Fuel cards: Cost-effective solution for logistics industryWebAdminDecember 19, 2022 by WebAdminDecember 19, 2022 At the networking fueling stations, the fuel cards provide particular discounts... Read more
Kuwaitis & expatriates in oil industry can now ‘sell their leaves’WebAdminNovember 11, 2022November 11, 2022 by WebAdminNovember 11, 2022November 11, 2022 It is being claimed that between 13,000 and 14,000 workers in the oil industry in Kuwait benefited from the sale of leave days... Read more
Drop in Nigeria’s crude oil production causes major concernWebAdminNovember 10, 2022 by WebAdminNovember 10, 2022 The fall in crude oil production threatens the already precarious finances of the most populous country in Africa... Read more
OPEC+ cuts: Russia to be the benefiter?WebAdminOctober 18, 2022October 18, 2022 by WebAdminOctober 18, 2022October 18, 2022 Western sanctions have led to decreased Russian oil output, which has joined Nigeria and Angola as OPEC laggards... Read more
Responding to oil price caps, Russia to send more to AsiaWebAdminSeptember 22, 2022September 21, 2022 by WebAdminSeptember 22, 2022September 21, 2022 Before sending tens of thousands of troops into Ukraine in February, about half of Russia's oil and petroleum product exports went to Europe... Read more
Rising oil costs could hamper Vietnam’s economic growth: ExpertWebAdminSeptember 19, 2022September 16, 2022 by WebAdminSeptember 19, 2022September 16, 2022 HSBC experts projected that Vietnam's economy would continue to grow despite a less optimistic external outlook... Read more
Now, an app to watch crude oil thieves in NigeriaIFM CorrespondentAugust 26, 2022August 25, 2022 by IFM CorrespondentAugust 26, 2022August 25, 2022 NNPC said it has intensified efforts with its international partners to track Nigeria’s stolen crude, using its unique registration.... Read more
Saudi Aramco makes huge profit amid Ukraine-Russia warIFM CorrespondentAugust 22, 2022 by IFM CorrespondentAugust 22, 2022 The amount from the Saudi oil firm Aramco is the biggest quarterly adjusted profit of any listed company.... Read more
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