Oil Prices Rise Amid Shrinking US Oil Inventories
Oil prices surged on Thursday, propelled by an unexpected drop in US crude oil inventories that points to a strengthening
Jeremiah Ayegbusi
June 5, 2025
- May 6, 2026
Oil prices surged on Thursday, propelled by an unexpected drop in US crude oil inventories that points to a strengthening
Oando PLC has announced the successful upsizing of its reserve-based lending facility (RBL2) to $375 million. The funding, led by
Nigeria’s bold new policy to cut upstream oil production costs must overcome legal ambiguity, regulatory overlaps, and institutional frictions, warns
Oando PLC, Nigeria’s leading indigenous energy company, released its audited financial results for 2024, showcasing a transformative year marked by
Nigeria’s estimated $34 billion lithium reserves offer a promising opportunity to diversify its oil-dependent economy. As global demand for lithium,
President Tinubu’s new Upstream Petroleum Operations Cost Efficiency Incentives Order (2025) ties tax relief to verifiable cost savings in Nigeria’s
Vatican City, the seat of Catholic papacy, has completed its move to solar-powered energy following the completion of its agrivoltaic
Eko Electricity Distribution Company (Eko Disco) Prepaid electricity meters have become the norm in recent years with the gradual phasing
French oil giants TotalEnergies have announced that its subsidiary TotalEnergies Nigeria has signed an agreement with Shell Nigeria Exploration and
Oil prices are declining ahead of the meeting of the Organization of the Petroleum Exporting Countries and its allies, collectively
Oil prices climbed in the global commodity market on Monday, propelled by US President Donald Trump’s decision to delay imposing
Seplat Energy Plc, the leading Nigerian independent energy firm dual-listed on the Nigerian Exchange Limited (NGX) and the London Stock
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