Drilling Rig Sinks in Gulf of Suez Killing 4 and Leaving 6 Missing
Tragedy has struck in the Gulf of Suez, where a drilling rig has sunk, resulting in the loss of four […]
OIL
US Strike on Iran Sparks Fears of Soaring Oil Prices and Escalating Middle East Conflict
Global Oil Prices Set to Soar as US Enters Israel-Iran Conflict In a dramatic escalation of the Middle East conflict,
Oil prices surge nearly 5% as Israel-Iran conflict threatens key shipping route
Global oil prices have surged by almost 5% as the escalating conflict between Israel and Iran sparks concerns over the
OPEC+ Extends Oil Production Cuts Through December to Bolster Prices
Eight OPEC+ oil-producing nations, led by Saudi Arabia and Russia, announced on Sunday an extension of supply cuts until the
New sanctions on Russian oil could trigger humanitarian crisis
New Western Sanctions on Russian Oil Risk Global Economic Chaos A further tightening of Western sanctions on Russian oil could
NNPCL Refinery Operations Not Directed to Halt
Minister Clarifies Stance on Nigerian Refineries Nigeria’s Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has categorically denied directing the
Libya Reboots Oil Production After Force Majeure Ends
Libya’s Oil Production Resumes After Two-Month Halt Amid Political Crisis In a significant development, Libya’s state oil company, the National
Nigeria Unveils New Fiscal Incentives to Boost Oil & Gas Investments
Nigeria’s Oil and Gas Sector Gets Boost from New Fiscal Incentives In a move aimed at revitalizing Nigeria’s oil and
IPMAN Blames NNPCL for Fuel Scarcity, Calls for Fair Distribution of Products
Petroleum Marketers Association of Nigeria Cries Out Over Lack of Supply from Nigerian National Petroleum Company Limited The Independent Petroleum
Myanmar’s Central Bank to Release $100M to Ease Fuel Shortage Amid Currency Crisis
Myanmar’s Junta- Controlled Central Bank Injects $100 Million to Alleviate Fuel Crisis The economic crisis in Myanmar has taken another