In a remarkable turn of events, Nigeria’s Niger Delta region, long plagued by rampant crude oil theft, has witnessed an unprecedented decline in losses, reaching a 16-year low, thanks to the relentless efforts of a dedicated security outfit. This milestone, reported by the Nigerian Upstream
In a landscape where global energy markets are perpetually swayed by geopolitical unrest, the resilience of oil prices stands out as a striking anomaly, especially in light of recent events. Despite Ukrainian drone strikes targeting critical Russian energy infrastructure, Brent crude lingers at
The global crude oil market is experiencing a profound transformation, driven by a stark imbalance between supply and demand, compounded by escalating geopolitical tensions that are redefining trade patterns. As projections extend through 2030, these dual forces are not only altering the pathways
In a striking turn of events, oil prices have plummeted, with Brent crude futures dipping to $66.37 per barrel and U.S. West Texas Intermediate (WTI) crude settling at $62.37 per barrel, marking declines of 1.7% and 2.0%, respectively. This sharp downturn has sent ripples through global markets,
What happens when a nation’s tax policies choke its own industries, pushing giants to seek refuge in foreign markets? Pakistan’s largest refiner, Cnergyico, finds itself in this very predicament, forced to pivot dramatically as domestic sales crumble under the weight of punitive taxation. With
Energizing IndiWhy This Deal Matters In a nation where energy demand surges with every passing year, Adani Power Limited (APL) has emerged as a pivotal force, securing a monumental 1,600 MW power supply contract in Madhya Pradesh. This deal with MP Power Management Company Limited (MPPMCL), valued
