Energy

OMCs cut fuel prices Some major Oil Marketing Companies (OMCs) have initiated a downward adjustment in petroleum product prices effective January 1, 2024. This development...

China restores coal tariffs in threat to Russian exporters China has restored import levies on coal from the beginning of the year, a move that...

Sanctions are crushing Russia's ambitious LNG export projects Russia may have to put its plans to significantly boost its eastbound pipeline gas exports and its...

BoG Forex Auction: 13 BDCs purchase $20m at GHS 12.14/$1 Bulk Oil Distribution Companies (BDCs) undertook a substantive transaction with the Bank of Ghana (BoG)...

Africa becomes a focal point in Russia's global strategy When Wagner mercenary force founder Yevgeny Prigozhin was killed in a fiery plane crash in August,...

Nigeria nearing first-ever deal to supply gas to South Africa Nigeria-based Riverside LNG said it’s in talks to supply gas to South Africa, in what...

The top 5 oil producers of 2023 Defying earlier expectations of slowing growth, U.S. crude oil production has surged this year to extend America's lead...

U.S. shatters oil production records in 2023 The U.S. set a new annual oil production record on December 15, based on data from the Energy...

Russia to cut oil exports from sea ports in January Russia is planning to scale back oil exports from its sea ports next month by...

OPEC nations affirm commitment to group after Angola’s exit OPEC nations Iraq, Nigeria and the Republic of Congo affirmed their commitment to the oil-producer group...