international market, up from $65, after news broke of Israel’s surprise strike on Hamas targets in Qatar. The development, which rattled the oil market, immediately triggered fears of supply disruption …
Oil & Gas
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EconomyEnergyGOVERNMENTInternational AffairsMiddle eastOil & GasPolicies
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The Association of Distributors and Transporters of Petroleum Products (ADITOP) has distanced itself from the planned strike by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and allied …
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BusinessEnergyMarket StabilityOil & GasOPEC+
OPEC+ to Raise Oil Output by 137,000 Barrels Daily in October
The global oil market is set for another adjustment as eight member countries of the OPEC+ alliance announced plans to increase their crude oil production by a total of 137,000 …
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The average cost of refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, dropped significantly in August 2025, according to market checks and fresh data …
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EconomyGovernanceInfrastructureOil & GasPolitics
South-South Development Commission to Focus on Infrastructure
The South-South Development Commission (SSDC) has announced plans to focus on key projects that will accelerate growth in the region, with rail and road infrastructure, industries, agriculture, telecommunications, housing, and …
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AfricaBusinessEnergyINVESTMENTOil & GasTrade
Africa’s Biggest Energy, Oil and Gas Summit to Hold in Namibia October 2025
The International African Energy, Oil and Gas Summit (IAEOGS) will return to Windhoek, Namibia, from October 6 to 9, 2025, for its fourth edition. The organisers say the summit has …
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EconomyEnergyJobsOil & GasWestern Africa
Cabinda Refinery Starts Operations With 30,000 Barrels Daily
Angola has recorded another major step in its oil and gas sector as the brand-new Cabinda Refinery officially begins operations this September 2025. The refinery, located in the oil-rich Cabinda …
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BusinessEconomyEnergyOil & GasPoliciesTrade
Dangote Refinery Exports Petrol to US as Marketers Still Depend on Imports
by Joy Radarrby Joy RadarrThe Dangote Petroleum Refinery has exported its first shipment of Premium Motor Spirit (PMS), also known as petrol, to the United States, even as Nigerian fuel marketers continue to rely …
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AviationBusinessEconomyOil & GasPoliticsRegulation
Helicopter Operators Reject $300 Landing Fee as Aviation Ministry Redirects Charge to Oil Companies
A quiet but tense standoff has continued between the Ministry of Aviation and Aerospace Development and helicopter operators in Nigeria following the reintroduction of a $300 landing fee ordered by …
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Brega Petroleum Marketing Company has confirmed that operations at the Ras Al-Mungar depot are proceeding smoothly and at full capacity. On Friday, the tanker Anwar Al-Nasr arrived at the depot’s …