Roiling oil: Price volatility rises on geopolitical shifts
04 May 2019 | 7:11 am
Roiling oil: Price volatility rises on geopolitical shifts.
In this article
Shell Petroleum Development Company (SPDC) yesterday announced that it would pay €15 million to farmers in three Niger Delta communities as compensation for damages to their farms from pipeline leaks between 2004 and 2007.
Afghanistan, Ukraine and much further afield: The fight for women's rights is ongoing and business has a role to play. Natalia Kanem, executive director of the UN's Population Fund, speaks to DW at the WEF.
Almost all European chambers of commerce remain active in Myanmar nearly two years on from a military coup that ousted a democratically-elected government and sparked a civil war.
Uganda on Tuesday commissioned the first of its four planned oil rigs and the start of drilling the first production well, a key milestone as the country races to meet its target of first oil output in 2025 after a long delay.
More than 13,000 Nigerian residents take Shell to court over oil spills. The claim from 11,317 people and 17 institutions in the Niger Delta area of Ogale was filed last week, according to Leigh Day, the U.K. law firm representing the plaintiffs.
The Big Oil bonanza keeps on coming, as France's TotalEnergies rounds out a week of record profits. Oil and gas giants have faced growing criticism about their environmental impact, as well as calls to pay higher taxes while households and businesses struggle with high energy prices.
The five largest Western oil firms announced nearly $200 billion in profits after the Ukraine war sent energy prices soaring. As China reopens, oil demand is likely to stay strong, alongside calls for windfall taxes.
This week saw the release of a wide-ranging investigation into the lucrative disinformation industry, published by a media consortium led by the French NGO Forbidden Stories. At the centre of the story is a shadowy Israeli group nicknamed "Team Jorge" who claims it has influenced 33 elections worldwide with a potent combination of phone hacking and thousands of fake profiles.
A French court has rejected a demand to suspend a controversial oil and gas project largely owned by energy giant TotalEnergies in East Africa. But a lesson could be drawn from the verdict.
The disappearance of Chinese banker Bao Fan has renewed concerns about Beijing's crackdown on entrepreneurs. Experts say the trend will cause investors to lose confidence in China.
Germany has said it wouldn't be buying Russian crude oil this year as it weans itself off its erstwhile biggest energy supplier. But an oil deal with Kazakhstan means Moscow would continue to hold some sway over Berlin.
An explosion on a Nigerian oil pipeline owned by Shell killed at least 12 people on Friday (March 3), authorities at the scene said, while members of the affected community in Emohua said they feared many more had died in the blast.
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