Commuters were, yesterday, stranded in Lagos, Abuja, Oyo and some other states, as the ongoing fuel crisis bites harder in the country. The scarcity, which started in Abuja about three Continue Reading
Nigeria output at multi-decade low, Angola close to the nadir of the early 2000s: S&P Global Nigeria, Angola show biggest over compliance to quotas among OPEC producers Persistent underinvestment, low Continue Reading
Glencore Energy on Tuesday admitted to paying over $28 million (€26.5 million) in bribes across five African countries to secure preferential access to oil and generate illicit profit. The United Continue Reading
The Indian government has asked state oil companies to scoop up huge volumes of cheap crude from Russia, according to industry executives, strengthening commercial ties with the country even as Continue Reading
Turkmenistan is scrambling to diversify its export markets. The problem, however, is that China is the only major customer of Turkmenistan’s natural gas. Other Eurasian countries could emerge as larger Continue Reading
Scientists say that climate change was likely to have made the rains that unleashed catastrophic flooding across Bangladesh worse. While South Asia’s monsoon rains follow natural atmospheric patterns, the rains Continue Reading
For the first time since 1976, the U.S. economy might grow faster this year than China’s economy. China’s “zero-Covid” strategy has had a detrimental impact on the demand recovery for Continue Reading
Beijing’s caution in challenging U.S. supremacy around the globe might be dissipating. Practical ramifications for the global oil sector from China’s geopolitical shift would be enormous. President Xi has signed Continue Reading
Highlights METI requests exception for Sakhalin 1, 2 equity oil liftings No Japanese refiner imports Russian crude currently: PAJ chief Japan’s Ministry of Economy, Trade and Industry has requested the Continue Reading
Shipping containers are loaded onto trucks at the Port of Boston in Massachusetts. Supply constraints, exacerbated by Russia’s war in Ukraine this year, account for about half of the surge Continue Reading
