Africa’s oil and gas sector ended 2025 on a stronger footing than expected, despite lower crude prices and continued pressure from environmental groups and global investors. Several delayed or suspended projects moved forward, signaling renewed momentum across key producing countries. TotalEnergies is set for a rebound after its African output fell from 705,000 barrels of…
6:56 AM Pope calls for governments to “respect the will” of Venezuelans Pope Leo on Friday called for world governments to “respect the will” of the Venezuelan people and said nations must “safeguard the human and civil rights” of Venezuelans, Reuters reported. In the pope’s annual audience with the Vatican diplomatic corps, which traditionally…
The U.S. carried out operations Wednesday to seize two oil tankers linked to Venezuela — one in the North Atlantic and one in the Caribbean Sea, officials said. The U.S. European Command confirmed the seizure of the Marinera, a Venezuela-linked oil tanker formerly known as Bella-1. It said the vessel was seized for violations of U.S….
Abuja — Crude price fell over 18% in 2025 The Organisation of Petroleum Exporting Countries and its allies known as OPEC+ kept oil output unchanged yesterday after avoiding discussions of the multiple political crises affecting the producer group’s members, from the Middle East as well as Russia, Iran and Venezuela. Sunday’s meeting of eight members…
Abuja — Oil prices fell yesterday as adequate global supplies offset concerns about supply disruptions due to the US capture of Venezuelan President Nicolas Maduro in an audacious raid over the weekend. Nigeria’s benchmark, Brent crude futures, were down 50 cents, or 0.8 per cent, to $60.26 a barrel, while US West Texas Intermediate (WTI)…
The U.S. strike on Venezuela has renewed focus on the country’s oil sector, which includes some of the richest crude reserves in the world. “We’re going to rebuild the oil infrastructure, which will cost billions of dollars, it will be paid for by the oil companies directly. And we’re going to get the oil flowing…
Oil prices rose Sunday as investors and traders weighed the market forces that could be unleashed by President Donald Trump’s attack on Venezuela and his comments about what could be next for the country and its massive oil reserves. U.S. crude oil, known by traders as West Texas Intermediate, fell initially before it rose around…
President Donald Trump’s overthrow of President Nicolas Maduro in oil-rich Venezuela is unlikely to shock energy markets in the near term, analysts told CNBC on Saturday. While the scale of the U.S. attack was unexpected, markets had already priced in a conflict with Venezuela that would disrupt oil exports, said Arne Lohmann Rasmussen, chief analyst…
The African Refiners and Distributors Association (ARDA), has said that the continent’s crude oil consumption will surge from about 1.8 million barrels per day in 2024 to as much as 4.5 million barrels per day by 2050, positioning the continent’s downstream energy sector as one of the world’s most significant untapped investment frontiers. Executive Secretary,…
NewsFeed US President Donald Trump has said the US owns rights to Venezuelan oil and land. The claims follow the US seizure of Venezuelan oil and the declaration of a naval blockade. But is any of this true? Soraya Lennie explains. Published On 18 Dec 202518 Dec 2025 Click here to share on social media…
