Venezuela Oil Ships Head to US as Storage Nears Capacity
Three Chevron-chartered tankers are transporting Venezuelan crude to the US, as sanctions cause a major storage buildup. Get the latest on the oil shipments and the looming capacity crisis.
Three Chevron-chartered tankers are transporting Venezuelan crude to the US, as sanctions cause a major storage buildup. Get the latest on the oil shipments and the looming capacity crisis.
American military forces intercepted and seized a Venezuelan oil tanker in the North Atlantic, despite Russian naval protection. Get the full details on this major sanctions enforcement escalation.
US Energy Secretary Chris Wright declares indefinite US control over Venezuelan oil sales, aiming to revive production with billions in investment. Details on the plan and its implications.
US authorities seized the Marinera oil tanker in the North Atlantic for violating sanctions linked to Venezuela and Iran. A second vessel was captured in the Caribbean. Full details on the international enforcement action.
US forces seized the Russian-flagged Marinera oil tanker in the North Atlantic for violating sanctions linked to Venezuela and Iran. A second vessel was captured in the Caribbean. Read the full details.
The United States military seized a Russian-flagged tanker near Iceland following a dramatic two-week pursuit. This bold move escalates tensions amid the U.S. blockade of Venezuelan oil and the capture of President Maduro. Read the full details.
U.S. forces intercept a Russian-flagged oil tanker after a trans-Atlantic pursuit for violating sanctions on Venezuelan oil. Full details on the dramatic seizure operation inside.
Pastor Hank Kunneman defends Trump's plan to control Venezuela's oil, claiming divine approval. Read the global reactions and the controversial spiritual justification.
Russian naval ships escort a sanctioned Venezuelan oil tanker as US and UK forces prepare to intercept it in the Atlantic. Tensions escalate in a high-stakes maritime standoff. Read the full details.
President Donald Trump announces a major oil transfer deal with Venezuela's interim government. Get the full details on the agreement and its global implications.
Former President Trump claims Venezuela's interim government will transfer sanctioned oil to the US, with proceeds controlled by Washington. Details on the plan and regional implications.
US special forces have arrived at a UK airbase, preparing to seize a sanctioned oil tanker evading Venezuela blockade and racing towards Russia. Get the latest details on this high-stakes maritime operation.
Global oil prices fall to $61 per barrel due to Venezuela's instability. Analysts warn of further drops below $60 if US tensions persist. OPEC+ pauses production hikes.
US President Donald Trump outlines a timeline for American oil companies to expand operations in Venezuela within 18 months, following the capture of Nicolas Maduro. Details inside.
Experts warn that US efforts to revive Venezuela's oil industry could destabilise Nigeria's 2026 budget, which relies heavily on uncertain oil earnings. Discover the potential impact and calls for diversification.
Political upheaval in Venezuela could flood oil markets, slashing prices and creating a $10 billion shortfall in Nigeria's 2026 budget. Experts warn of severe fiscal strain and pressure on the Naira. Read the full analysis.
Geopolitical shifts in Venezuela could crash oil prices, threatening Nigeria's N58.18 trillion 2026 spending plan and naira stability. Experts warn of a potential $10.24 billion revenue shortfall.
Following the capture of Venezuelan leader Nicolás Maduro, US President Donald Trump has announced plans for American firms to develop Venezuela's vast oil reserves. Experts warn the plan faces massive hurdles and could take a decade. Read more on the imp
Economist Kalu Aja warns US intervention in Venezuela may flood oil market, pressuring prices and jeopardising Nigeria's $64 per barrel 2026 budget benchmark. Read the full analysis.
Minister Heineken Lokpobiri declares 2025 a successful year for Nigeria's oil sector, driven by reforms, new investments, and strengthened local content. Read the full report on the industry's progress and 2026 outlook.
Ghana's Tema Oil Refinery is back online after years of inactivity, operating at 28,000 bpd. This could reduce its reliance on imports from Nigeria's Dangote Refinery, its top 2025 supplier. Explore the shifting energy dynamics in West Africa.
Nigerian Army's 6 Division, in a sustained operation, has arrested 19 suspects and dismantled 22 illegal refining hubs in the Niger Delta, recovering over N150 million worth of stolen crude. Read the full report on the crackdown.
A fatal auto crash involving a fuel tanker near Polo Club Roundabout in Jos has claimed six lives and injured five. The FRSC confirms details of the tragic accident and the multi-agency response.
The NCAA sanctioned seven airlines, including Qatar Airways and Air Peace, for passenger rights violations in 2025. Discover the full list of fines and the regulator's warning for 2026.
A 33,000-litre petrol tanker crash and explosion on Christmas Day in Lagos claimed two lives and destroyed property. Officials cite excessive speed and warn against scooping fuel.
A fatal tanker explosion in Oto-Ijanikin, Lagos, claimed two lives. LASTMA officials prevented further tragedy by stopping bystanders from scooping spilled diesel. Authorities urge caution.
A diesel tanker explosion in Lagos on Christmas Day claimed two lives. LASTMA confirms excessive speed caused the crash. Read details on the tragic incident and safety warnings.
Nigeria strengthens its role as the top African crude oil supplier to the United States, exporting 33.23 million barrels worth $2.57 billion from January to August 2025. Discover the economic impact and the role of Dangote Refinery.
US President Donald Trump confirms the US will retain crude oil and tankers seized near Venezuela, intensifying pressure on President Nicolás Maduro. Read the latest on the escalating crisis.
The Independent Petroleum Producers Group (IPPG) announces indigenous firms now account for over 50% of Nigeria's crude oil and gas production. Discover the impact on energy security and sector growth.