The European Commission is unlikely to include an immediate cap on natural gas prices in the emergency measures it is set to propose today. The measures will be designed to Continue Reading
A proposed new fund ‘would be a sustainable use of oil and gas revenues and would last for the first decade of independence’. A new prospectus paper detailing plans for Continue Reading
Oil prices rose on Monday after China rolled over liquidity measures to help its pandemic-hit economy, igniting hopes for a better fuel demand outlook from the world’s top crude importer. Continue Reading
Oil clawed back some losses after a weekly slump as fears over an economic slowdown continue to weigh on the outlook for demand. West Texas Intermediate futures traded above $86 Continue Reading
The Dubai benchmark oil prices, a bellwether of demand in Asia, have weakened in recent weeks, reflecting concerns about oil consumption in the most important crude oil importing region. The Continue Reading
The latest discovery comes less than one week after at least 58 illegal oil pipelines were discovered by Tompolo in Delta and Bayelsa States where crude oil was being stolen. Continue Reading
Iran has started refining its crude oil in Venezuela, Iranian media have reported , citing oil minister Javad Owji. Iranian crude is being processed at a rate of 100,000 bpd Continue Reading
The protest movement sweeping Iran spread to a Tehran prison known as a symbol of political repression in a new challenge to the Islamic Republic, with detained dissidents chanting antigovernment Continue Reading
Eight prisoners died as a result of a fire at Tehran’s Evin prison over the weekend, Iran’s judiciary said on Monday, doubling the death toll from the blaze which has Continue Reading
Food importers from Africa to Asia are scrambling for dollars to pay their bills as a surge in the US currency drives prices even higher for countries already facing a Continue Reading
