Latest in Tag: Oil Highlight

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Latest in Tag: Oil


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Niger Delta crisis escalates

Nigeria’s oil-dependent economy is under siege from militants who are targeting oil and gas installations in the Niger Delta. President Muhammadu Buhari is to make his first visit to the region this week.

Deutsche Welle

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Five year plan for oil sector revealed

During the previous fiscal year (FY) 2014/2015, the oil and gas demand increased by 0.5m tonnes to a total of 73m tonnes. The share of demanded oil was 38m tonnes, of which 36% was fuel oil, 36% was gas oil, 16% gasoline, and 11% LPG

Mohamed Adel

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Oil prices hit fresh lows, dragging markets along

A barrel of the black stuff, which consistently traded above $100 between 2011 and 2013, now costs around $35, as OPEC continues to pump out the oil. Reasons include a bid to halt rival industries like shale “fracking.” Oil prices sank to the lowest level in seven years on Monday, hammering stocks and raising concern …

Deutsche Welle

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OPEC to decide on oil export policy

The world’s net oil exporters aren’t expected to announce a production cut at their meeting in Vienna, despite a report yesterday that Saudi Arabia would propose one. But surprises can’t be ruled out either. Oil ministers from Angola and Iran have said they don’t expect the Organization of the Petroleum Exporting Countries (OPEC) to adjust …

Deutsche Welle

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Rockefeller Fund: ‘The oil age is coming to an end’

Stephen Heintz, president of the Rockefeller Brothers Fund, explains to DW how it makes perfect sense that a fund which got rich on oil is now divesting from fossil fuels. With its announcement to pull out of oil and coal, the Rockefeller Brothers Fund shifted nearly a billion dollars of capital out of fossil fuels …

Deutsche Welle