US imposes fresh sanctions: More trouble for Chinese, UAE firmsIFM CorrespondentAugust 11, 2022August 10, 2022 by IFM CorrespondentAugust 11, 2022August 10, 2022 The United States imposed penalties on companies from Singapore, Hong Kong, and the UAE, as per the Treasury website.... Read more
COVID impact: UK taxpayers own shares in cannabis oil firmIFM CorrespondentAugust 9, 2022August 9, 2022 by IFM CorrespondentAugust 9, 2022August 9, 2022 Due to a government rescue funding program established during the COVID disaster, UK taxpayers now own shares in 65 additional businesses.... Read more
Will Saudi Arabia, UAE bail out from oil crisis?IFM CorrespondentAugust 4, 2022August 3, 2022 by IFM CorrespondentAugust 4, 2022August 3, 2022 OPEC was established in 1960 as a cartel with the intention of controlling the price and supply of oil globally.... Read more
Decline of Nigeria crude exports: Country heading towards economic collapse?IFM CorrespondentAugust 1, 2022 by IFM CorrespondentAugust 1, 2022 The Excess Crude Account and fuel subsidies have depleted state coffers in the first four months of 2022.... Read more
Oil & gas: What makes this industry most profitableIFM CorrespondentJuly 25, 2022 by IFM CorrespondentJuly 25, 2022 According to IMF, the fossil fuel industry also benefits from subsidies of USD 16 billion a day.... Read more
Shell planning to drill in the Gulf of Mexico for oil extractionIFM CorrespondentJuly 11, 2022July 11, 2022 by IFM CorrespondentJuly 11, 2022July 11, 2022 US President Joe Biden is considering opening the gates for drilling in the Gulf of Mexico.... Read more
Ukraine war impact: G7 proposes price cap on Russian oilWebAdminJuly 7, 2022July 8, 2022 by WebAdminJuly 7, 2022July 8, 2022 This year's G7 Summit was held at the castle resort in the Bavarian Alps and was dominated by the war in Ukraine and its impact on the economy... Read more
Europe told to buckle-up as Russia set to turn off gas exportsIFM CorrespondentJune 29, 2022June 29, 2022 by IFM CorrespondentJune 29, 2022June 29, 2022 The development comes after Europe was warned by the head of the International Energy Agency that Russia is planning to cut off the gas exports.... Read more
Kuwait oil revenues reach $38.10 bn in 2021IFM CorrespondentJanuary 18, 2022 by IFM CorrespondentJanuary 18, 2022 The gulf OPEC member recorded a budget deficit of Dh682.4 mn in the first nine months of the fiscal year... Read more
Brazil auctions two large oil blocks, raises $2 bnIFM CorrespondentDecember 20, 2021 by IFM CorrespondentDecember 20, 2021 Total, Shell, Petronas and Petrobras among the winning bidders... Read more