Tag: Oil

Zimbabwe is poised to begin drilling oil next month following the arrival of the first batch of drilling equipment in ...

Economist Dr Iraj Abedian says the poor and pensioners are among the hardest hit by the high inflation rate and ...

Nigeria's Supreme Court has upheld a lower court ruling that stopped Shell Plc from selling its assets in Nigeria until ...

Sri Lanka may be compelled to buy more oil from Russia as the nation faces shortages amid an unprecedented economic ...

A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has ...

Saudi Arabia is on track to lift oil production capacity by more than 1 million barrels per day to over ...

Japan will take time to phase out Russian oil imports after agreeing on a ban with other Group of Seven (G7) nations ...

The price of oil has fallen for a second straight week, amid plans for a massive emergency oil reserve release.

The petrol price has increased but thanks to the government's decision to cut the fuel levy, motorists will not deal ...

The government says the price of both petrol and diesel increase would have been close to between R2 and R3 ...

Oil futures were set to open for Asian trade on Sunday after both Brent and US crude benchmarks posted their ...

India revised up the price of petroleum and diesel on Saturday, already the fourth time in five days as a ...

Minister of Mineral Resources and Energy Gwede Mantashe says government is looking at the pros and cons of the exploration ...

Economist Kulani Siweya says a number of sectors would welcome a possible move by the government to suspend fuel levies ...

A Chief Economist at Investec, Annabel Bishop, says while South Africa may stand to gain from higher commodity prices through ...

Oil and other commodities prices soared while shares sank in frantic trading on Monday as the risk of the US ...

Brent crude soared near $130 a barrel on Monday, its highest since 2008, as the United States and European allies ...

Libya plans to keep oil output at 1.2 million barrels per day (BPD) in 2022, Mustafa Sanalla, the chairperson of ...

Several African countries plan to exploit their oil and gas reserves to tackle poverty and energy shortages, representatives gathered in ...

Major economies will produce more than double the amount of coal, oil and gas in 2030 than is consistent with ...