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The mining and quarrying sector recorded a contribution of N5.37tn to the countries Gross Domestic Product (GDP) in 2021, according to the National Bureau of Statistics (NBS). This was according to the data obtained from the Gross Domestic Product for the year under review. The N5.37tn was a decline compared to the N5.82tn recorded in 2020. In this sector, there are four subsectors, which include crude petroleum and natural gas, coal mining, metal ores, and quarrying and other minerals. Continue reading Mining And Quarrying Sector Contributed N5.37tn To Nigeria’s GDP at BizWatchNigeria.Ng.

Denmark will significantly increase its defence budget and aim to become independent of Russian natural gas in response to Russia’s invasion of Ukraine, Danish Prime Minister Mette Frederiksen said on Sunday (6 March). The Nordic country will increase its defence…

US crude oil surged more than 8 per cent as the market continued to react to supply disruptions stemming from Russia’s ongoing invasion of Ukraine and the possibility of a ban on Russian oil and natural gas.

U.S. Secretary of State Antony Blinken said Sunday Washington and its allies are considering banning Russian oil and natural gas imports.

U.S. Secretary of State Antony Blinken says the United States and its allies are having a "very active discussion" about banning the import of Russian oil and natural gas in the latest escalation of their sanctions in retaliation for its invasion of Ukraine.

US Secretary of State Antony Blinken says the US and its allies are having a very active discussion about banning the import of Russian oil and natural gas in the latest escalation of their sanctions

What is Putin''s claim? The Russian president insists that there is no separate Ukrainian nation. "Ukrainians and Russians are one people," he declared last year in a 7,000-word diatribe to support his case. Yet Ukrainians have their own language, culture, and history — much of it a litany of Russian oppression. "There has been a strong impulse of Ukrainian nationalism for at least the last century," says historian David Patrikarakos, "[with] the Russians just slapping them down militarily." It''s true that both nations trace their roots back to the first East Slavic state, Kievan Rus, which stretched from the Baltic to the Black Sea and lasted from the 9th to the mid-13th century. That medieval empire was founded by Vikings — "Rus" is the Slavic word for red-haired Scandinavians — who swept down from the north, conquered and intermarried with the local Slavic tribes, and established their capital at Kyiv. Russians see the region surrounding Kyiv as the font of their culture and religion: Vladimir the Great converted it to Orthodox Christianity in 988, laying the foundation of the Russian church.

Russian state gas company Gazprom was shipping natural gas to Europe via Ukraine in the same volume of 109.5 million cubic meters per day as on Saturday, the Interfax news agency cited Gazprom as saying on Sunday. (Reporting by Reuters)

The ship was eventually diverted somewhere else.

Russia''s status as an energy superpower is headed toward collapse following the invasion of Ukraine, analysts say, as Europe accelerates alternatives to its oil and natural gas and Western companies end financial and technological support for projects.

British dock workers have refused to offload two Russian tankers carrying Russian natural gas in protest of Russia’s invasion of Ukraine, The Guardian reported. Dock workers at the Isle of Grain liquefied natural gas terminal in southeast England are insisting that they will not unload cargo from Russia. The LNG tanker Boris Vilkitsky was reportedly […]

Bloomberg''s gauge of raw materials was set for its biggest weekly gain since at least 1960 as sanctions on Russia scared off buyers. Coal racked up an unprecedented 80% rally, European natural gas broke price records and oil futures swung in the widest range in three decades.

The post Weekly Natural Gas Prices Slide as Weather Demand Wanes; Futures Rally Amid War in Ukraine appeared first on Natural Gas Intelligence

Despite a midweek burst fueled in part by war uncertainty, weekly natural gas cash prices gave up ground amid mild late-week temperatures and expectations