Peionews

Energy

Energy covers the latest developments in power generation, renewable energy, oil and gas, electricity supply, and energy policies shaping economies and industries worldwide.

NNPC Denies Sale of Refinery Scrap, Warns Public Against Fraudsters

By Elizabeth Ugbo The Nigerian National Petroleum Company Limited has denied claims that it is selling refinery scrap materials. On…

US–Iran Naval Standoff Escalates in Strait of Hormuz Amid Maritime Seizures

By Elizabeth Ugbo On Thursday, the Pentagon confirmed that the United States military conducted a maritime interdiction and right-of-visit operation…

Lebanon Ceasefire Talks, Strait of Hormuz Tensions, and Rising Oil Prices

By Elizabeth Ugbo Lebanon and Israel will hold a second round of ceasefire talks in Washington on Thursday, as Lebanese…

NNPC Crude Supply to Dangote Refinery Surges in April 2026

By Elizabeth Ugbo Crude oil deliveries to the Dangote Oil and Gas Company Limited increased significantly in April 2026, as…

Strait of Hormuz Reopens as Iran and US Signal De-escalation, Oil Prices Drop

By Elizabeth Ugbo Iran’s Foreign Minister Abbas Araghchi and United States President Donald Trump announced on Friday that the Strait…

Nigeria Petrol Supply Hits 40.1ml/d in March 2026 as Imports Support Market Stability

By Elizabeth Ugbo Nigeria’s petrol supply rose to 40.1 million litres per day in March 2026, according to the Nigerian…

Nigeria Power Sector Faces Over N300bn Losses as Subsidy Hits N418.79bn in Q4 2025

By Elizabeth Ugbo In Q4 2025, Nigeria’s electricity sector recorded major financial strain, as the Federal Government of Nigeria absorbed…

Nigeria Boosts Oil Production to 1.84 Million Barrels Per Day Amid Anti-Theft Crackdown

By Elizabeth Ugbo Nigeria’s crude oil production has risen to 1.84 million barrels per day as government efforts to curb…

Iran–U.S. Tensions Escalate Over Strait of Hormuz and War Threats

By Elizabeth Ugbo Iran, the United States, and Israel have intensified their conflict since February 28, as Tehran closed the…

Geopolitical Tensions Push Nigerian Manufacturers Into Cost Crisis

By Elizabeth Ugbo The Manufacturers Association of Nigeria (MAN) has warned on Monday that rising geopolitical tensions in the Middle…