Nigeria regains top crude oil production spot in Africa – OPEC report
Nigeria has regained the top spot among crude oil-producing countries in Africa with the nation’s crude oi… Read More
The Biden Administration Overturned a Controversial Trump Policy that would have Opened New swathes of Arctic Alaska to Oil Development.
The Bureau of Land Management ( BLM), part of the D… Read More
2023 Presidency: RCCG Youth Pastor calls for sack of another Pastor who campaigned for Osinbajo
Youth Pastor with the Redeemed Christian Church of God (RCCG) Dr. Oche Otorkpa has called fo… Read More
BREAKING: Explosion rocks Abia illegal refinery, many feared dead
An illegal refinery situated in Uzuaku Community in the Ukwa West Local Government Area of Abia State has been hit by an e… Read More
A unique country in the north of Eastern Arabia, Kuwait is gradually climbing up the list of tourist destinations. With the extension of its coast over 500 kilometers, Kuwait is situated at… Read More
Marriott International announced Friday, that it would suspend All operations in Russia, in light of the Restrictions placed on the Russian Economy over the Invasion of Ukraine.
Marriott… Read More
Though recycling has existed throughout history and has always been practised, it is now a crucial part of life. Recycled paper can acually be traced back to 9th century Japan. The Japanese… Read More
Nowadays, there are really more and more financial investors. Looking back, I have been working in this field for countless years, which has really brought great changes to my life and enabl… Read More
According to the latest news, Hoping Club, a “wild” investment management organization headquartered on Wall Street in the United States, announced in an internal annou… Read More
Grooming facial hair is a routine for guys as they want to get it looking as best as possible.
Allowing your beard to get all wrinkly and thin means that you have done all of the grooming a… Read More
Did David really write a Psalm asking: Is there a relationship between sin and illness? No. And yet, it’s a question that comes up from Psalm 6. Too often, we behave like Job’… Read More
Did David really write a Psalm asking: Is there a relationship between sin and illness? No. And yet, it’s a question that comes up from Psalm 6. Too often, we behave like Job’… Read More
OPEC Members control slightly over 80% of the world's proven oil reserves. The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of… Read More
A supertanker bought by the United Nations to remove oil from a ship abandoned off war-ravaged Yemen’s coast departed China on Thursday, the UN announced, calling it a “significa… Read More
Kuwait announced a new government on Sunday, its seventh in three years of deep political crisis between parliament and the executive. Despite being the only Gulf Arab state to have an elect… Read More
As the lifeblood of your vehicle’s engine, choosing the right motor oil is essential to ensure optimal performance and longevity. There are many different types of motor oils available… Read More
The OPEC Secretary General lashed out at the International Energy Agency, saying that the world's leading energy authority should be "very careful" about undermining industry investments. Th… Read More
To "invest" in Iraqi dinars, it's the same as investing in any other currency. You purchase a certain amount of dinars and pay with the equivalent amount of U.S. dollars. Like buyi… Read More
Saudi oil minister Prince Abdulaziz bin Salman has warned market speculators to "watch out" ahead of the next OPEC+ meeting on 4 June. Abdulaziz has previously criticised oil price speculato… Read More
On Friday, May 26, 2023, Iraq's Kurdistan Regional Government announced its opposition to the Iraqi federal budget draft changes that violated the rights of Kurdish citizens. This… Read More
Activists and religious figures protested against TotalEnergies' $10 billion East African Crude Oil Pipeline (EACOP) project in Uganda and Tanzania, claiming it will harm biodiversity and di… Read More
China had the highest demand for Iraqi oil in May, as they purchased 37.77 million barrels of it – making up 36.21% of Iraq’s exports for the month. India was second on the list… Read More
Goldman Sachs has cut its oil price forecast by nearly 10% due to increasing supply and slower demand for crude. The bank lowered its Brent outlook for December to $86 a barrel, down from $9… Read More
GREAT NEWS, EVERYONE! The Iraqi legislature has signed off on a gigantic 2023 budget of 198.9 trillion dinars ($153 billion). This record-breaking spending will be used for public wages, dev… Read More
June 2023 - In a move that could have far-reaching consequences for the global oil market, Qatar and Iraq have signed an explosive MoU to establish a mammoth 150,000 barrels per d… Read More
Oil prices rose after an attempted insurrection in Russia by the Wagner group of mercenaries stoked fears of supply disruption. The rebellion posed a threat to Vladimir Putin's grip on power… Read More
A new oil spill from a Shell facility in Nigeria has polluted farmland and a river in the Eleme area of Ogoniland, a region that has long experienced environmental pollution caused by the oi… Read More
Russian President Vladimir Putin praised Prime Minister Narendra Modi's 'Make in India' initiative, stating that it has had an impressive effect on the Indian economy. Putin suggested that R… Read More
Activists from Just Stop Oil disrupted the Pride parade in London by blocking a float sponsored by Coca-Cola to protest against the event taking money from "high-polluting" sponsors. The act… Read More
Oil is indeed the lifeblood of any vehicle powered by an internal combustion engine. A car without oil is akin to a body without blood; it simply won’t function. Regularly changing you… Read More
