Browsing Tag
Energy
48 posts
Russia implements diesel export ban following Ukrainian strikes on refineries
Russia has suspended diesel exports until late July in response to fuel shortages caused by Ukrainian drone attacks on its energy facilities.
REA Chief declares mini-grids a profitable investment for Nigeria’s energy sector
REA Managing Director Dr. Abba Aliyu reports that mini-grids are becoming a high-potential commercial asset, helping to secure private investment and reform Nigeria's power landscape.
Nigeria sees decline in cooking gas costs
Cooking gas prices across Nigeria have begun to stabilize and drop as supply constraints ease in the nation's capital.
Tehran promises preferential Strait of Hormuz pricing for allies
Iran's ambassador to China confirmed that while service fees will be implemented for traffic in the Strait of Hormuz, allied nations can expect preferential treatment.
Ukrainian forces strike major Russian oil facility in St Petersburg
Ukrainian military forces have successfully targeted a major oil terminal in St Petersburg and refuted claims that the town of Kostyantynivka has fallen under Russian control.
Nigerian petrol stations lower fuel costs again
Petrol stations in Abuja have lowered prices for the second time this week, tracking reductions initiated by the Dangote Refinery.
NNPC Reports 12.8 Percent Revenue Decline for May 2026 Amid Production Gains
The NNPC reported a revenue decline to N4.335 trillion in May despite an increase in crude oil and natural gas production levels.
Dangote Refinery and Congo’s National Oil Firm Discuss Energy Partnership
SNPC and Dangote Refinery are in talks to form a strategic partnership aimed at boosting regional energy security and refining capacity across Africa.
President Trump Demands Immediate Gasoline Price Reductions for American Consumers
President Donald Trump has pressured gasoline retailers to cut prices immediately, citing the decline in crude oil costs and threatening consequences for price gouging.
Nigerian Petrol Stations Prepare for Price Cuts Toward N1,000 per Litre
Fuel retailers in Nigeria are adjusting petrol prices downward, with expectations of reaching N1,000 per litre as global crude costs stabilize.