Nigeria needs to prepare for when data will overtake oil – Senator Bassey

The Federal Government has disclosed that telecommunications subscribers would pay a five percent tax on calls, SMS, and data services. Meanwhile, stakeholders in the industry have expressed dissatisfaction over the government’s resolve to implement a five percent excise duty on all telecommunications services in Nigeria.

A deadly fire at Cuba's main oil terminal Matanzas is still burning days after one of its gas tanks was struck by lightning. Mexico and Venezuela have deployed teams to help contain the blaze.

North Dakota is a hub of the US hydraulic fracturing industry and the country's second-biggest oil producer. Surging demand for fracked oil and gas amid the Ukraine war means booming business, sidelining green energy.

Saudi energy giant Aramco says its profits have nearly doubled compared with last year. The firm, which is nearly fully state-owned, has seen both demand — and pump prices — soar.

US Senator Marsha Blackburn met with Taiwanese President Tsai Ing-wen, expressing support for the island. She arrived after visiting Fiji, the Solomon Islands and Papua New Guinea.

Claudia Kemfert of the German Institute for Economic Research calls for a ban on Russian oil imports even if this means another hike in fuel prices.

Puddles of oil in the forests, polluted lagoons, crabs covered in oil: with photos and videos, activists have been denouncing recurrent pollution in western Gabon. In three years, they have recorded ten polluted sites in the Etimboué region, all of them located near the oil fields belonging to the Franco-British company, Perenco. Perenco's speciality is operating low-cost, end-of-life oil fields. But according to activists, its infrastructure is dilapidated and is causing serious damage to the environment. The France 24 Observers investigated in this special episode.

A slight increase in US consumer prices for the month of August has ignited fears of more Federal Reserve moves to curb inflation. An earlier drop in US markets had a knock-on effect on Asian marketplaces this Wednesday.

OPEC+ said Wednesday that it will slash oil production by 2 million barrels per day, the biggest cut since the start of the pandemic, in a move that threatens to push gasoline prices higher just weeks before US midterm elections.

OPEC+ is cutting global oil production to drive up prices. The move shows that Russia can still count on the cartel led by Saudi Arabia to help it bolster its war chest.

In Poland, a leak in the Druzhba pipeline that is carrying oil from Russia to several European countries has been detected. Authorities stated that it is too early to identify the cause of the damage. Germany's economy ministry says it is receiving less oil, but supplies are guaranteed.

Data from the Nigerian Upstream Petroleum Regulatory Commission shows that total oil production loss in the third quarter of this year, stood at 6.6 million barrels per day.