Bell Tolls for the Petro-Dollar
Many countries rejecting the use of the US dollar in oil payments will undermine the US economy former White House staffer warns The US is...
A Hunk of Metal
US official tells Congress that the Biden Administration is pleased the Nord Stream 2 pipeline is at the bottom of the sea US Under Secretary...
Fuel Price Hiked
Nigeria's lingering fuel crisis comes to a head with the Federal Government raising the price to N185 a litre after months of scarcity The Federal...
Russia Bans Oil Exports
President Vladimir Putin of Russia signs decree banning oil sales to countries that impose price cap on Russian oil President Vladimir Putin has signed a decree...
OPEC+ Maintains Production Quotas
Despite a worsening global economy and a Russian price cap, OPEC+ will continue cutting oil production till the end of 2023 The ministers of OPEC+...
Russia Rejects Oil Price Cap and Biden’s Terms
Kremlin says US must recognise its new territories before talks and insists that it will not supply oil to countries imposing price cap Russia prefers the...
Blow to Biden
OPEC+ denies reports of oil production increase dealing a blow to the Biden administration The Kuwaiti oil minister on Tuesday denied reports that there have...
Nord Stream WhodunitÂ
Two-day EU meeting in Brussels condemned acts of sabotage against Nord Stream pipelines The mystery deepens. A two day European Union (EU) meeting ended Friday with...
China Cuts LNG Exports to Europe
China moves to secures its own domestic supply The Chinese National Development and Reform Commission has told state owned energy giants PetroChina, Sinopec and CNOOC...
Oiling the Mid Terms
Biden to sell oil from the Strategic Petroleum Reserve to bring down prices ahead of crucial mid-term elections President Joe Biden is to sell million...