By John Kemp OPEC is changing fundamentally as power in the oil market shifts towards Saudi Arabia, acting in concert with Russia, while the other members of the…
Read More After OPEC, oil market enters a new era
Category: Economy
Cement giant Lafarge charged with funding terrorists, ISIS
By Emeka Ejere French cement giant Lafarge was charged Thursday with complicity in crimes against humanity and financing a terrorist organisation for paying millions to jihadist groups, including…
Read More Cement giant Lafarge charged with funding terrorists, ISIS
World Bank approves $2.1bn loan for Nigeria
Ebun Francis| The World Bank on Thursday said it has approved a loan of $2.1 billion for seven projects in Nigeria. More than half of the loan would be used…
Read More World Bank approves $2.1bn loan for Nigeria
Nigeria LNG to restart fifth unit in July after shutdown
By Emeka Ejere The Nigeria Liquefied Natural Gas’ (NLNG) fifth production unit, or train, is set to resume production in July after it shut down for maintenance on May…
Read More Nigeria LNG to restart fifth unit in July after shutdown
Announcement of new Iran sanctions triggers oil price rise
By Emeka Ejere The United States’ demand that importers stop buying Iranian oil saw prices surge following fears of a global shortage, but a potential trade war with China appears to…
Read More Announcement of new Iran sanctions triggers oil price rise