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Saudi Arabia pushed other OPEC nations into oil cut, White House claims

Saudi Arabia pushed other OPEC+ nations into an output cut last week, the White House claimed on Thursday, part of an escalating war of...

Africa’s energy opportunities under the spotlight as Russian energy gap widens

By Paul Sinclair, VP Energy for Africa Oil Week. The International Energy Agency (IEA)’s 10-point plan to reduce the European Union’s reliance on Russian natural...

Nigerian troops recover 12.1m litres of stolen AGO, crude oil– Defence Hqt

The Defence Headquarters says the troops of Operation Delta Safe have recovered 12.1 million litres of illegally refined Automotive Gas Oil (AGO) and 4,000...

Fuel scarcity: NNPC urges Nigerians to avoid panic buying

The Nigerian National Petroleum Corporation (NNPC) Limited has reassured Nigerians that it has enough Petroleum Motor Spirit (PMS), popular called petrol, in stock, saying...

‘Dangote refinery will boost growth of downstream sector in 2022’

The Centre for the Promotion of Private Enterprise (CPPE), an economic advocacy group, has identified Dangote Petroleum Refinery as one of the key expected...

Oil begins new year with gains, Omicron worries linger

Oil prices firmed on Monday as the market kicked off 2022 on a positive note with suppliers in focus ahead of Tuesday's OPEC+ meeting,...

Oil prices ease, as focus shifts to next OPEC+ move

Brent crude futures snapped a three-day rally on Friday in light trading before the Christmas holidays, but the benchmark ended the week higher, with...

Oil up on weak dollar amid U.S.-China tensions, coronavirus pandemic

Oil prices edged higher on Monday, helped by a weak dollar and expected U.S. stimulus measures but gains were capped by rising global coronavirus...

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