Wednesday, 25th May 2022
<To guardian.ng
Search

Brent crude oil nears 6-week high

U.S oil producers have cut their production output by over half owing to storm in the Gulf of Mexico. This has pushed oil prices near a six-week high. Uchenna Minnis, Chief Market Analyst at Eagle Global Markets joins CNBC Africa for more.

Related

16 Oct 2021
Nigeria's dependence on crude oil makes its economy vulnerable. But the transition to an economy not based on oil won't be easy.
24 Oct 2021
Saudi Arabia is creating the "world's first tourism destination on offshore platforms" as part of a drive to diversify the economy away from oil. The Rig will be an oil-themed “extreme park” that will be sitting atop a converted oil rig in the Arabian Gulf.⁣
28 Oct 2021
Africa's abundant sunshine is ideal for renewable energy production. But the continent relies heavily on crude oil. Experts warn that the economy will continue to suffer if governments don't wean themselves off of oil.
29 Oct 2021
The WikiLeaks' founder is currently fighting an appeal by Washington to extradite him back to the US. Assange's legal team has rejected US assurances that he won't be sent to a "Supermax" prison.
7 Nov 2021
The expert faces charges of providing false statements as part of special counsel John Durham's ongoing investigation into the so-called "Steele dossier."
8 Nov 2021
The explosion, in the capital, Freetown, happened as large crowds gathered to collect leaking fuel. The oil tanker was damaged earlier in an accident with a bus.
24 Nov 2021
The US has announced it will release 50 million barrels of oil from its strategic reserves, in coordination with several major consumer nations including China and India.
26 Nov 2021
Three weeks after the Santa Barbara wellhead failed, it is still blasting water, gas and oil across Nembe in Nigeria's Delta, littering the shoreline and water with yellow-brown clumps of waste as cleanup crews and booms struggle to contain it. Santa Barbara wellhead owner Aiteo Eastern E&P, the petroleum minister and Nigeria's president have all promised that specialist workers would quickly stop the spill. But experts say the difficulties containing it are a reminder of how the once-fertile, fish-filled creeks, mangrove swamps and waterways that crisscross Nigeria's Delta became some of the most polluted areas on the planet amid decades of energy exploration.
8 Dec
Africa's abundant sunshine is ideal for renewable energy production. But the continent relies heavily on crude oil. Experts warn that the economy will continue to suffer if governments don't wean themselves off of oil.
22 Dec
Find these stories and much more when you grab a copy of The Guardian on Wednesday.⁣⁣
27 Dec
Former US State Department specialist Michael Kimmage talks to DW’s Brent Goff on "The Day" about Russia's intentions with its military buildup on the border with Ukraine. Kimmage said that despite the unity between the US and Europe and the threat of tough sanctions, Moscow actually has more leverage now than during the 2014 annexation of Crimea.
28 Dec
Captain Sunil Kumar Nandeshwar admitted he had been drinking alcohol as cargo ship Wakashio ran aground in July 2020, spilling more than 1,000 tons of fuel into the Indian Ocean.