Tag: global energy market

Iran tightens control of Strait of Hormuz with checkpoints, ship vetting and passage deals

Millitary Emmanuel -
Iran tightens control of Strait of Hormuz with checkpoints, ship vetting and passage deals as the world’s most important...

Oil prices drop amid US withdrawal from Iran as global markets react to easing Middle East tensions

Business Damilola Bayonle -
Global oil markets recorded a sharp pullback on Wednesday as geopolitical signals from Washington suggested a possible de-escalation in...

Dangote aviation fuel export to UK signals Nigeria’s rising role in global energy market

Business Damilola Bayonle -
Nigeria is fast positioning itself as a strategic supplier in the global energy market following fresh disruptions in aviation...

Middle East crisis pushes global buyers to Nigeria as oil, gas demand surges

Business Damilola Bayonle -
Nigeria oil gains from Middle East crisis reshape global energy dynamics Nigeria is emerging as one of the biggest beneficiaries...

Europe turns to Dangote refinery as jet fuel crisis drives global supply scramble

Business Damilola Bayonle -
Europe taps Dangote Refinery amid deepening jet fuel crisis A deepening global aviation fuel shortage has forced Europe to look...

Nigerian LNG cargo rerouted to Asia as gas prices soar and traders chase higher profits

Business Damilola Bayonle -
A recent shipment of liquefied natural gas exported from Nigeria has been redirected toward Asian markets after rising gas...

Global oil shock: Brent oil price surge hits $87 as Gulf conflict chokes supply

Business Damilola Bayonle -
Global energy markets have been jolted by a sharp rally in crude prices as geopolitical tensions in the Middle...

Nigeria crude eyes $80 as US-Iran tensions shake global oil supply routes

Business Damilola Bayonle -
Nigeria crude eyes $80 as US Iran standoff rattles global supply Nigeria’s oil market is bracing for a potential revenue...

Oil prices rebound as market focus shifts to Venezuela, supply uncertainty

Business Damilola Bayonle -
Global crude markets staged a measured recovery on Thursday as investors reassessed geopolitical developments involving Venezuela and weighed renewed...

OPEC oil demand forecast: Gasoline to drive 2026 growth

Economy Damilola Bayonle -
The Organisation of the Petroleum Exporting Countries (OPEC) has maintained its global oil demand and supply projections for 2025...

Oil prices surge to $67.37 amid market optimism

Business Damilola Bayonle -
Crude oil prices continued their upward trajectory yesterday, with Brent crude trading at $67.37 per barrel, up 0.07 per...