Oil prices soar after attacks on Saudi facilities
By TVC News Nigeria
23 September 2019 | 2:03 pm
The attacks on Saudi Arabia's oil facilities has led to the increase in the oil prices in the international market.
July 9, 2023
July 11, 2023
July 26, 2023
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.
Saudi Arabia is seeking to increase its influence in the Emirates-backed port city of Aden. Behind this move, observers see the beginning of an exit strategy from the brutal and costly war in Yemen.
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.
Youth plaintiffs have won a rare victory against a US state government for promoting climate-killing fossil fuels. A tsunami of climate-related lawsuits are set to follow.
Find these stories and much more when you grab a copy of The Guardian on Thursday.
Some see the 5-member club as a counterweight to traditional Western-led forums and institutions. But what exactly is BRICS and why does it matter?
Ecuadorians have said 'no' to oil extraction in a portion of the Amazon, one of the world's most biodiverse regions, in a referendum hailed as a historic example of climate democracy.
50 mins ago
US Vice President Kamala Harris will head the new federal office, as she and Biden gear up for the 2024 election. The White House efforts towards gun control are unlikely to be effective without the support of Congress.
54 mins ago
Israeli Prime Minister Benjamin Netanyahu was optimistic about the prospect of reaching an agreement with Saudi Arabia, even as the peace pact still faces major hurdles.
56 mins ago
During a speech in France, the Catholic leader urged a humane pan-European response to migration. French President Emmanuel Macron attended the address as his government deliberates a harsher response to asylum-seekers.
1 hour ago
Secretary of State Antony Blinken has said that the US takes "very, very seriously" incidents of "transnational repression," adding that he wants to ensure "accountability."
1 hour ago
An explosion erupted at a warehouse for smuggled fuel in southern Benin. Benin's informal economy is heavily reliant on selling smuggled Nigerian fuel on the black market.
2 hours ago
Pakistan's parliamentary elections will be held next January, the country's election authority announced on Thursday, delaying the vote that was initially tabled for November. The Election Commission of Pakistan said the elections are scheduled for the last week of January.