Oil firm, stocks wobbly after short-lived Russian mutiny

Oil was slightly higher on Monday as an abortive weekend mutiny by Russian mercenaries raised
Angolan oil firm Sonangol to keep stakes in Galp

Angolan state oil company Sonangol will keep its stakes in Portugal’s Galp Energia and Millennium
Angolan oil firm Sonangol to keep stakes in Galp

Angolan state oil company Sonangol will keep its stakes in Portugal’s Galp Energia and Millennium
Oil prices climb after Russian crude sanctions kick in

Oil rebounded on Tuesday after plunging by more than 3% in the previous session, as the
EU split on Russian oil price cap level, talks to resume Thursday

European Union governments failed to reach a deal on Wednesday at what level to cap prices for
Oil prices slide as supply fears recede

Oil dropped by more than $2 a barrel on Friday, on track for a second weekly decline, due to concern
Asia shares mixed while oil falls on China COVID outlook

Asian share markets were mixed on Tuesday and oil was weaker as investors sought to digest the
Oil prices slide as hopes for China demand rebound fade

Oil prices fell more than $1 a barrel on Monday after Chinese officials on the weekend reiterated
G7 coalition has agreed to set fixed price for Russian oil – Source

The Group of Seven rich nations and Australia have agreed to set a fixed price when they finalize a
Pound plunge the latest ill omen as market stress rises

Sterling slumped to a record low on Monday, and a renewed selloff in British gilts pushed euro zone
Prices mostly fall as market seeks clarity on EU intervention

Dutch and British wholesale gas prices continued to fall on Tuesday morning as participants await
Zimbabwe poised to begin oil drilling in August

Zimbabwe is poised to begin drilling oil next month following the arrival of the first batch of
Poor, pensioners among hardest hit by inflation: Economist

Economist Dr Iraj Abedian says the poor and pensioners are among the hardest hit by the high
Nigeria’s Supreme Court upholds freeze on Shell’s asset sale

Nigeria’s Supreme Court has upheld a lower court ruling that stopped Shell Plc from selling its
Sri Lanka is open to buying Russian oil, PM tells AP

Sri Lanka may be compelled to buy more oil from Russia as the nation faces shortages amid an
Shortage of oil refineries haunts Africa as fuel prices rocket

A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of
Saudi Arabia set for oil output capacity above 13 million bpd by 2027

Saudi Arabia is on track to lift oil production capacity by more than 1 million barrels per day to
Japan to take time phasing out Russian oil imports: PM Kishida

Japan will take time to phase out Russian oil imports after agreeing on a ban with other Group of
Oil price falls for a second straight week

The price of oil has fallen for a second straight week, amid plans for a massive emergency oil
South Africans pay more for fuel

The petrol price has increased but thanks to the government’s decision to cut the fuel levy,