FeaturedOil & GasDrop 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
FeaturedOil & GasNow, 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
EnergyFeaturedLow-income countries might see inflation as energy prices increase: World BankIFM CorrespondentOctober 26, 2021 by IFM CorrespondentOctober 26, 2021 Energy prices are expected to increase by more than 2% in 2022... Read more
FeaturedOil & GasSaudi Arabia registers 20% drop in crude oil export in H1 2021WebAdminAugust 23, 2021August 24, 2021 by WebAdminAugust 23, 2021August 24, 2021 The output at oil refineries stood at 2.43 mn bpd during the first six months... Read more
FeaturedOil & GasOil prices decrease as Chinese crude import sends warning signalsWebAdminJuly 15, 2021 by WebAdminJuly 15, 2021 Experts warn if OPEC does not agree to raise supplies, high oil prices will lead to demand destruction... Read more
FeaturedOil & GasOil prices rise as negotiations between US and Iran are due to resumeWebAdminMay 25, 2021 by WebAdminMay 25, 2021 The price increased for a third on Tuesday after holding around a one-week high... Read more
FeaturedOil & GasCrude oil from Saudi to China up by 8.8% in MarchWebAdminApril 20, 2021 by WebAdminApril 20, 2021 The rise is because of the heavy demand and the arrival of the delayed shipments due to port congestion... Read more
FeaturedShipping and PortsTanker shipping tonne-mile demand record 5% slump in 2020International Finance Business DeskFebruary 11, 2021 by International Finance Business DeskFebruary 11, 2021 Last year, routes from South America to Asia recorded 757m tmpd, while another route from West Africa to Asia marked a 441m tmpd surge... Read more
FeatureOil & GasVenezuela resumes oil shipments to China despite US sanctionsPritam BordoloiNovember 30, 2020 by Pritam BordoloiNovember 30, 2020 China is the biggest buyer of Venezuelan crude... Read more
Oil & GasSaudi Arabia joins US-led maritime coalition to protect oil shippingInternational Finance DeskSeptember 19, 2019November 4, 2019 by International Finance DeskSeptember 19, 2019November 4, 2019 Currently, the US, the UK, Bahrain and Australia are the only member countries of the task force... Read more