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CATEGORY

Energy

Moody’s Forecasts $85 Per Barrel For Crude Oil Prices

Vikash Halan, Associate Managing Director of Corporate Finance at Moody's Investors Services expects crude oil prices to average $85 per barrel for the rest...

Naira May Strengthen as Oil, Gas Prices Surge on Mid-East Turmoil

The Nigerian naira may get some respite from its recent persistent slide against the dollar as turmoil in the Middle East leads to a...

Oil Prices Dip on Middle East Turmoil

Oil prices edged down slightly on Tuesday after gaining more than 4% in the previous session as markets weighed the potential for supply disruptions...

OPEC: Oil Industry Needs $14 Trillion Investment

Organization of the Petroleum Exporting Countries (OPEC) said the world needs $14 trillion in cumulative investments in the oil industry by 2045 to ensure...

Hamas Attack: Chevron Shuts Down Israeli Natural Gas Field

Following this weekend’s attack by Hamas on Israel, Chevron, the operator of the Tamar gas field offshore southern Israel, has shut down production at...

Full List: 11 Newly Licensed Independent Electricity Distribution Network Operators

The Federal Government has announced that it had issued licenses to 17 Independent Electricity Distribution Network operators, among which 11 are currently operational. This was disclosed...

India, Saudi Arabia Sign MoU On Green Hydrogen

India and Saudi Arabia have signed a Memorandum of Understanding (MoU) in electrical interconnections, green/clean hydrogen and supply chains. While regular B2B meetings will...

Oil Prices Soar After Hamas Attacks Israel

Crude oil prices jumped by more than $4 earlier today amid continued fighting between Hamas and Israel that began on Saturday. Brent crude was trading...

Russia becomes India’s Number One Supplier of Light-end Oil Product

Sellers of Russian naphtha shipped around 770,000 tons of the light-end oil product to India in the period January to September, compared to only...

Biden To Slash U.S Offshore Oil, Gas Leasing

U.S President Joe Biden has once again reduced oil and gas leasing after focusing on ramping up production from exciting oilfields in the last...

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