Shell, ExxonMobil, Chevron, Total, Eni risk losing $2.3trn in looming peak oil demand
Anglo-Dutch Shell, American ExxonMobil and Chevron, French Total and Italian Eni, the world’s biggest multinational oil companies are said to ...
Thursday, June 25, 2026
Tag: Oil & gas
12% drop in oil pipeline vandalism increases Nigeria’s earnings
Baring major downward swing in the price of crude oil at the international commodities market or shift in OPEC’s support ...
Shell Nigeria makes final investment decision on gas project in Niger Delta
L-R: Osagie Okunbor, Managing Director, SPDC Ng., Muhammad Barkindo, Sec. Gen.OPEC and Ibe Kachikwu, Minister of State Petroleum at a ...
Oil price hedging loses steam as low prices lure airlines, shippers
The past month’s plunge in oil prices has turned the market for hedging upside down. Oil producers have scaled back ...
Nigeria, Libya not seen as threat to OPEC cuts, says Saudi Energy Minister
Khalid al-Falih, the Saudi Energy Minister, has expressed optimism that the oil market will rebalance in the coming months, just ...
Julius Berger, Petralon venture into oil exploration despite global price instability
Still searching for growth opportunities, Nigeria’s construction giant, Julius Berger Nigeria Plc said it is venturing into crude oil exploration ...
Forte Oil’s N20bn share sale: Analysis shows offers little or nothing to investors
ANALYSIS Downstream oil and gas firm, Forte Oil Plc, which also plays in the power generating space, recently disclosed plans ...
Oil market heading in right direction, says Saudi’s energy minister
Saudi Arabia's Energy Minister Khalid al-Falih talks to journalists before a meeting of OPEC oil ministers in Vienna Saudi Energy ...
Oil’s gloomy summer triggers hedge fund doubts on gasoline amid high demand of product
Hedge-fund pessimism about crude prices is spilling into gasoline markets, even at the time of year when demand is highest. ...
Libya’s export halt gives crude prices reprieve in week of persistent losses
Crude oil prices climbed slightly higher Friday after announcement by Libya that it had temporarily halted its export. But oil ...
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