News #Oil

The Nigerian equities market delivered a strong performance in July 2026, adding approximately N11.11 trillion to investors’ wealth as sustained buying interest in banking and other fundamentally strong stocks outweighed intermittent profit-taking

It was a week of divergence. Oil surged past $100, AI spending fears rattled Big Tech, crypto held surprisingly firm, and defense tech became the hottest trade in venture.

OPEC+ has agreed to a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a time when oil prices are falling

At least 20 oil tankers have crossed the Strait of Hormuz since the U.S. and Iran began to reopen the sea lane to commercial ship traffic, according to the trade intelligence firm Kpler.

With the signing of the peace agreement and the reopening of key energy supply routes, analysts expect global energy markets to stabilize

The United States on Wednesday released the official text of the memorandum of understanding reached over the weekend with Iran.

Oil prices rose Wednesday, as Iran claimed to have seized two ships in the Strait of Hormuz shortly after President Donald Trump extended the ceasefire.

Angola is set to raise $2.5 billion through the sale of dollar-denominated bonds, betting that higher oil prices driven by the Iran–Israel conflict will attract strong investor demand.

Nigerian billionaire Aliko Dangote’s refinery is being flooded with inquiries as African governments scramble to secure fuel supplies after the Iran war disrupted flows.

The Trump administration issued a new license allowing countries to temporarily purchase certain Russian oil products, the same day Brent crude prices settled above $100 per barrel

Chevron has agreed to sell its offshore oil stakes in Angola to Energean for $260 million, giving the Mediterranean energy producer a foothold in West Africa

U.S. crude oil on Friday posted its biggest weekly gain in futures trading history, as the escalating war in the Middle East has triggered a major disruption to global fuel supplies.