Tag: Crude Oil

Oil prices experienced a slight decline on Monday as market participants anticipated potential policy changes from President-elect Donald Trump. Analysts speculate that Trump may relax sanctions on Russia’s oil industry ...

Global Oil prices saw a slight dip on Monday 30th December 2024 in thin holiday trading as market participants awaited crucial economic data from China and the U.S. later in ...

Nigeria, Africa’s largest crude oil producer, has reached a milestone in its energy sector as a consortium of local companies, Renaissance, successfully acquired Shell’s onshore oil and gas assets in ...

Shell Offshore Inc., a subsidiary of Shell plc (Shell), has announced the Final Investment Decision (FID) for the Phase 3 Silvertip project, a strategic expansion aimed at enhancing production from ...

Nigeria, Africa’s largest oil producer, is grappling with a significant decline in active oil rigs, presenting a serious obstacle to the federal government’s goal of reaching a daily crude oil ...

The outlook for U.S. oil and gas production appears steady but cautious, with no significant increases expected despite President-elect Donald Trump’s calls for aggressive expansion.   Speaking at a London ...

The newly appointed Executive Vice President, Upstream, of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Udobong Ntia, has emphasized the need for stakeholders in Nigeria’s oil and gas ...

The 9th edition of the Uganda International Oil and Gas Summit (UIOGS) has concluded with a resounding call for sustainable economic transformation driven by Uganda’s emerging oil and gas sector. ...

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has announced that Russia has become the largest supplier of crude oil to India, accounting for more than 35% of ...

The State of African Energy Outlook Report 2025 has painted an optimistic yet cautious picture projections for Africa’s oil production, positioning the continent as a critical player in the global ...