low oil prices
Oil, Gas Key To World Energy For ‘decades To Come’
Oil and gas will remain central to the world's supply of energy for decades to come, despite a surge of interest in...
Kenya Delays Early Oil Export By Three Months
Kenya has delayed plans to export its first oil in June by three months to better negotiate revenue sharing with the...
Oil Revenue Not Understated — GNPC
The Ghana National Petroleum Company (GNPC) has denied allegations made by the Public Interest and Accountability...
Oil Production Drops By 5.11 Million Barrels
Oil production dipped by some 13.7percent in 2016, from 37.41million barrels in 2015 to 32.30 million barrels, in spite...
IMF: Benin Economy Holds A Lot of Promise
The economy grew by 4 percent in real terms in 2016, overcoming the low-growth environment that resulted from negative...
Journey To Statehood Still Long For Iraq Kurds
Many Iraqi Kurds hailed last week's announcement of a September referendum on independence as historic, but major...
Iraqi Kurds To Hold Independence Referendum On Sept 25
Iraq's autonomous Kurdish region will hold a referendum on statehood in September, its presidency said Wednesday,...
Putin Hosts Modi At Russia’s Economic Showcase
Russian President Vladimir Putin hosts Indian premier Narendra Modi on Thursday on the sidelines of the Kremlin's...
Nigeria Passes Budget After Five-Month Delay
The senate tweeted confirmation that the government spending plans had been passed Nigerian lawmakers have approved the...
GNPC and Lloyd’s Register In New Joint Venture
Lloyd’s Register, a leading global provider of engineering and technology-centric professional services, has signed...
IMF Urges Nigeria To Lift FX Restrictions, Dump Multiple Exchange Rates
The International Monetary Fund called on Nigeria on Thursday to lift its remaining foreign exchange restrictions and...
Global Arms Trade Highest Since Cold War
Worldwide arms trade has risen to its highest level since the Cold War in the last five years, driven by a demand from...
Kuwait MPs Fight Back Against Govt Price Rise Plans
A parliamentary panel in Kuwait on Sunday approved draft legislation calling for the scrapping of government plans to...
Global Growth Edges Up To 2.7 % Despite Weak Investment
Global economic growth is forecast to accelerate moderately to 2.7 percent in 2017 after a post-crisis low last year as...
Sub-Saharan Africa’s Growth To Pick At 2.9% In 2017
Sub-Saharan African growth is expected to pick up modestly to 2.9 percent in 2017 as the region continues to adjust to...
Currencies Crushed In 2016
2016 has been a roller coaster of a year, and currency markets are no exception. A few countries have fared well, but...
Oil Sector Experiences Shock
The decline in crude oil prices on the world market has gravely affected the country’s oil sector, which is likely to...
Russia’s Putin Fires Economy Minister Over Bribery Charges
Putin was informed about the case when the investigation was first launched against Ulyukayev. Russian President...
Petrobras Racks Up Massive Losses Due To Write-Offs
Brazil's state oil giant Petrobras has reported a massive loss for the third quarter of its financial year. Analysts...