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Energy

Oil Prices On Course For Third Consecutive Weekly Gains

Crude oil prices were set for a third week of increases today, lifted by the growing imbalance between demand and supply, and by China’s...

Uranium Prices Hit 12-Year High

The price of yellowcake - uranium concentrate used in nuclear generation - has surged to the highest level in 12 years as nuclear once...

Real Reasons Why National Grid Collapsed – TCN

The Transmission Company of Nigeria (TCN) says the National grid collapse that occurred in the early hours of Thursday is due to a fire...

China’s LNG Threatens Global Gas Market Stability

China is back on the spot LNG market to seek cargoes for the coming winter, potentially upsetting a fragile balance in the global natural...

Nigeria Second Largest Oil Producer in Africa- OPEC

The Organization of the Petroleum Exporting Countries (OPEC) says Nigeria’s oil production increased to 1.18 million barrels per day (bpd) in August 2023 —...

Brent Crude Hits $92 A Barrel First Time in Ten Months

Brent crude increased by 1.69 percent to $92.23 a barrel, while U.S West Texas Intermediate jumped 2.02 percent to $89.05 a barrel at 16.46...

BP CEO Looney Resigns Over Relationships with Colleagues

The CEO of British energy giant BP has resigned after he accepted that he was not “fully transparent” in his disclosures about past relationships...

Crude Build Ends Oil Gains

The American Petroleum Institute (API) has reported a 1.174-million-barrel build in U.S. crude inventories, compared to the previous week's 5.521-million-barrel draw. Analysts were expecting an...

Guyana’s Sweet Crude Boom Challenges Nigeria, OPEC+

Guyana, a former British colony of less than one million people, is now a major South American oil producer and global petroleum exporter, which...

Crude Oil Theft: Reps To Investigate NNPC, NIMASA, NIWA Activities

The House of Representatives ad hoc committee investigating crude oil theft has insisted on the appearance of the group chief executive officers of the...

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