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After growing interest from the US, the United Arab Emirates (UAE) has agreed to fund the $25 billion Morocco-Nigeria gas pipeline project. Morocco’s Minister of Energy,...
ExxonMobil announced plans to invest $1.5 billion to further develop Nigeria’s USAN deepwater oil field. The energy giant declared this during a meeting on May 6...
Russia and China plan to revisit discussions on the stalled Power of Siberia 2 gas pipeline. The talks will occur during Chinese President Xi Jinping’s state...
China’s central bank, the People’s Bank of China, cut its key interest rates on May 7. At the same time, it injected some liquidity into its...
The Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has been elected Chairman of the Committee of Ministers of the West African Gas Pipeline (WAGP). The...
Gas prices held steady in the US but surged in the UK & Continental Europe, on May 6, 2025, driven by broader rally in European energy...
The African Export-Import Bank (Afreximbank) would fund the African Energy Bank (AEB) with $19 billion. The Minister of State for Petroleum (Oil), Heineken Lokpobiri, disclosed this...
Crude oil prices fell on May 5, 2025, as an OPEC+ decision to expedite its output hikes stoked fears about rising global supply at a time...
Saudi Aramco has increased its official selling prices for crude oil destined for Asia in June. The hike ends Aramco’s two-month streak of price cuts. The...
Nigeria has officially joined the Asian Infrastructure Investment Bank (AIIB). During the Federal Executive Council (FEC) meeting on May 5, the President formally approved Nigeria’s full...
