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Russia’s Oil Production Jumps By 5% In June

Russia’s crude and condensate production has increased in June by 5% to an average of 10.7 million barrels per day (bpd), Russian daily Kommersant...

News

G7 Invites Oil Importers To Consider Price Cap On Russian Oil

The G7 leaders have agreed to study ways to put a cap on the price of Russian oil sold internationally and are seeking support...

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Russia Defaults On Foreign Debt For The First Time In 104 Years

Russia has just defaulted on foreign debt obligations for the first time in over a century. Putin’s invasion of Ukraine has sparked retaliation...

Opinion

Expensive Diesel and The Expansive Economic crisis

Diesel has become a local symbol of the global energy crisis and Nigeria's expansive economic woes. The astronomical rise in the price of diesel,...

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Europe Faces “Red Alert” For Gas Supply As Russia Reduces Flows

Russia’s Gazprom significantly reduced gas flows to European consumers this week. WoodMac: unless Europe takes additional supply and demand measures, its storage refill...

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Fuel Scarcity: Black Marketers Enjoy Field Day As IPMAN Insists On N180/Liter Or Nothing Else

While Nigerians that are just recuperating from the after-effect of the last fuel scarcity are groaning from the biting effect of the current fuel...

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Russia Overtakes Saudi Arabia As China’s Top Oil Supplier

Chinese imports of Russian crude surged by 55 percent in May as the world’s biggest importer of oil took advantage of major discounts. ...

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