CATEGORY
Energy
Oil Prices On Course For Third Consecutive Weekly Gains
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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
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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
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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
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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
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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
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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
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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
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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+
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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
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The House of Representatives ad hoc committee investigating crude oil theft has insisted on the appearance of the group chief executive officers of the...