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  • [ June 23, 2025 ] Trump tells everyone to keep oil prices down after Iran attacks News
  • [ June 23, 2025 ] Although oil prices remain capped, some effects on market from Israeli-Iran conflict are noticeable News
  • [ June 23, 2025 ] Oil market braces for surge following U.S. airstrikes on Iran News
  • [ June 22, 2025 ] SBM to become first FPSO operator in Suriname with TotalEnergies’ contract win News
  • [ June 22, 2025 ] Military efforts slash crude oil theft, as Minister hails Armed Forces News
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Oil forecasts revised higher as Saudi, Russian supply cuts drive gains

– Saudi, Russia to dictate prices over the next 3 months – analyst– US shale, Iran and Venezuela oil production to ease tightness– For a table of crude price forecasts, click Bengaluru — Saudi and […]

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Nearby Brent crude spread hits 2023 high on tight supply

*North Sea Brent oil London — The spread between the front and second month contract for global oil benchmark Brent has widened to its highest this year, in another strong indicator of a supply deficit […]

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Bayelsa communities threaten to shutdown Shell operations over Development Trust

Mkpoikana Udoma Port Harcourt — Seven communities in Bayelsa State have vowed to shutdown operations of the Shell Petroleum Development Company of Nigeria Limited, SPDC, over inauguration of the Host Community Development Trust, HCDT, for Estuaries […]

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TotalEnergies to return more cash to shareholders

– As oil and gas output rise Paris — French energy group TotalEnergies (TTEF.PA) is to increase returns to shareholders and plans to raise its oil and gas production by 2 to 3% per year […]

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Afreximbank turns to oil traders for NNPC’s $3bn loan

Sam Ikeotuonye, with agency reports Lagos — Cairo, Egypt-based African Export-Import Bank or Afreximbank is tapping oil traders to finance a $3 billion loan to Nigeria’s state oil company NNPC Limited aimed at supporting the […]

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IPMAN flays NNPCL for allegedly re-introducing fuel subsidy payments

*Fuel dispenser pump Mkpoikana Udoma Port Harcourt — The Independent Petroleum Marketers Association of Nigeria, IPMAN, has raised the alarm over alleged secret reintroduction of fuel subsidy payments by the Federal government. Recall that President Bola […]

News

Fluenta installs 18 ultrasonic flare gas meters at Dangote Refinery

*The Dangote Refinery Cambridge, UK — Fluenta, the global leader in the use of ultrasonic sensing technology for the measurement of flare gas, has recently completed work on the Dangote Refinery, Africa’s biggest oil refinery […]

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‘State-owned refineries must run on NLNG model for sustainability’

* Experts during a panel session at the CGRP’s 6th International Mid/Downstream Oil and Gas Conference in Port Harcourt. – Say local solutions’ll tackle oil & gas challenges Mkpoikana Udoma Port Harcourt — The Federal […]

News

UK’s fossil fuel car ban delay may only stall investment

*Fossil fuels. – UK delay unlikely to affect global pace of EV shift– Analysts say delay is political, unsettles investors– Some brands plan to be fully electric before 2030 London — Britain’s decision to delay […]

News

China climate envoy says phasing out fossil fuels ‘unrealistic’

*Xie Zhenhua, China’s Special Envoy on Climate Change Singapore –– The complete phasing-out of fossil fuels is not realistic, China’s top climate official said, adding that these climate-warming fuels must continue to play a vital […]

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Recent News

  • Trump tells everyone to keep oil prices down after Iran attacks

    Trump tells everyone to keep oil prices down after Iran attacks

    June 23, 2025
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    Although oil prices remain capped, some effects on market from Israeli-Iran conflict are noticeable

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  • Military efforts slash crude oil theft, as Minister hails Armed Forces

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