Saudi Arabia has extended its oil production cut by one month, with a reduction of around 9 million barrels per day (bpd) until the end of August. This extension aims to support the stabilit… Read More
One person was killed and another seriously injured in an explosion during the manufacture of crude bombs in West Bengal. The incident occurred in Shalipur village in the Haroa area of North… Read More
Ten years after a tragic incident in Lac-Mégantic, Quebec, where a train carrying crude oil derailed and caused an explosion, the community remains divided over a plan to reroute the… Read More
Saudi Arabia has dismissed any discord with Russia, praising their coordinated efforts to remove barrels from the market and boost oil prices. Riyadh has extended its production reduction of… Read More
An explosion and fire destroyed an offshore gas platform in the Gulf of Mexico, killing two workers and leaving one missing. The platform, operated by state-owned oil company Petroleos Mexic… Read More
As I read the news article on the International News Feed, my heart was heavy with the knowledge that Iraq would be resorting to using oil to pay for its Iranian gas imports. While it… Read More
The future prediction for the #IQD to the year 2025 is not a science. There are many factors that make up the financial prediction for any country's foreign currency rate. … Read More
Saudi Arabia's economy slowed in the second quarter, with GDP expanding by 1.1% compared to 3.8% in the previous quarter and 11.2% in the same period last year. The non-oil sector grew by 5… Read More
Saudi Arabia will continue its voluntary 1-million-barrel-per-day crude oil production cut into September, marking the third consecutive month of declines. The country's production for Septe… Read More
Iraq's Ministry of Oil has announced preliminary oil exports for July:Total exports of crude oil: 106,755,169 barrelsRevenues from crude oil exports: $8.293 billionIn central and south… Read More
Oil prices have eased from four-month highs, with Brent futures trading 0.9% lower at $85.44 a barrel and WTI futures dipping 1% to $82.02 per barrel. Despite this, WTI is on track for its t… Read More
According to the U.S. Energy Information Administration (EIA) and Shafaq News, Iraq increased its oil exports to the United States by 30.5% in the first five months of 2023.From January to M… Read More
Dele Momodu, a Peoples Democratic Party (PDP) chieftain, has taken to social media to express his views, following the release of an old video in which late politician Moshood Abiola spoke a… Read More
Saudi Arabia has extended its voluntary oil production cut of 1 million barrels per day until the end of the year. The cut was first implemented in July and has been extended on a monthly ba… Read More
Saudi Arabia and Russia have announced that they will extend their voluntary oil production cuts through the end of the year, reducing global crude output by 1.3 million barrels and pushing… Read More
U.S. crude oil prices have surpassed $90 a barrel for the first time since November 2022, driven by expectations of a tighter supply. West Texas Intermediate crude (WTI) rose 1.6% to reach a… Read More
Oil prices reached their highest level of the year, with some analysts predicting a return to $100 a barrel before the end of 2024. Brent crude futures traded at $93.29 a barrel on Friday, w… Read More
The cost of fuel in Kenya has reached a record high, with a litre of petrol now priced at over 200 Kenyan shillings ($1.36). This is adding to the economic difficulties faced by Kenyans, who… Read More
O mercado está, já sem quaisquer dúvidas, sem capacidade de resposta para a procura e os preços reflectem esse défice na oferta, como o demonstra o facto d… Read More
At least 18 people, including a pregnant woman, were killed in southern Nigeria when an illegal oil refinery exploded. The explosion occurred when a homemade refinery ignited a nearby oil re… Read More
The International Energy Agency (IEA) and OPEC are engaged in a dispute over peak oil demand, which refers to the point when global crude demand reaches its highest level and begins to decli… Read More
Russia's government has lifted a ban on diesel exports delivered to sea ports via pipelines, removing a significant portion of the restrictions that were imposed last month. The Kremlin stat… Read More
Energy experts predict that there may be a temporary spike in crude oil prices following the attack on Israel by Hamas, but the overall impact on the market will likely be limited. The exper… Read More
Oil prices rose 4% after Palestinian militants Hamas launched a surprise attack on Israel, extending the Israel-Hamas conflict into its third day. Global benchmark Brent traded at $88.02 a b… Read More
The Saudi energy minister, Prince Abdulaziz bin Salman, stated that the Saudi and Russia-led oil producers' alliance, known as OPEC+, is prepared to wait for "real numbers" before adjusting… Read More
OPEC has raised its long-term forecast for global oil demand, predicting it to reach 116 million barrels per day by 2045. This contrasts with the International Energy Agency's (IEA) predicti… Read More
Barely five months after Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited said the company would no longer be the sole importer of petrol into… Read More
The International Energy Agency (IEA) has warned that oil markets are likely to remain uncertain as the Israel-Hamas conflict continues. Although the conflict has not yet directly impacted p… Read More
Ex-Niger Delta militant leaders have sent a serious warning to Sheikh Ahmad Gumi over comments he directed at the minister of the Federal Capital Territory (FCT), Nyesom Wike.
The militant l… Read More
The Senate confirmed Mr Zacch Adedeji’s nomination as Chairman of the Federal Inland Revenue Service (FIRS) on Tuesday.
Adedeji, who appeared in the upper house on Tuesday for his scre… Read More