Browsing Tag
Energy
60 posts
Nigeria records 207% jump in petrol imports as local refining dips
New data from the NMDPRA reveals a sharp 207% increase in Nigeria's petrol imports during June 2026, driven by a decline in local refinery output and crude oil supply constraints.
A New Chapter for North Sea Energy Policy?
Incoming Prime Minister Andy Burnham faces a complex balancing act as he navigates Labour's manifesto pledges on North Sea energy, legal hurdles for existing projects, and pressure from the industry to reform windfall taxes.
Kuwait Reports Second Attack on Power and Water Infrastructure by Iran
Kuwait has reported a second hostile strike by Iran on its essential utility infrastructure, resulting in fire damage and the disabling of power units.
International Oil Prices Jump by Over Four Percent
Global crude oil prices rose by over 4 percent due to Middle East tensions, causing local fuel price adjustments in Nigeria.
US-Iran Tensions Cause Significant Decline in Strait of Hormuz Shipping Traffic
Heightened tensions between the US and Iran have led to a sharp decrease in vessel traffic through the Strait of Hormuz, threatening global energy supply chains.
Petrol Importers Raise Depot Prices to N1,350 Per Litre
Petrol importers are raising depot prices to N1,350 per litre starting July 17, citing increased import costs and global shipping disruptions.
Dangote Refinery Addresses Rumors Regarding Petrol Sales Suspension
Dangote Refinery officially denies reports of halted petrol sales, clarifying that its 700,000-barrel-per-day operation continues as depot owners hike prices.
Nigeria records highest oil production in over six years
Nigeria has reached a 74-month production high of 1.56 million barrels per day, exceeding its OPEC target through improved security and stable operations.
Ukrainian drone strike triggers fire at Russian refinery, resulting in casualties
Ukrainian drone strikes in Russia's Samara region caused fatalities, injuries, and a fire at the Syzran oil refinery, exacerbating national fuel shortages.
Moscow dismisses American assertion that Ukrainian attacks will hasten conflict resolution
The Kremlin rejected suggestions from US officials that Ukrainian drone strikes on Russian energy targets could speed up peace negotiations, warning instead that such actions will only prolong the fighting.