The ambitious target would more than double the country’s current crude oil production and strengthen Nigeria’s position as Africa’s largest oil producer at a time when higher output is...
An empty Malta-flagged, Greece-managed oil products tanker halted at anchor in the Strait of Hormuz near Oman early on Monday as vessel owners and operators grow increasingly wary of...
Global private investments in nuclear fusion hit a record $4.48 billion in 2025, in large part driven by the booming energy demands of AI data centers and rising global energy security...
Chinese refiners further slashed crude processing in June, with volumes crumbling to the pandemic lows of 2020 amid Strait of Hormuz supply disruptions and weakening domestic fuel demand. China’s...
Citigroup delivered $24.8 billion in Q2 revenue, up 14% year-over-year and beating consensus by over $1 billion, its highest in a decade. Equities trading surged 45% to $2.3 billion,...
Oil prices rose by about 2% on Friday after the US and Iran stepped up attacks across the Gulf, with shipping threatened by a potential Red Sea closure on...
Aliko Dangote is nearing the completion of a $2.5 billion private share placement for his refinery business, marking a major step toward what could become Africa’s largest initial public...
The African Development Bank (AfDB) has approved a $400 million loan to help South Africa overhaul electricity and water services in Mpumalanga Province, marking a significant boost to the...
The National Oil Corporation (NOC) announced that the Essar oil discovery in the prolific Sirte Basin has successfully completed its technical and economic evaluation, paving the way for development...
The head of the International Energy Agency has warned that global energy security is under serious threat unless efforts by the United States and Iran lead to improved oil...