Thursday, 8th June 2023
<To guardian.ng
Search

U.S 30-year treasury yield hit record low, backs fears of global recession

By CNBC
18 August 2019   |   12:39 pm
Oil Prices steadied today following a sharp dip from recession concerns. Brent currently trades down 13 cents to 59 dollars 35 cents. To discuss this and other stories making the rounds, Winston Osuchukwu, Co-founder of Trans-Sahara Incorporated joins CNBC Africa for more.

Related

15 Mar
In Kenya, dollar shortage has hit oil importers hard as they need the greenback to bring in supplies.
16 Mar
The Democratic Republic of Congo wants more money for climate projects. Otherwise, oil drilling could replace fishermen in the world's largest peat bog. And that could spell devastation for the environment.
26 Mar
The US dollar dominates the world of international trade and has a leading position in global foreign reserves. But could the Chinese Yuan or cryptocurrencies pose a challenge? This edition of Business Beyond considers the pros and cons of having a single currency with so much power.
24 Mar
Thousands of people in Nigeria's Niger Delta region are suing oil giant Royal Dutch Shell over alleged damage to their communities. They hope to convince a British court that Shell's exploration activities have polluted their rivers and water supplies.
3 Apr
The oil production cuts will total more than a million barrels per day — the biggest reduction since OPEC slashed two million barrels a day in October.
4 Apr
An unexpected OPEC production cut announcement has pushed up the price of oil. Besides reducing the amount of oil for sale, the move could also play into the hands of Russia and refill its war chest.
10 Apr
Guyana is one of the Caribbean’s poorest countries. But now huge oil reserves have been found off the country's coast. That’s raised hopes it will soon be as rich as Qatar. Activists warn of the potential environmental fallout.
11 Apr
Lawyers representing more than 13,000 Nigerians argued at London's High Court on Tuesday (April 4) that Shell is attempting to shield itself from scrutiny over pollution in Nigeria.
15 Apr
One traditional method of making edible palm oil in Nigeria involves stomping on the fruits. Some food experts say the use of feet in the production process could pose a hygiene risk.
23 Apr
The oil and gas industry is playing an important role in the energy transition by providing the affordable and reliable energy needed to fuel fair growth and improved living conditions for all, producing this energy with decreasing emissions to support a net-zero world.
29 Apr
Germany's cabinet has approved draft legislation to force the transition to renewable energy. It's triggering panic among homeowners.
26 Apr
On Friday Twitter removed its iconic blue check from profiles not paying the $8 monthly subscription. The mark is no longer proof of authenticity. Is this another step in Twitter's demise? Plus, Russian meddling in German politics.