthen trade, energy security and…
FG Plans Major Shift from Crude Exports to Local Refining
The Federal Government plans to end crude oil exports by expanding local refining and positioning Nigeria…
China Targets 50% Non-Fossil Power by 2030
China will generate half of its electricity from non-fossil fuel sources by 2030 while maintaining high…
Ukraine Strikes Two Russian Oil Refineries Overnight
Ukraine has targeted two Russian oil refineries in Krasnodar and Yaroslavl as part of its campaign…
Dangote Refinery Targets 1.4m bpd Expansion
Dangote Refinery processed 700,000 barrels of crude oil per day during a performance test, surpassing its…
Saudi Arabia, Russia Call for Energy Market Stability
Saudi Arabia and Russia have urged greater stability in global energy markets as conflicts in Iran…
China Leans on Iranian Oil
China relies heavily on Iranian oil imports, leaving it particularly exposed to supply disruptions. Data show…
NNPC’s ₦7.1trn Energy Push Delivers ₦5.4trn Profit
The Nigerian National Petroleum Company Limited (NNPCL) spent ₦7.1 trillion in 2024 on what effectively amounts…
Russia Deepens Oil Ties with China
Russia plans to increase crude oil exports to China by extending existing agreements, Deputy Prime Minister…