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• NNPC has declared a state of emergency on production in Nigeria's oil and gas industry

• Dangote Refinery has accused IOCs of doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals

• Saudi Arabia to raise more than $11.2 billion from its public share offering in state-controlled oil giant Aramco

• SERAP has filed a lawsuit against NNPC over its failure to account for the alleged missing $2.04 billion and N164 billion oil earnings

• Federal Government has announced the immediate suspension of Liquefied Petroleum Gas (LPG) exports

• Brent crude up to $82.86 a barrel on Thursday and the US West Texas Intermediate crude futures up to $78.03

• British oil giant Shell reported $28.25 billion earnings for 2023, a 29% drop compared to its highest-ever annual profit of $39.9 billion

• Crude oil prices have gained more than 4percent on Friday after US and UK strike Houthi targets in Yemen

• OPEC on Thursday announced further production cuts for next year to bolster oil prices

• Biden administration has issued a waiver for banks to transfer $6 billion in frozen Iranian oil funds

• Illegal oil vessel with 10 crew members apprehended in Rivers State: What steps is the government taking to curb the smuggling of illegally refined petroleum products?

• Oil Rig that Capsized in Nigeria Had Been Operating Illegally Since 2016 - NIMASA

• Seplat Energy reports one fatality and three missing following oil rig collapse in Delta State

• Effects of Subsidy Removal on Petroleum Products in Nigeria - Analyzing the Far-Reaching Consequences

• Global oil demand growth revised down due to faltering developed economies, says IEA

• US energy firms added both oil and natural gas rigs last week for the first time in 10 weeks.

• Russian Oil Exports to International Markets Continue Unabated Amid Output Cut Threat

• China's holiday travel sparks optimism for fuel demand, boosting oil prices

• NUPRC says Nigeria’s oil and condensate reserves stand at 36.966 billion barrels as at January 1, 2023

• Nigerian lawmakers demand answers from finance minister and AGF over alleged $200m consultancy fees in whistleblower recoveries

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Top Ten Trends and Articles This Week:

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  • • Tupac Shakur's Death: Former Gang Leader Duane “Keffe D” Davis Found Guilty of First-Degree Murder After Nearly 30 Years
  • • Nigeria: Explosions, gun attacks in Bauchi
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  • • Three lives lost and many injured after gunman attacked new restaurant in Idaho, United States
  • • Nigeria to Regulated Online Forex Trading Platforms; Securities & Exchange Commission (SEC) Proposes New Framework
  • • CBN Updates Official Naira Exchange Rates for August 3, 2026 on Monday
  • • Ghent University Suspends Jason Arday’s Plagiarism Accuser, Nathan Cofnas
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