Saudi Arabia Cuts July Oil Volumes To China
Saudi Arabia has concluded plans to ship lower-than-stipulated crude oil volumes to some of its Chinese buyers next month, even…
EU Discloses $220bn Plan To Abandon Russian Energy
The European Commission has announced a 210 billion euro ($220bn) plan which has been designed to help the it bring…
Hungary Estimates Price Of Cutting Off Russian Oil At €15bn
Hungary has disclosed that it would cost about 15 to 18 billion euros ($16 to $19 billion) to prepare its…
OPEC Increases Nigeria’s Oil Production Quota For June
The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.735 million barrels per…
Ukraine, Russia War Causing Huge Volatility, OPEC Laments
The Organisation of the Petroleum Exporting Countries (OPEC) has lamented that the ongoing war by Russia in Ukraine is causing…
Fall In Oil Price Forces Anambra Govt To Review 2020 Budget
The fall in the global prices of oil occasioned by the Coronavirus pandemic has forced the Anambra State government to…
Iraq Warns Of ‘Collapse’ If Trump Blocks Oil Cash
Iraqi officials fear economic “collapse” if Washington imposes threatened sanctions, including blocking access to a US-based account where Baghdad keeps…