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Oil prices hang on conflict negotiations on Iran, Ukraine
Ease of sanctions on Iran is out of sight following sharp disagreement between the country and the United States. And the expected outcomes of the highly anticipated phone call between Presidents Vladimir Putin of Russia and Donald Trump of United…
Is ExxonMobil laying out investment recovery agenda in Deepwater Nigeria?
Sopuruchi Onwuka American oil multinational major, ExxonMobil, appears to have activated a tranquil plan to mount production pressure on its deepwater assets in Nigeria as it lays out investment capital for greenfield developments and enhanced recovery programmes for brownfield assets….
Inflation hits Nigerian kitchens with food price jumps
Sopuruchi Onwuka The inflationary trends in the domestic economy have drilled down to direct impact on low income families in the country, figures from the National Bureau of Statistics (NBS) have clearly indicated. The NBS indicated that inflation impacts on…
Trump’s Middle East tour weighs on oil market fundamentals
Sopuruchi Onwuka Progress made on US-China trade negotiations and the improvement in the US-Iran nuclear negotiations have joined to erode pessimism on oil demand at a time the OPEC+ supply bloc has indicated nearly half a million barrels of incremental…
Middle East trip: Trump masses up $Trillions in deals
Sopuruchi Onwuka US President Donald Trump who stormed the Middle East amidst hostage deal impasse between Hamas and Israel is massing up trillions of dollars in business deals from the region. From defence, aviation and tech deals, Trump has not…
The blood profits of Nigerian banks
[By Michael Owhoko, Ph.D] The astronomical rise in banks’ profits as reflected in the 2024 full year financial report has exposed the banking industry as a lucrative enterprise powered by arbitrary charges imposed on unwilling customers. In some cases, these…
WIEN Woman Podcast activates Season II with Ganiyat Seriki
Sopuruchi Onwuka The nation’s foremost gender equity advocate, Women in Energy Network (WIEN), has finally launched the second season of its signature knowledge sharing audiovisual programme, the WIEN Woman Podcast. Season II of WIEN Woman Podcast brings Senior Associate at…
Projects to meet solutions at NOGOF 2025
Sopuruchi Onwuka Real and effectual players in the Nigerian petroleum industry will next week converge in Yeneegoa, Beyelsa State, for a debate on finding solutions and services to drive speedy delivery of projects as regulators mount increasing pressure on operating…
Bearish sentiments rule oil market as OPEC+ agree to boost oil production
Sopuruchi Onwuka World’s biggest petroleum supply bloc, OPEC+, has announced decision to increase petroleum liquids output, a move that analysts fear would now mount downward pressure on the value of the commodity in the global market. The decision is expected…
Global panic as Google battles hackers to protect 1.8bn Gmail users
Sopuruchi Onwuka Tech giant, Google, is currently batting an army of phishing syndicates that are trying with sophisticated dark technology to breach the accounts of over 1.8 billion global Gmail users. Google also assures its mail users that there are…
