…began, with any confirmed attack on Kharg Island potentially adding further pressure to energy markets.Earlier on Sunday, August 30, a multinational coalition overseen by the US Navy said commercial traffic through the Strait of Hormuz remained at "reduced levels." by Linda Ikeji at 31/08/2026 3:55 PM | Share this Stor…

…interest in African energy projects was partly linked to developments in international energy markets. “The current global risk crisis has pushed international buyer interest in African LNG away from Middle Eastern uncertainties,” he said. The report cited Mozambique LNG, being developed by TotalEnergies, as one of the…

…sanctions push.-Transporting as much oil as possible through the strait and into global energy markets. A second U.S. official said this is expected to be the policy at least until after the midterm elections, when a new military campaign could again be on the table. U.S. officials say the clearing of mines from most o…

…Nigeria's oil and gas industryNNPC secures over $20 billion in gas agreements, boosting energy market trustReforms must directly benefit ordinary Nigerians through job creation and economic stabilityPAY ATTENTION: Find it fast with our new search feature at Legit.ng! Pascal Oparada is a journalist with Legit.ng, coveri…

…costs. An analysis of the H1 2026 Downstream Industry Analysis Report by the Major Energy Marketers Association of Nigeria, obtained by The PUNCH, showed a clear relationship between rising fuel prices and weakening demand for the country’s three major petroleum products. According to the report, the average retail pri…

…the closure of the Strait of Hormuz, raising fears of a major supply shock in the global energy market. The Strait of Hormuz was reopened last month when the US and Iran agreed to a ceasefire. But it was reclosed recently as the two countries exchanged strikes. However, fresh developments on Tuesday signalled possible…

…any disruption to Saudi export routes could have significant consequences for global energy markets. by Linda Ikeji at 22/07/2026 3:38 PM | Share this Story

…vast natural gas resources, connect them to major demand centres, integrate African energy markets, and establish a strategic development corridor linking West Africa, the Sahel, Morocco, and Europe.” According to the NNPC, up to 15 billion cubic metres of the pipeline’s annual capacity could be supplied to Morocco and…

…is the Strait of Hormuz to global oil trade, and what impact did its closure have on the energy market? The Strait of Hormuz is a strategic route for the passage of crude and refined products across the world. In short, reports have it that over 130 vessels pass through the Strait of Hormuz on a daily basis, and that n…

…Ltd, R28 Holdings Ltd and Hakilat Oil and Gas Consortium. Broron Energy Limited, Petroli Energy Marketing and Supply Limited, Sahara Deepwater Resources Limited and Tulcan Energy E&P had earlier received their licences on July 8, 2026. The post NUPRC urges new licence holders to support Nigeria’s 2mbpd oil production t…

…of Hormuz and the potential impact of further sanctions and military action on global energy markets. “I do not expect any major upward review in the local pump price of petrol because oil price is still significantly lower than the level we had during the war,” he said. For Nigeria, the elevated crude prices come as t…

…a naval blockade on Iran, further raising fears over global crude oil supplies and energy markets. According to oilprice.com, Brent crude rose from about $76 to above $80 per barrel following a fresh exchange of missile and drone attacks between the two countries, with both sides accusing each other of escalating hosti…

…key policy parameters unchanged, citing renewed inflationary pressures linked to global energy market disruptions while seeking to preserve the macroeconomic gains achieved through earlier tightening measures. A renowned economist and Chief Executive Officer of the Centre for the Promotion of Private Enterprise, Dr Mud…

…shipments, was blockaded by Iran for much of the war, sending shockwaves through global energy markets. Tehran had agreed to reopen it under the preliminary accord signed by US President Donald Trump and his Iranian counterpart Masoud Pezeshkian, and shipping traffic had begun to recover. US Central Command said after…

…investing company, was seeded by Shell to catalyze the growth of Nigeria's off-grid energy market to provide affordable, reliable, and sustainable energy for low-income households and small businesses. All On provides debt and equity funding, as well as non-financial support, to Nigerian energy companies that align wit…

…investing company, was seeded by Shell to catalyze the growth of Nigeria's off-grid energy market to provide affordable, reliable, and sustainable energy for low-income households and small businesses. All On provides debt and equity funding, as well as non-financial support, to Nigerian energy companies that align wit…