Don’t see $100 oil anytime soon: RS Energy’s Brower
28 April 2019 | 1:23 pm
Brent crude breached $75 a barrel for the first time since October, and U.S. benchmark West Texas Intermediate rose above $66 a barrel. Prices have surged as the U.S. decision to tighten Iran sanctions and contamination in Russian shipments fueled supply fears.
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The IEA said renewable energy is expanding faster than many people realize, but it warned that investment in fossil fuels is not slowing fast enough to reach goals to slash emissions by 2050.
The move to slash supplies by 1 million barrels per day in July is "extendable," said Riyadh. Members of the OPEC+ grouping also agreed to extend cuts previously agreed in April until the end of next year.
Find these stories and much more when you grab a copy of The Guardian on Tuesday.
Following the removal of the fuel subsidy on May 29 by President Bola Tinubu. Prices of goods and services have largely increased with several businesses struggling to keep the door open. GuardianTV stepped out today to check in with Nigerians to see if they've gotten used to the new normal and this was what they had to say.
Less than a week after the Wagner Group's attempted coup, uncertainty reigns in Russia. Opponents of Vladimir Putin are considering other threats to his leadership, including the economy. The oil price is a major hitch.
In spite of an agreement struck in April to cut production of crude by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, oil prices still haven't seen a boost. In this edition, we see that concerns over global economic growth are outweighing the production cuts. Also, European space rocket Ariane 5 gears up for its final lift-off and Singaporean bank UOB makes a winning bet on Taylor Swift fans.
Fresh figures have shown the extent of the European Union's efforts to reduce its energy dependency on Russia, with Moscow accounting for just 3 percent of the bloc's oil imports in the first quarter of this year, compared to 26 percent during the same period in 2022. The EU has also moved away from Russian natural gas, relying more heavily on Norway, the UK and Algeria. This comes as the decline in Moscow's export revenues weakens its currency.
Following the receipt of credible intelligence, a Private Security Contractor engaged by NNPC Ltd., Messrs. Tantita Security Services, intercepted a suspicious Vessel with a Cargo of Crude oil on board on July 7, 2023.
Angola is rich in crude oil but has to import the fuel it needs. A new refinery could change that.
The UN says it has begun an operation to pump 1 million barrels of oil from a rusting supertanker off Yemen's coast, hoping to avoid an environmental disaster that could devastate local ecosystems and major ports.
The UN said over 1 million barrels of oil have been removed from the tanker, off Yemen's Red Sea coast. For years, the UN and other organizations had sounded the alarm over the dangers surrounding the corroding vessel.
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With the increased amount of action that footballers have to deal with and how it affects the collective. Of course, teams in Europe are having a hard time including Manchester United. This is The Nutmeg on GuardianTV.
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The German government has agreed on a package of measures to support a struggling construction and housing industry, according to reports.
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As Sudan plunged into civil war, the ethnic-African Masalit tribe came under weeks of systematic attacks in West Darfur by the paramilitary RSF and its Arab militia allies.
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European governments have a duty to rescue asylum seekers who cross the sea to escape conflict, Pope Francis said in Marseille. He called it "a duty of humanity" to save people in difficulty.
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Starting on Saturday September 23, China is hosting the Asian Games, a major multi-sport event held every four years between the Olympics. The 19th edition, postponed from last year, brings together some 12,000 athletes from across the continent, competing in 40 sports over two weeks in the eastern city of Hangzhou. For the first time, e-sports are featured as an official medal sport event, with seven golds on offer. But a lot of attention is also focused on what's happening outside the tracks and arenas. FRANCE 24's Oliver Farry tell us more about the geopolitical aspect of the event.