15 articles tagged
Egypt has implemented an increase in electricity tariffs for households and businesses with high consumption rates, effective from April. This decision comes as the nation grapples with rising energy import costs and broader fiscal pressures.
An ongoing conflict in Iran has led to severe global energy shortages, impacting fuel availability and prices worldwide. While many nations struggle with scarcity, Nigeria's strategic development of the Dangote Refinery offers a buffer against the crisis and signifies a shift towards energy self-sufficiency.
The World Bank Group, International Monetary Fund (IMF), and International Energy Agency (IEA) have formed a joint coordination group to address the economic and energy fallout from the Middle East conflict. The institutions highlighted significant global supply disruptions and price volatility impacting developing nations.
President Donald Trump has indicated a policy shift permitting oil shipments to Cuba as a Russian tanker nears the island, amid an escalating energy crisis. This move signals a significant change from prior U.S. measures that had severely limited Cuba's oil supplies.
Nigeria is experiencing a rise in demand for its Liquefied Natural Gas (LNG) due to ongoing global energy disruptions, while also speeding up approvals for oil output to capitalize on current market conditions. Buyers are reportedly shifting focus towards Nigerian supplies as alternatives to Middle Eastern sources.
In response to the ongoing conflict in the Middle East, Philippine President Ferdinand Marcos Jr has declared a 'national energy emergency' due to the significant threat to the nation's fuel supply and energy stability. This declaration will enable the government to implement measures to secure energy resources and mitigate rising costs.
Supreme Leader Mojtaba Khamenei stated that Iran has significantly harmed its foes in the ongoing conflict with the United States and Israel amid escalating tensions, as fresh explosions occurred in Tehran during the Nowruz celebrations.
On March 19, Israeli Prime Minister Benjamin Netanyahu stated that Iran is suffering significant setbacks amid rising attacks on oil and gas installations in the Gulf. He also indicated uncertainty over the Iranian leadership and highlighted the effects of the ongoing conflict on global energy markets.
Following Israeli airstrikes on Iran's gas infrastructure, global oil prices soared past $110 per barrel. The military actions represent a significant escalation in the conflict, prompting Iran to threaten retaliatory strikes on various energy facilities in the region.
U.S. President Donald Trump has asserted his prerogative to "do anything I want" with Cuba, issuing strong remarks as the island nation grapples with a severe energy crisis and ongoing diplomatic discussions between the two countries.
A reduction in gas supply to thermal power plants could exacerbate Nigeria's ongoing electricity shortages. With the current supply falling far short of demand, the situation may affect businesses and daily life across the country.
The ongoing electricity crisis in Nigeria has intensified, leading to significant losses for small businesses and households. Many entrepreneurs are shutting down operations, while families are struggling to manage food supplies without reliable electricity.
Nigeria's electricity grid has collapsed multiple times in January 2026, causing widespread power outages in major cities and exacerbating concerns about the nation's failing energy infrastructure. The recurring failures raise serious questions regarding efficiency, accountability, and the significant public investments made in recent years.
Kartel Energy Limited has introduced two new product lines, Ensky Solar street lights and GenixGreen & Luxwatt Lithium Battery Series, aimed at addressing Nigeria's persistent energy challenges. The launch took place at the Powerelec Nigeria Exhibition 2026 in Lagos.
Ukraine has announced an energy emergency as Russian strikes combined with extreme winter weather have left many without essential services such as power, heating, and water.
