Oil prices could spike and hit again their peak Iran-war levels at nearly $120 per barrel if a full recovery of vessel traffic through the Strait of Hormuz takes until...
The uptick marks a rebound from January’s slowdown and reflects a sustained push toward reserve diversification. Global gold demand from central banks remains highly concentrated among a small group of...
During a meeting between Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, and Nikolai Shulginov, Chairman of the Russian Duma Committee on Energy, Minister Esmat emphasized the necessity...
China’s independent refiners are looking for prompt Iranian crude cargos after Beijing issued the latest batch of quotas for oil imports and after international prices took a plunge following...
Shell expects its adjusted earnings in marketing and oil trading for the first quarter to be “significantly higher”, the UK-based supermajor said in a trading update on Wednesday in a preview...
The company first touted the deal back in September 2024, following a meeting in New York between some of its executives and Nigeria’s vice president, Kashim Shettima. After the...
The refinery, located in Viana near Luanda, has a processing capacity of about 20 kilograms per day. Construction and equipment installation have been completed, with commissioning and final technical...
The Minerva Gloria is docked at a wharf in the Mississippi Sound, not far from the US’s vast oil reserves in the Gulf of Mexico. The ship, 820ft (250m)...
ENI made the discovery with the drilling of the Denise W exploration well, located about 70 kilometres offshore in the Eastern Mediterranean Temsah oil and gas field. “Preliminary estimates...
“The recapitalisation programme has strengthened the capital base of Nigerian banks, reinforcing the resilience of the financial system and ensuring it is well-positioned to support economic growth and withstand...