oil
Trump Says Iran Allowed Oil Tankers Through Strait of Hormuz as ‘Gesture’ in Talks
United States President Donald Trump has said that Iran permitted the passage of 10 oil tankers through the strategic Strait of Hormuz as...
Israel Intensifies Decapitation Strategy as Iran Vows Retaliation
The conflict between Israel and Iran escalated sharply as Israel announced the killing of Iran Intelligence Minister Esmail Khatib in what it described...
Nigeria Balance of Payments Falls Sharply Amid Oil Revenue Decline in 2025
Nigeria external sector came under pressure in 2025 as the country Balance of Payments surplus dropped significantly reflecting deep structural challenges in trade...
Global Oil Markets Face Uncertain Future As Iran Conflict Disrupts Supply
Global energy markets are entering a period of heightened uncertainty as the ongoing conflict involving Iran begins to affect the stability of oil...
Russia Lifts Gasoline Export Restrictions to Ease Market Pressure
Russia announced that it has eased restrictions on gasoline exports allowing oil producers to resume shipments abroad. The move followed concerns about domestic...
Malaysia Detains Tankers Over Suspected Illegal Crude Transfers
Malaysian maritime authorities confirmed that two oil tankers carrying crude valued at approximately 129 million dollars were seized during operations targeting illegal fuel...
Nigeria’s President Tinubu Names New Oil Regulators During Dangote Conflict
In a crucial move for Nigeria's oil and gas sector, President Bola Ahmed Tinubu has nominated new heads for the Nigerian Midstream and...
U.S. Declares Venezuela a ‘Terrorist’ Government, Implements Oil Tanker Blockade
President Donald Trump has initiated a "total and complete blockade" of sanctioned oil tankers entering or leaving Venezuela to amplify pressure on President...
U.S. Employment Report Affects Markets as AI Stocks Drop and Oil Prices Decrease
U.S. financial markets experienced notable volatility triggered by mixed employment data and a significant drop in oil prices. The S&P 500 declined by...
Trump announces seizure of oil tanker near Venezuela’s coast.
President Donald Trump announced the U.S. Coast Guard, supported by the Navy, had seized a large oil tanker off the Venezuelan coast, marking...
