Is Saudi Arabia really quitting oil?
Saudi Arabia has set itself ambitious targets for green energy and wants to become carbon neutral by 2060. So will it now cease fossil fuel production altogether? Not at all. In fact,…
Oil prices collapse with biggest drop since 1991 Gulf War
Saudi Arabia has taken drastic measures after Russia refused to comply with OPEC efforts to stabilize the market. The economic fallout of the coronavirus outbreak is cutting deep into global demand for…
Supreme Court dismisses APC, Lyon’s application to review Bayelsa verdict and many more || Tomorrow’s News Today
Here is why you should pick up a copy of The Guardian on Thursday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on…
NNPC loses $750m in 2019
This edition of Business Nigeria dissects crude oil theft and the losses it has brought upon Nigeria as a nation.…
Four-Legged Robot goes to work on Norwegian oil rig
A four-legged robot called spot has gone to work on a Norwegian oil rig.…
Angola sells $7.6 billion worth of crude in 2019
Angola sold crude oil worth $7.6 billion in the fourth qtr of 2019 resulting from the export of 117 million barrels by Sonangol and the Int'l oil companies operating in the country.…
Middle East tensions: Oil, gold surge as stocks suffer losses
Middle East tensions: Oil, gold surge as stocks suffer losses…
Using essential oils to rehabilitate land in South Africa
Some local farmers in South Africa's Eastern Cape switched to producing indigenous flowers to extract essential oils as an alternative source of income. The herbs require little water and help prevent desertification.…
Galapagos wildlife spared in oil spill
The Galapagos Islands' delicate ecosystem was saved from the effects of an oil spill after a barge sank on Sunday. But authorities are 'very concerned' about the vessel's recovery.…
Oil market awaits ratification of OPEC and supply cut
The Organisation of Petroleum Exporting Countries (OPEC) has agreed to increase output curbs in early 2020. The agreement, which needs to be formally adopted later today, will cut an extra 500,000 barrels…
Saudi Aramco raises record $25.6 billion in IPO as OPEC members hash out a deal
Saudi oil giant Aramco raises $25.6 billion in the world's biggest ever IPO, beating a record set by Alibaba in 2014. Meanwhile, OPEC members meet in Vienna to discuss cutting oil production…