Dubai, Jan 4, 2026 – OPEC+ agreed to maintain steady oil output at its meeting on Sunday, the group said in a statement, despite political tensions between key members Saudi Arabia and the UAE, and the U.S. capture of the president of smaller producer Venezuela. Sunday’s meeting of eight members of OPEC+, which pumps about half the world’s oil, comes after oil prices fell more than 18% in 2025 — their steepest yearly drop since 2020 — amid growing oversupply concerns. The eight – Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, …
NNPC to sell oil and gas assets, invites bids
Lagos, Dec. 30, 2025 – NNPC Limited, Nigeria’s state-owned energy company, plans to sell stakes in some of its oil and gas assets and has called for bids, according to an invitation document seen by Reuters on Monday. NNPC owns some assets outright and others in partnership with international oil companies, including Shell, Chevron, Eni, and TotalEnergies. The document did not disclose how much it aims to raise or the size of the stakes on offer, and NNPC did not respond to a request for comment. NNPC had previously …
Oil prices little changed as investors seek clarity on Russia-Ukraine talks
Singapore, Dec 30, 2025 – Oil prices were little changed on Tuesday following a gain of more than 2% in the previous session after Russia accused Ukraine of attacking President Vladimir Putin’s residence and investors sought clarity on Ukraine peace talks to gauge potential supply disruptions. Brent crude futures for February delivery, which expires on Tuesday, were down 2 cents at $61.92 a barrel as of 0314 GMT. The more active March contract was at $61.44, down 5 cents. U.S. West Texas Intermediate crude eased 5 cents at $58.03. …
NNPC Limited restores Escravos–Lagos pipeline to full operations
Abuja, Dec. 30, 2025 – Nigerian National Petroleum Company (NNPC) Limited says it has successfully restored the Escravos–Lagos Pipeline System (ELPS) in Warri, Delta State following its damage by an explosion on December 10, 2025. The company announced this in a statement signed by Andy Odeh, its Chief Corporate Communications Officer. The company said that it immediately activated its emergency response after the explosion, deployed coordinated containment measures, and worked tirelessly with multidisciplinary teams to ensure the damaged section was repaired, pressure-tested, and safely recommissioned. “Today, the pipeline is …
FG writes off NNPC’s $1.42bn, N5.57trn debts to Federation Account
Abuja, Dec. 29, 2025 – The federal government has cancelled $1.42 billion debts owed by NNPC Ltd to the Federation Account after a reconciliation exercise. The cancelled debts also included some naira-denominated debts amounting to N5.57 trillion. The debt cancellation followed a reconciliation of records between the NNPC and the Federation Allocation Committee. The Nigeria Upstream Regulatory Commission (NUPRC) announced the debt cancellation after a meeting with the Federation Account Allocation Committee on November 18, 2025. The NUPRC document, “Report of October 2025 Revenue Collection Presented at the Federation Account …
Oil rises as investors weigh outcome of Trump -Zelenskiy meeting
Singapore, Dec. 29, 2025 – Oil prices rose on Monday as investors weighed the outcome of talks between the U.S. and Ukrainian presidents on a potential deal to end the war in Ukraine, as well as Middle East tensions that could disrupt supply. Brent crude futures rose 67 cents, or 1.1%, to $61.31 per barrel at 0751 GMT, while U.S. West Texas Intermediate crude was up 65 cents, or 1.15%, to $57.39. Both benchmark prices fell more than 2% on Friday as investors weighed a looming global supply glut …
Oil steady as market weighs Venezuela, Russia supply risks
Singapore, Dec 23, 2025 – Oil prices held steady on Tuesday after rising more than 2% in the previous session, as the U.S. said it might sell the Venezuelan crude it has seized, while Ukraine’s attacks on Russian vessels and piers heightened fears of supply disruption. Brent crude futures edged lower by 6 cents, or 0.1%, to $62.01 per barrel by 0440 GMT. U.S. West Texas Intermediate (WTI) crude slipped 9 cents, or 0.16%, to $57.92. On Monday, Brent posted its best daily performance in two months and WTI …
Fidelity Bank enhances maternal, child healthcare delivery at ESUTH
Lagos, Dec. 19, 2025 – Fidelity Bank Plc brought relief to indigent patients at the Enugu State University Teaching Hospital (ESUTH) Parklane by offsetting medical bills. The bank also provided financial support to children battling chronic health conditions alongside donations of ante-natal kits to pregnant women. These interventions, which were carried out under the bank’s Corporate Social Responsibility (CSR) initiative known as Fidelity Helping Hands Programme (FHHP), were funded and executed by newly inducted employees of the bank, the Optimizers Inductees Class, as their community impact project, with matching …
Oil poised to close lower for second straight week
London, Dec 19, 2025 – Oil prices ticked down on Friday and were set to close lower for a second straight week, as rising prospects of a Russia-Ukraine peace deal offset concerns over supply disruptions from a blockade of Venezuelan oil tankers. Brent crude futures fell 12 cents, or 0.2%, to $59.70 a barrel by 0738 GMT, and U.S. West Texas Intermediate crude was trading 16 cents, or 0.3% lower, at $55.99 a barrel. On a weekly basis, Brent was 2.3% lower while WTI was down 2.5%. U.S. President …
IPMAN commends FG for appointing new chief executives for NUPRC, NMDPRA
Abuja, Dec. 18, 2025 – Abubakar Shettima, the National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has commended the federal government for the appointment of new chief executives for the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Shettima made the commendation in Abuja on Thursday while addressing a press conference.. He said the change of leadership was essential in the two organisations in view of recent developments in the sector. The IPMAN boss said the leadership change …