Drone attack in export hub Novorossiysk fuels supply worriesBeijing/Singapore — Oil prices jumped about 2% on Friday on supply fears after a Ukrainian drone attack hit an oil depot in the Russian Black Sea port of Novorossiysk, a major export hub.Brent crude futures rose $1.24, or
President Yoweri Kaguta Museveni has warned that continued resistance by coastal East African states to Uganda’s desire for unhindered access to the Indian Ocean could lead to conflict.Speaking on Sunday, Museveni expressed frustration with what he called the “selfish mindset” of som
The decision to flag up the licensing rounds is in line with President Bola Tinubu’s plan to grow Nigeria to a $1 trillion economy.A graphic illustration of barrels of crude oilThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced its intention to commence th
South Sudan’s President Salva Kiir has dismissed the undersecretary at the Ministry of Petroleum just a week after appointing him, in the latest shake-up in the country’s sensitive oil sector.The undersecretary is the highest-ranking official managing the ministry since Petroleum Minis
The President expressed frustration over what he termed the “selfish mindset” of some coastal nations, saying that oceans and ports should serve the entire continent.Mbale, Uganda: President Yoweri Kaguta Museveni has warned that Uganda and other landlocked African countries could face
Prices are being lifted as the US Senate takes a major step toward reopening the government.Oil pumping jacks at an oilfield near Sokolovka village, in the Udmurt Republic, Russia. Image: BloombergOil rose as wider markets were lifted by a push to end the US government shutdown, wit
Reaffirming its commitment to the Global South, India has dispatched a consignment of ...India sends 2.7 tonnes of life-saving vaccines vaccines to Venezuela as part of Global South commitment | India sends 2.7 tonnes of life-saving vaccines vaccines to Venezuela as part of Global South co
Reaffirming its commitment to the Global South, India has dispatched a consignment of ...India sends 2.7 tonnes of life-saving vaccines vaccines to Venezuela as part of Global South commitment | India sends 2.7 tonnes of life-saving vaccines vaccines to Venezuela as part of Global South co
China remains our “most irreplaceable customer,” said Jim Sutter, chief executive officer of the U.S. Soybean Export Council (USSEC).“We have been in China since 1982. Over the past 43 years, we’ve invested in relationship-building, training and cooperation with the Chinese industr
The East African Crude Oil Pipeline (EACOP) Ltd, the company leading the development of Uganda’s crude oil export pipeline, in partnership with Hoima City, has commenced the construction of the Nyamasoga – Katooke Road under its Socio-Economic Investment (SEI) programme.This initiative
