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OIL PRICES STEADY AS US AND IRAN AGREE TO HALT ATTACKS.
Oil prices were steady after the United States and Iran agreed to halt recent hostilities in the Gulf, easing immediate supply concerns. Markets also reacted to continued oil and LNG exports from Middle East producers despite ongoing security risks in key shipping routes.
- 1 month, 2 weeks
NIGERIA JOINS TOP SOLAR EXPORTERS SUPPLYING PANELS TO THE UNITED STATES.
igeria has emerged as one of the world's newest solar manufacturing exporters after breaking into the list of the top 10 countries supplying solar panels to the United States. The milestone marks a significant shift for Africa's largest economy, which has traditionally relied on imported renewable energy equipment but is now building a competitive manufacturing base capable of serving international markets. The achievement comes as global solar supply chains undergo major changes driven by new U.S. trade policies, creating fresh opportunities for emerging manufacturing hubs and strengthening Nigeria's position in the global clean energy industry.
- 1 month, 3 weeks
EQUINOR ENDS PLANS FOR OFFSHORE WIND IN JAPAN.
Norway's energy company Equinor has announced that it will end its offshore wind business in Japan and close its Tokyo office by the end of 2026.
- 1 month, 3 weeks
BP SIGNS CONCESSION DEAL WITH ADNOC AND PARTNERS FOR BAB GAS CAP PROJECT.
BP has signed a concession agreement with ADNOC and its partners to participate in the development of the Bab Gas Cap project in the United Arab Emirates.
- 1 month, 3 weeks
OIL MARKETS SIGNAL NEAR-TERM OVERSUPPLY AS FLOWS THROUGH STRAIT OF HORMUZ RECOVER.
Global oil markets are beginning to signal a short-term supply surplus as crude exports from the Middle East accelerate following the easing of tensions between the United States and Iran. A sharp increase in tanker movements through the Strait of Hormuz, combined with the release of previously stranded cargoes and expectations of higher exports from Gulf producers, is reshaping market sentiment. Traders are increasingly focusing on the return of large volumes of crude to the market, creating downward pressure on prompt prices and raising concerns that supply could temporarily outpace demand in the weeks ahead.
- 1 month, 3 weeks
PETRONAS MAKES NEW GAS DISCOVERY AT SURINAME OFFSHORE BLOCK; FINDS ESTIMATED TO BE EQUIVALENT TO 1 BILLION BARRELS OF OIL.
Malaysia’s state-owned energy company, Petronas, has announced another significant gas discovery at offshore Block 52 in Suriname.
- 1 month, 3 weeks
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