Energy

Oil prices fluctuated on Tuesday, 27 October, as diplomatic efforts to ease tensions in the Middle East offered some relief to markets while renewed attacks on Saudi Arabia kept concerns about supply disruptions alive. In a report carried by Reuters, Brent crude futures were up 40 cents, or 0.4%, at $116.24 a barrel by 0718

Singapore-based Sembcorp Industries is expanding its exploration of nuclear energy through two new partnerships aimed at building technical knowledge and identifying potential opportunities in the sector. The company announced on Tuesday, October 27, that its wholly owned subsidiary, Sembcorp Utilities, had signed separate, non-binding memorandums of understanding with Canadian engineering group AtkinsRéalis and Singapore-based ST

Nigeria has launched a national programme to track liquefied petroleum gas (LPG) cylinders throughout their use, in a move aimed at reducing safety risks and improving oversight of the cooking-gas supply chain. The Standards Organisation of Nigeria (SON) announced the National Cylinder Recirculation Programme on Friday, October 23, in partnership with the Nigerian Midstream and

Nigeria’s reliance on imported petrol continued to decline in September, but the latest regulatory figures show that lower imports have not automatically translated into a more reliable domestic supply. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed that the country received an average of 38.7 million litres of petrol daily in

Shell is considering selling its French fuel-station network and related transport-fuel services to DCC Energy in a proposed deal covering about 70 retail sites and eight liquefied natural gas (LNG) installations. The transaction could be completed in the second quarter of 2027, subject to finalising the agreement and consulting employee representatives. The sale has not

Global oil prices fluctuated on Thursday, 15 October 2026, as traders assessed possible changes to US sanctions on oil tankers alongside renewed concerns about shipping security and petroleum supplies. Brent crude initially declined during trading but later recovered, while US West Texas Intermediate (WTI) gained following a larger-than-expected fall in American crude inventories. According to Reuters,

Global diesel supplies could remain under pressure well into 2027 as conflict-related damage and export disruptions in the Middle East and Russia limit the availability of refined fuel, the International Energy Agency (IEA) has warned. In its October Oil Market Report, published on 14 October 2026, the agency said unusually large withdrawals from fuel stocks

Global oil prices fell in early trading on Thursday, 15 October 2026, as investors assessed the risk of further disruption to Middle Eastern energy shipments and possible US measures to reduce oil transport costs. According to Reuters , Brent crude futures were down $1.39, or 1.31%, at $104.67 a barrel by 01:16 GMT. US West Texas

NNPC Limited has extended its ₦66-per-litre petrol discount until 31 October, while new reporting indicates that motorists paying directly at filling stations may miss out on the offer. In a report published on Saturday, 10 October, Saturday PUNCH said checks at NNPC outlets in Abuja found that customers needed to use the company’s mobile application

Abuja Electricity Distribution Plc has launched mobile and web applications for managing electricity accounts, alongside assurances on customer data protection and a commitment to eliminate estimated billing through wider metering. The MyPower platform was unveiled in Abuja this week. AEDC serves customers across the Federal Capital Territory, Kogi, Niger, and Nasarawa. Payments and complaints move online