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US President Joe Biden''s administration on Friday restored sanctions waivers to Iran to allow international nuclear cooperation projects

Oil prices fell on Monday on expectations the U.S.-Iran talks may be nearing a conclusion on reviving a deal restricting the OPEC country''s nuclear weapons development, which would raise crude supply, though global supply concerns capped losses.

The N3 trillion Africas largest oil-producing country has committed to subsidising petrol in 2022 is no longer news, but what is more alarming is the opportunity cost forgone in a slow-growing economy that could use more investments. The situation concerning the opaque petrol subsidy is having such a negative impact on the Nigerian economy, that []

Mumbai: Rising crude oil prices along with foreign fund outflows are likely to weaken the Indian rupee against the US dollar in the near term. Besides, the Reserve Bank of Indias upcoming monetary policy review will also have a bearing on the rupees movement. Lately, the global commodity prices have firmed up sharply in January Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .

ELECTION candidates will hit the hustings Tuesday for the official start of campaigning, with the son and namesake of former dictator Ferdinand Marcos leading the presidential race. Political scions, celebrities and ex-convicts are among the contenders vying for more than 18,000 posts in the May 9 polls, with most interest in the contest to succeed President Rodrigo Duterte. More than 35 years after the Philippines emerged from his father''s dictatorship, voter surveys show Ferdinand Marcos Jr. heading towards a landslide victory as a massive social media campaign cranks up support and, critics say, whitewashes the clan''s history. Boosted by a formidable alliance with first daughter and vice presidential candidate Davao City Mayor Sara Duterte-Carpio, Marcos has vowed "to unify the country and give our fellowmen the future that they deserve." Efforts to disqualify Marcos over a decades-old tax conviction sparked a public spat between election officials, while allegations of cocaine snorting and corruption among presidential candidates have fueled a political atmosphere of chaos and skullduggery.

The court had, in June 2022, ordered Mobil and NNPC to pay the Akwa Ibom oil communities cumulative damages of N81.9 billion over oil spillage that ruined their economic lives. The post Oil Spillage: Akwa Ibom communities move to enforce N82 billion judgement debt against two oil giants appeared first on Premium Times Nigeria .

Rising global oil prices a matter of concern, says Sitharaman at post-Budget interaction with industry

The rise in imported coal prices and volatile crude oil added cost pressure

(Bloomberg) -- Oil prices, already up around 20% this year, could be boosted by China potentially replenishing its inventories and financial investors increasing their long positions, according to Vitol Group.

Iran will become a gasoline and gas oil importer in the next two or three years due to strong domestic consumption, oil minister Javad Owji said, the oil ministry''s news service Shana reported on Feb 6. Domestic refinery capacity is set to increase by around 200,000 b/d within two or three years, he said. "We have signed contracts for an

President Muhammadu Buhari had on Jan. 25 approved 18-month suspension of the removal of fuel subsidy, following consultations with stakeholders in line with the current economic realities in the country. The removal of subsidy on Premium Motor Spirit (PMS), otherwise known as petrol, was earlier scheduled to take effect from July 2022. According to Chief []

President Muhammadu Buhari had on Jan. 25 approved 18-month suspension of the removal of fuel subsidy, following consultations with stakeholders in line with the current economic realities in the country. The post Analysing the retaining, removal of Nigerias oil subsidy appeared first on The Guardian Nigeria News - Nigeria and World News .

Global oil stocks are at "worrisome" levels as waning OPEC+ spare capacity is expected to reach an alarming degree by next year amid higher crude demand outstripping supply, the head of Vitol Asia said on Feb. 6. "Demand is currently making the headlines and supply is the problem," Mike Muller told the Gulf Intelligence daily energy markets podcast. "Inventories continue

Demand for oil is likely to be higher and supply lower than forecasts suggest.

The Civil Society Group for Good Governance (CSGGG), yesterday, in Abuja, raised concerns over the payment of N3t subsidy on petrol, as well as the sorry state of the nations refineries. The post Group raises concerns over N3t subsidy, rehabilitation of refineries appeared first on The Guardian Nigeria News - Nigeria and World News .