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Oil prices extend gains as Trump sharpens rhetoric on Iran

07/04/2026 06:46 pm

Somalia set to begin first ever offshore oil drilling in April

07/04/2026 06:28 pm

Organization of the Petroleum Exporting Countries OPEC

OPEC+ agrees to boost oil output when Strait of Hormuz reopens

05/04/2026 09:00 pm

Nigeria's Seplat Energy resumes operations as oil workers halt strike action

04/04/2026 04:54 pm

Oil holds near six-month high as investors track US-Iran tensions

30/01/2026 06:49 pm

Nigeria puts up 50 oil blocks on offer for bidding

30/01/2026 06:07 pm

Energy | Oil

Oil prices extend gains as Trump sharpens rhetoric on Iran

Oil prices extended gains on Tuesday as U.S. President Donald Trump heightened his rhetoric against Iran, threatening stronger action if the country fails to reopen the Strait of Hormuz, a key global oil transit chokepoint.

Somalia set to begin first ever offshore oil drilling in April

OPEC+ agrees to boost oil output when Strait of Hormuz reopens

Oil prices extend gains as Trump sharpens rhetoric on Iran

Somalia set to begin first ever offshore oil drilling in April

Somalia is on the verge of embarking on its first-ever offshore oil drilling operation, marked by the arrival of the Turkish drillship Çagir Bey in Somali waters on Friday.

OPEC+ agrees to boost oil output when Strait of Hormuz reopens

MOSCOW/LONDON: OPEC+ agreed on Sunday (Apr 5) to raise its oil output quotas by 206,000 barrels per day for May, a modest rise that will largely exist on paper as key members are unable to increase production due to the US-Israeli war with Iran.

Nigeria's Seplat Energy resumes operations as oil workers halt strike action

Workers at Seplat Energy PLC, Nigeria’s largest independent oil and gas producer, have suspended their after the company issued written commitments on pay rises, their union said on Saturday. Workers walked out on Friday after wage negotiations stalled, raising concerns about oil and gas output at a time when Nigeria is seeking to maximise production amid rising global oil ⁠prices. In an April 4 letter to Seplat's Chief Executive Roger Brown seen by Reuters, Nigeria’s Petroleum and Natural Gas Senior Staff Association (PENGASSAN) said it had directed members at Seplat Energy to immediately suspend industrial action after negotiations resumed with...

Oil holds near six-month high as investors track US-Iran tensions

Oil prices climbed to near six- month highs on Friday as a result of concerns over the tensions between Iran and the US.

Nigeria puts up 50 oil blocks on offer for bidding

Opportunity to grab a juicy oil block as Nigeria opens bid for 50 blocks

NNPC Ltd officially announces shutdown of Port Harcourt Refinery

The Nigerian National Petroleum Company Limited has officially announced the shutdown of the Port Harcourt Refining Company. In a statement on Saturday, the NNPC confirmed a report by Saturday PUNCH that the facility will be shut down for a month for maintenance activities.