ExxonMobil Reports $7.7 Billion Profit in Q1 2025 Despite Decline in Oil Prices
ExxonMobil reported first-quarter 2025 earnings of $7.7 billion, a decline from $8.2 billion in Q1…
April Sees Drop in OPEC Oil Output
OPEC's crude oil production dropped by 200,000 barrels per day in April to 27.24 million,…
EU Endorses Nine Green Energy Initiatives in Finland and Estonia
The European Commission has awarded €52 million ($58.7 million) through the EU Renewable Energy Financing…
Oil Rises Amid Trump’s Sanction Threats
U.S. oil futures rose 1.8% to $59.24 a barrel, ending a three-day losing streak, after…
Resource Deal Struck Between U.S. and Ukraine Following Tense Negotiations
The U.S. and Ukraine have signed an agreement granting the U.S. priority access to invest…
Oil Prices Expected to Fall to $66 per Barrel, Says IMF
The International Monetary Fund (IMF) forecasts a decline in oil prices to $66.90 per barrel…
Elektron Finance SPV Plc to Launch N17bn Bond for Energy Sector Boost
Elektron Finance SPV Plc, backed by Elektron Energy Development Strategies Ltd, is launching a N17…
Abuja’s Power Outage Poses Severe Challenges for Businesses in Wuse 2
Wuse 2, a once-thriving commercial hub in Abuja, is facing economic paralysis due to a…
Afreximbank Sets Up $3B Fund for African, Caribbean Oil Imports
Afreximbank has launched a $3 billion financing program to support African and Caribbean nations in…
Scaffold Collapse at Texas LNG Plant Claims Lives of Three Workers
Three workers lost their lives and two others were injured when a section of scaffolding…