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US oil sanctions hit hard on Cuba
Airline refuels halted, citizens cook with coal Sopuruchi Onwuka, with agency reports Cuba is facing a deepening energy crisis that has disrupted aviation, strained public services and intensified economic hardship, as tightened US oil sanctions sharply curtail the island’s access…
OPEC+ producers to keep output steady in March
Sopuruchi Onwuka, with agency reports The Organization of Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, will keep crude oil production unchanged in March. The decision was reached on Sunday at a meeting of key OPEC+ members,…
Chevron to continue Yoyo-Yolanda development after boundary resolution
Sopuruchi Onwuka American multinational oil major, Chevron, has declared commitment to development of the offshore Yoyo-Yolanda field located in joint maritime territory between Cameroon and Equatorial Guinea. Chevron’s business managers in Nigeria and Mid-Africa Region stated Tuesday that the company…
Cameroon’s Kribi oil refinery to begin early operations in 2026
Nigeria’s fuel exports to Cameroon are expected to decline as Cameroon’s Kribi oil refinery prepares to begin partial operations in the second half of 2026, almost two years ahead of its original schedule. The refinery project, backed by Cstar Petroleum,…
China fronts renewables as energy consumption surges to new records
Ziggy Ojiegbe China’s energy consumption continued to rise across the board in 2025, with strong growth recorded in power generation, coal output and petroleum, alongside a sharp expansion in renewable energy. Reports reviewed by Oracle Intelligence show that China now…
UN says global economic growth indicates resilient but subdued
Further slowdown expected in 2026 Sopuruchi Onwuka Global economic growth has shown resilience over the past year despite trade tensions and geopolitical uncertainty, but remains subdued and well below pre-pandemic levels, according to a major United Nations report released on…
Oil falls below $60 as Ukraine ceasefire optimism eases supply fears
Sopuruchi Onwuka, with agency reports Oil prices fell below $60 per barrel on Tuesday, their lowest level since February 2021, as easing geopolitical tensions prompted investors to reassess supply risks. European gas prices followed the same trend, dropping below €27…
ELPS breach: WAPCo assures steady regional supply as NNPC deploys containment measures
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited says it has deployed coordinated containment measures following an incident on a section of the Escravos–Lagos Pipeline System (ELPS) in South-West Warri, Delta State. The company’s Chief Corporate Communications Officer, Andy…
Trump to skip G20 summit, says bad things happen in South Africa’s
President Donald Trump of the United States will abstain from the upcoming summit of the group of world’s biggest 20 economies also called G20, saying that the event should have been hosted by South Africa. The US president who has…
Heirs to inherit over $70trn in 10 years as global poverty worsens
G20 committee demands coordinated response to inequality Sopuruchi Onwuka Descendants of millionaires will inherit over $70 trillion from wealth dynasties in the next 10 years when nearly half of global population is also predicted to increasingly slip into severe food…
