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The US and China reached a deal on May 12 to cut import tariffs on each other’s goods for 90 days, starting from May 14. As...
Crude oil prices surged on May 12, 2025 after the US and China agreed to slash tariffs, easing trade tensions between the world’s two largest petroleum...
Nigeria’s crude oil production climbed to a two-month high in April 2025, signalling modest recovery efforts in Africa’s largest oil producer. The crude oil production surge...
Saudi Aramco reported a 4.6% drop in Q1-2025 profit on May 11 due to lower sales and higher operating costs, as economic uncertainty hit crude markets....
According to the World Bank, Nigeria’s economy recorded its fastest growth in about a decade in 2024. A strong Q4-2024 and an improved fiscal position drove...
Aradel, on May 8, announced its commitment to allocating $20 million in restricted cash for the acquisition of stakes in Chappal Energies. The company’s planned acquisition...
Nigeria LNG Limited (NLNG) and Seplat entered a gas supply deal on May 7. The agreement aims to boost NLNG’s feedstock by over 12%. The NLNG-Seplat...
The European Union, on May 6, unveiled plans to enact legislation to end all Russian gas imports by 2027. The European Commission’s plan consists of two...
The Bank of England, on May 8, cut the UK’s main interest rates by 25% from 4.5% to 4.25%. It is the Bank of England’s fourth...
Gas prices surged in the US but fell in the UK & Continental Europe, on May 9, 2025, due to record US LNG exports and tight...
