World
Why Strategic Oil Reserves Are the World’s Emergency Energy Buffer
G7 weighs release of strategic oil reserves as IEA signals no immediate action G7 finance ministers are expected to discuss a possible…
Topic
oil
Somalia
Oil and gas prices surge as Iran conflict shows no sign of easing
Oil surges past $90 as war in Middle East chokes Strait of Hormuz, rattling fuel costs worldwide Oil prices spiked and showed…
Somalia
Mogadishu Fuel Prices Surge 77% as Middle East Conflict Roils Global Oil Markets
MOGADISHU, Somalia — Fuel prices in Somalia’s capital surged nearly 77% overnight on Sunday, intensifying pressure on households and businesses already strained…
Somalia
Stock markets, oil prices volatile amid fears Iran conflict will drag on
Stocks in the U.K. and U.S. rose while Asian indexes tumbled Wednesday as oil and gas prices whipsawed on fears the U.S.-Israel…
West-Africa
Nigeria Resolves 15-Year Dispute Over Oil Prospecting Licence 245
Nigeria’s Historic Settlement Paves Way for Oil Development President Bola Tinubu has presided over the successful conclusion of a historic settlement agreement…
World
Oil prices hold steady as markets anticipate easing geopolitical tensions
Oil prices steady as U.S., Israeli strikes on Iran snarl Hormuz shipping and force Iraq output cuts Oil prices were steady after…
World
Oil and gas freight costs soar as Iran threatens Strait of Hormuz
Strait of Hormuz disruption sends tanker and LNG shipping rates to records as U.S.-Iran tensions spike Global oil and gas shipping costs…
Somalia
Global oil and gas prices surge as conflict intensifies
Oil and gas prices jumped Monday as escalating Iranian strikes across the Middle East snarled shipping lanes, hit energy infrastructure and stoked…
Somalia
Iran Claims Strait of Hormuz Closure, Fueling Fears of Oil Market Shock
AXADLE, Somalia — Iran’s state media reported that the Islamic Revolutionary Guard Corps has declared the Strait of Hormuz closed to maritime…
World
Oil prices spike amid Iran conflict, disrupting Middle East supplies
Oil and natural gas prices surged as Israeli and U.S. strikes on Iran and retaliatory attacks by Tehran forced shutdowns of energy…
Southern-Africa
Namibian President’s Sons Reject Allegations Tying Them to Oil Industry
President Netumbo Nandi-Ndaitwah’s two sons have rejected as “a blatant lie” allegations by Independent Patriots for Change (IPC) leader Panduleni Itula that…
