The Hormuz in Abuja: Nigeria’s Ironic Petro-paralysis Amidst a Windfall
By Dozie Arinze When an oil shock, a Trillion-dollar ambition, a credibility deficit at OPEC, a power crisis,…
China discovers 225 large, medium-sized crude oil, natural gas fields from 2021 to 2025: Ministry of Natural Resources
China’s largest shale oil production base, the Changqing Oilfield, located in Northwest China’s Gansu Province. Photo: Screenshot from…
Heads up: Germany states’ CPI readings due later today
After the jump in headline inflation in March, we are to see that continue in April. Surging energy…
UK exports to Middle East tumble as Iran war hits economy – business live | Business
Introduction: UK exports to Middle East drop 20 % since war began Good morning, and welcome to our…
NNPC Raises Crude Prices as Middle East Tensions Push Global Oil Market Higher
Kate Roland The Nigerian National Petroleum Company Limited (NNPC Ltd.) has increased the official selling prices of all…
China doubles May fuel exports but volumes stay well below pre-war levels
China has approved 500,000 metric tons of refined fuel exports for May, nearly double April’s quota but still…
What is pushing power prices up? The electricity regulator wants to know
Gentailers have raised prices 8% for two years running while banking sky-high profits. Now the Electricity Authority is…
Thailand emerges as a new Asian hub for global wealth and luxury
Wealth migration drives a new round of luxury housing demand One key megatrend highlighted by the report is…
Ray Dalio warns of stagflation as Fed political pressure grows
American households are already feeling the squeeze of a slower, pricier economy, a situation some observers warn could…
Does the ‘going global’ of Chinese companies pose an ‘industrial threat’ to locals?: Global Times editorial
A cargo ship sails near Qingdao Port in East China’s Shandong Province. Photo: VCG Editor’s Note: Currently,…
USA Oil, Gas Workforce Shrinks in 7 of Last 10 Years
The number of employees in the oil and gas extraction industry has dropped in seven of the last…
British airline crashes into liquidation with 161 jobs affected as fuel prices surge
UK carrier Ascend Airways has entered liquidation after just three years of operations. The firm’s management cited soaring…