The recent escalation in tensions surrounding Iran's oil exports threatens to destabilise African economies, particularly Nigeria, a significant oil producer. With the Strait of Hormuz as a…
Pakistan faces a critical fuel shortage, with only 26 days of stock left, as tensions in the Strait of Hormuz escalate. The government is considering implementing work-from-home measures to…
Iran has strongly refuted claims regarding the closure of the Strait of Hormuz, labelling them as 'baseless' and 'absurd'. In a recent statement, Iranian officials condemned the US for purp…
In a significant move, the United States has issued a license allowing limited sales of Russian oil to India, raising questions about its impact on global oil markets and African economies.…
As tensions escalate in key oil-producing regions, consumer companies in Nigeria are bracing for significant price hikes that could impact everyday goods. The ongoing conflict not only thre…
The ongoing conflict between the United States and Iran has resulted in the closure of the Strait of Hormuz, leading to significant uncertainty for countries reliant on this vital shipping …
The ongoing conflict between the US and Iran has triggered a significant rise in fuel prices across India, raising concerns about potential repercussions for Nigeria. With crude oi…
The ongoing crisis in the Middle East has sent shockwaves through global oil markets, leading to significant increases in petrol and diesel prices across Indian cities. As the conflict esca…
In a significant development for the energy sector, Portuguese oil companies have lauded the government's extraordinary discount on the Imposto sobre Produtos Petrolíferos (ISP), announced …
In a significant move to address the environmental degradation caused by oil spills in the Niger Delta, local communities have launched a comprehensive oil spill cleanup initiative aimed at restori…
The Nigerian Senate has successfully passed the much-anticipated Petroleum Industry Amendment Bill, a legislative move aimed at revitalising the country’s ailing local refining capacity. This decis…
Dangote Refinery has officially commenced the export of petrol to several West African countries, marking a significant milestone in Nigeria’s bid to become a regional hub for petroleum products. T…
