EU Sanctions Drive Long-Term Diesel Price Surge, TotalEnergies Warns
European Union sanctions targeting Russian-linked oil supplies have triggered a surge in global diesel prices, with industry leaders warning of […]
OIL
Hungary, Serbia Push Russian Oil Pipeline Defying EU Sanctions
Hungary has advanced plans to construct a 300-kilometer oil pipeline linking the country to Serbia, a project it claims will
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
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
Global News
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