Oil rises after Ukrainian attack on Russian depot.
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...
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Oil Production: NUPRC To Begin 2025 Licensing Round From December 1.
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...
Oil Climbs for a second day on risk-on tone in wider markets
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 Republi...
Abu Dhabi hosts oil summit as OPEC+ halts production hikes planned for first quarter of 2026.
ABU DHABI, United Arab Emirates (AP) — Abu Dhabi hosted a major oil summit Monday, hours after the OPEC+ group of the cartel and its allies said it would halt further p...
Oil set for third monthly decline as strong dollar weighs
Singapore — Oil prices eased on Friday, heading for a third consecutive monthly decline, as a stronger dollar and weak China data capped gains while rising supply from...
Uganda Moves Into Implementation Stage of Standard Gauge Railway Project
The long-awaited Standard Gauge Railway (SGR) project is officially moving from the planning phase into full implementation, the Ministry of Works and Transport announced...
Uganda Secures Financing for Standard Gauge Railway Project
Uganda’s Standard Gauge Railway (SGR) project has officially moved into the implementation stage, underpinned by a robust financing structure designed to ensure timely...
Govt community roads initiative boosts market access for oilseed farmers in 81 districts
Government has embarked on a major infrastructure drive to boost agricultural productivity and rural connectivity through the rehabilitation and construction of Community...
Govt job renewals will be based on project performance, Ggoobi tells accounting officers
The Ministry of Finance has warned accounting officers to ensure that projects under their ministries, departments, and agencies are executed within set timelines, failur...
Government loans worth Shs13 trillion remain unutilised
The stock of unused external debt rose by $500m (Shs1.8 trillion) due to sluggishness in implementation of government projects, according to the Ministry of Finance Debt...