Crude oil futures touched 13-year highs on Monday as the US and UK signalled a willingness to include the previously untouched Russian energy sector in sanctions. Meanwhile, more US firms and Chinese social media giant TikTok are suspending Russian operations, and new UK laws to sanction Russian oligarchs could mean big changes for London's luxury real estate market.
Oil from the Niger Delta region has brought Nigeria great wealth as well as devastating pollution. Spills from oil pipelines have damaged the environment, the livelihoods and the health of the residents. DW’s Fred Muvunyi reports from Ogoniland.
The International Atomic Energy Agency (IAEA) will send experts and sophisticated monitoring equipment to help Peru assess and limit the environmental damage from a major oil spill in its coastal waters, Director General Rafael Mariano Grossi told the Foreign Minister of the South American nation today.
Victoria Scholar, head of investment at Interactive Investor, says the geopolitical volatility and limited supplies mean oil prices will continue to rise and are likely to pass well beyond the symbolic $100 per barrel level.
Global stock markets have taken a beating as investors rush for safe havens amid an escalation in geopolitical tensions over Ukraine. Russian stocks and bonds as well as the ruble are among the biggest losers.
Nigeria, once again, has been hit with a scarcity of fuel, as most filling stations in the country have either stopped selling to the public or have run out of supply. GuardianTV went round to find out how the scarcity is biting hard on Nigerians.
Brent crude topped $88 a barrel in Tuesday trading, its highest level since October 2014 - creating a further potential headache for squeezed UK consumers if the increase is passed on to petrol pumps.
31 Dec 2021
The president of Guinea-Bissau has negotiated an oil deal with his counterpart from Senegal, without parliamentary approval. Umaro Sissoco Embalo is now facing a ministerial uprising supported by civil society.
26 Nov 2021
Three weeks after the Santa Barbara wellhead failed, it is still blasting water, gas and oil across Nembe in Nigeria's Delta, littering the shoreline and water with yellow-brown clumps of waste as cleanup crews and booms struggle to contain it. Santa Barbara wellhead owner Aiteo Eastern E&P, the petroleum minister and Nigeria's president have all promised that specialist workers would quickly stop the spill. But experts say the difficulties containing it are a reminder of how the once-fertile, fish-filled creeks, mangrove swamps and waterways that crisscross Nigeria's Delta became some of the most polluted areas on the planet amid decades of energy exploration.
16 Oct 2021
Nigeria's dependence on crude oil makes its economy vulnerable. But the transition to an economy not based on oil won't be easy.
Facebook, Instagram, WhatsApp down in global outage, Nigerian governors, etc named in Pandora Papers
4 Oct 2021
Here are a few reasons to pick up a copy of The Guardian on Tuesday. Find these stories and much more when you grab a copy of The Guardian on Tuesday.
2 Oct 2021
Traditionally, the hills of eastern Rwanda were a place for growing coffee, sweet potatoes, sugar cane and bananas. But in recent years, new plants have also appeared, such as patchouli, geranium and eucalyptus. Whole villages have begun to transform them into essential oils, helping lift many inhabitants out of poverty. And demand is booming for these wellness products worldwide. Our France 2 colleagues report, with FRANCE 24's Olivia Bizot.