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featured Oil and Gas

Iran denies US talks, accuses Trump of oil market manipulation

Iran has firmly denied engaging in any negotiations with the United States. This directly contradicts claims by US President Donald Trump that both nations recently held productive conversations. In a statement issued on Monday, Iran’s foreign ministry insisted that no discussions are taking place between Tehran and Washington. It dismissed Trump’s remarks as a strategic […]

News

Trump orders five-day ceasefire on Iran energy sites amid talks

United States President Donald Trump announced on Monday that he had ordered a halt to threatened military strikes on Iranian energy infrastructure following productive discussions with Tehran. The announcement came amid an ongoing conflict in the Middle East, now in its fourth week, which has involved tensions over the Strait of Hormuz and attacks on […]

Maritime

Iran defies Trump Hormuz reopening order, threatens gulf mines

Iran threatened on Monday to deploy naval mines in the Gulf and target power plants across the region in defiance of United States President Donald Trump’s ultimatum demanding that the Islamic republic reopen the Strait of Hormuz. The escalated rhetoric followed warnings that the world faces an energy crisis more severe than the combined impact […]

featured Oil and Gas

Crude oil surges to $146pb amid US-Iran war fears

Crude oil has surged to $146 per barrel amid escalating fears from the ongoing United States-Iran war, sparking fresh concerns in Nigeria over potential further increases in the price of Premium Motor Spirit, also known as petrol. This sharp rise in global crude prices is driven largely by the conflict, with significant disruptions to energy […]

Helth

UAE orders closure of Iranian-linked hospital in Dubai amid war

The United Arab Emirates has ordered the closure of an Iranian state-linked hospital in Dubai amid escalating tensions between the two neighbouring countries. The decision comes as ties deteriorate due to Tehran’s aerial campaign against Gulf states following strikes on Iran by the United States and Israel starting February 28. Since then, Tehran has launched […]

Oil and Gas

Iran to facilitate Japan oil transit through Hormuz amid war

Iranian Foreign Minister Abbas Araghchi has stated that Tehran is prepared to assist Japanese ships in transiting the Strait of Hormuz, a critical chokepoint for global oil supplies. This was revealed in an interview with Kyodo News published on Saturday. Japan heavily relies on crude oil imports from the Middle East, with the majority passing […]

featured Oil and Gas

Dangote Refinery raises petrol price to ₦1,245/itre

Dangote Petroleum Refinery has announced a fresh increase in the price of Premium Motor Spirit, also known as petrol. The refinery cited escalating global geopolitical tensions and rising crude oil costs as the driving factors. In a notice sent to petroleum marketers late Friday, the refinery revealed that its ex-depot (gantry) price would rise from […]

Oil and Gas

S’Africa, others turn to Dangote Refinery amid Iran war

Several African countries, including South Africa, have approached the Dangote Petroleum Refinery to secure fuel supplies following disruptions linked to the ongoing conflict involving Iran, Bloomberg reports on Friday. Findings showed that the 650,000-barrels-per-day refinery owned by Nigerian billionaire Aliko Dangote has received multiple inquiries from governments seeking alternative fuel sources. South Africa is reportedly […]

Oil and Gas

Iran drones hit Kuwait refinery amid Middle East war

Firefighters battled a fresh blaze at Kuwait’s Mina Al-Ahmadi oil refinery on Friday following another Iranian drone attack. This occurred as millions in Iran marked the Persian New Year, Nowruz, with subdued celebrations amid the ongoing war. European leaders called on Thursday for an end to attacks targeting Gulf energy infrastructure. Despite this, Kuwait reported […]

Energy

Iran strikes Qatar’s gas hub, Trump threatens massive retaliation

Qatar reported “extensive” damage on Thursday to the site of the world’s largest liquefied natural gas facility following Iranian strikes. This has sparked fears for global energy supplies and fresh threats from Donald Trump against Iran. Tehran carried out attacks on Qatar’s huge Ras Laffan LNG facility in retaliation for an Israeli strike Wednesday on […]