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A service for global professionals · Thursday, June 26, 2025 · 825,833,225 Articles · 3+ Million Readers
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West Africa OPEC Newswire

  • Published on Jun 24, 2025

    Former CFO of Nigeria’s State Oil Firm Arrested Over Alleged $7-Billion Fraud

    Nigeria’s Economic and Financial Crimes Commission has arrested two ex-oil officials, including the former chief financial officer of Nigeria’s state energy firm NNPC, over an alleged $7.2-billion fraud, corruption, and abuse of office. The financial …

    Source: Oil Price - Neutral
  • Published on Jun 24, 2025

    India increases oil imports from Russia, US: Is New Delhi reducing dependence on West Asia?

     India is looking at to reduce its dependence on oil from West Asia. This comes amid the conflict between Israel and Iran. Though oil prices have dropped today amid the ceasefire kicking in, oil prices had initially spiked after Israel conducted airstrikes …

    Source: Firstpost - Center-right
  • Published on Jun 24, 2025

    Oil price drops to $68, below Nigeria’s 2025 budget benchmark

    The global price of Brent crude dropped to $68.12 per barrel on Tuesday, falling below Nigeria’s 2025 budget benchmark of $75 per barrel. The 3.40 per cent decline from Monday’s $71 per barrel was mirrored by a similar fall in the U.S. West Texas …

    Source: The Guardian (Nigeria) - Neutral
  • Published on Jun 24, 2025

    How politics trumped Tinubu's Nigerian tax reforms

    When Nigerian President Bola Tinubu sent four tax bills to lawmakers last year, his plans went beyond merely trimming and streamlining the country’s tax laws. He also wanted to change how tax revenue was shared among the country’s states. As it unfolded in …

    Source: African Business - Neutral
  • Published on Jun 24, 2025

    Oil price drops to $68 per barrel

    Brent crude oil price dropped on Tuesday to $68.12 per barrel. The product, which is a global oil benchmark, dropped by 3.40 percent from $71 a barrel on Monday. Also, US West Texas Intermediate fell by 2.76 percent to 66.62 percent. According to Reuters, …

    Source: The Cable - Neutral
  • Published on Jun 23, 2025

    Despite Stunted Output Growth, Nigeria Rakes in N70tn Revenue from Oil Export

    Emmanuel Addeh in Abuja  In spite of the many challenges besetting Nigeria’s struggling oil and gas sector, the country’s revenue from the sector rose to N70.1 trillion in 15 months, spanning January 2024 to March 2025. Data from the National Bureau of …

    Source: This Day - Pro-Government
  • Published on Jun 23, 2025

    Inside Nigeria’s bold strategy to double oil production

    Nigeria’s oil and gas sector is undergoing a seismic transformation. Buoyed by a government eager to reassert the country’s place on the global energy map, a fresh wave of reforms, strategic partnerships, and ambitious infrastructure projects is reshaping …

    Source: Business Day - Neutral
  • Published on Jun 22, 2025

    Iran-Israel war & US bombings: Should possible Strait of Hormuz closure worry India about its oil supply? Explained in ...

    India's reliance on crude oil imports is at approximately 90%, with Middle Eastern nations supplying more than 40% of these imports. (AI image) Iran-Israel war & Strait of Hormuz: With escalating tensions between Iran and Israel, especially after …

    Source: The Times of India - Center-right
  • Published on Jun 22, 2025

    Strait of Hormuz Closure? India sitting pretty on oil front, no worries on gas at all

    US strikes on Iran's three main nuclear facilities have once again raised concerns that Tehran might shut down the Strait of Hormuz - one of the world's most critical chokepoints, through which a fifth of global oil and gas supply flows. For India, …

    Source: The Economic Times - Center-right
  • Published on Jun 21, 2025

    Dangote, Oil Cartel and Inevitability of Change

    “Change is a law of life. Those who look only to the past or present are certain to miss the future.” – John. F. Kennedy Change, by its definition, is dynamic and transitory, certainly apt in the fast-evolving world. The sophisticated nature of our 21st- …

    Source: This Day - Pro-Government
  • Published on Jun 24, 2025

    Reforms must outpace red tape to attract global energy investment – Alokolaro

    Nigeria’s oil and gas sector has long been the backbone of the economy, yet the sector faces persistent challenges, including declining production, security concerns, regulatory inefficiencies, and underdeveloped infrastructure. In this interview, Ola …

    Source: Business Day - Neutral
  • Published on Jun 10, 2025

    Saudi Oil Flow to China Inches Down Amid OPEC+ Expansion

    Saudi Arabia will export about 47 million barrels of crude to China in July, marking a modest decline of one million barrels compared with June allocations. Despite the slight reduction, this remains the third consecutive month of elevated shipments to the …

    Source: Arabian Post - Pending
  • Published on Jun 23, 2025

    Petrel submits Proposal re Relinquished Block from 4th Licensing Round

    By John Lee. Irish-based Petrel Resources last week issued unaudited preliminary results for the year ending 31 December 2024. The company, which announced a fundraising in March, said that it has submitted a proposal to undertake contractor obligations on …

    Source: Iraq Business News - Neutral
  • Published on Jun 21, 2025

    Hormuz Strait | A dire Strait

    Hormuz Strait lies next to Iran, which is presently engaged in an escalating conflict with Israel after the latter bombed key nuclear and military sites on June 13, 2025. | Photo Credit: Getty Images/iStockphoto A crucial choke point for the world’s …

    Source: The Hindu - Center-left
  • Published on Jun 23, 2025

    What rising Middle-East tensions mean for naira

    …Oil price seen climbing to $90-$100p/b …Revenue to rise in boost for budget The United States airstrikes on Iran’s nuclear facilities are expected to trigger a global oil price rally, offering short-term support for the naira, amid mounting risks for …

    Source: Business Day - Neutral
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