01 Jul Latest Oil prices, news and commentary 30 June 2026
(Oilandgaspress) Estonia has released surveillance images showing a Russian-flagged liquefied natural gas (LNG) carrier, the Marshal Vasilevskiy, equipped with machine guns and sandbags in the Baltic Sea this spring. This arming of a civilian vessel is considered a “crazy new step” by geopolitical analysts, indicating a more confrontational stance from Moscow to protect its civilian fleet.
The Marshal Vasilevskiy, owned by Gazprom Flot LLC, transports LNG between St Petersburg and Kaliningrad, with its route passing along Estonia’s coastline.
Experts suggest Russia’s actions are a hostile message to EU and NATO nations, aiming to deter any attempts to detain or inspect its ships, contributing to increased lawlessness at sea. The vessel and its owner have faced sanctions from the UK, Canada, Australia, and the EU, while Russian officials have stressed the importance of ensuring the combat readiness of their fleet in the Baltic. Related News
The World Bank Group said on Monday it will “retire” its previous goal to devote 45% of its annual lending resources to projects with climate co-benefits, but extend its longstanding Climate Change Action Plan that was due to expire on Tuesday. The development lender, which had been under pressure from the Trump administration to abandon the climate lending target adopted during the Biden administration in 2023, said in a statement it would complete a shift to focusing on lending outcomes rather than input goals.The World Bank said that at the request of its executive board, the lender’s Independent Evaluation Group would perform a review of the Climate Change Action Plan (CCAP), which was first adopted in rolling five-year plans in 2016. Related News
Nigeria’s Economic and Financial Crimes Commission (EFCC) has charged the immediate past Managing Director of the Port Harcourt Refining Company (PHRC), Ahmed Adamu Dikko, and his counterpart at the Warri Refining and Petrochemical Company (WRPC), Jimoh Olasunkanmi Yisawu, with money laundering over the alleged diversion of funds earmarked for the rehabilitation of Nigeria’s moribund refineries, PREMIUM TIMES can report.
Court documents and briefs reviewed by this newspaper show that the anti-graft agency filed a 12-count charge against Mr Dikko and an eight-count charge against Mr Yisawu before the High Court of the Federal Capital Territory (FCT), Abuja, on 22 June. The commission accused both former refinery chiefs of abusing their offices by allegedly laundering proceeds of unlawful activities, receiving payments from contractors engaged by the Nigerian National Petroleum Company Limited (NNPCL), operating accounts used to conceal illicit funds and making large cash transactions in violation of the Money Laundering (Prevention and Prohibition) Act, 2022. Related News
The United States accounted for about a third of the rise in global carbon emissions in 2025, as higher gas prices pushed power producers back to coal, an Energy Institute report showed. Related News
Nigeria’s The Federal Government has announced the discovery of what it described as a world-class polymetallic mineral province in Kaduna State containing deposits of platinum group metals, gold, nickel, copper, lithium and rare earth elements.
The Minister of Solid Minerals Development, Dele Alake, disclosed this on Wednesday at the opening of the African Natural Resources and Energy Investment Summit (AFNIS) 2026 in Abuja. Mr Alake said the discovery was verified by the Nigerian Geological Survey Agency (NGSA) and represents one of the most significant developments in Nigeria’s mining sector in recent years.
According to him, the mineral province was identified through exploration conducted by a private company with support from the geological agency. Related News
Russia is losing its war against Ukraine. Proof of this has come from Russia’s president Vladimir Putin himself, who has admitted all is not going to plan and issued a desperate call for a return to peace talks while his oil refineries burn and his bridges to occupied territory are pounded by Kyiv’s missiles. He has been badly rattled; his airports are closed, his military logistics chain hassnapped, .
In an interview on Sunday, he made a rare admission that the country was suffering from fuel shortages as a result of Ukrainian drone strikes.. Related News
| Oil and Gas Blends | Units | Oil Price | Notes |
| Crude Oil (WTI) Oilprice | US$/bbl | $69.99 | Down |
| Crude Oil (Brent) | US$/bbl | $73.35 | Up |
| Bonny Light 29/06/26 CBN | US$/bbl | $72.21 | Down |
| Dubai | US$/bbl | $79.52 | — |
| Natural Gas | US$/MMBtu | $3.26 | Up |
| Murban | US$/bbl | $70.09 | Up |
| OPEC basket 25/06/26 OPEC | US$/bbl | $76.88 | Up |
| At press time June 30, 2026 |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Submit your Releases or contact us now!, victor@oilandgaspress.com
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