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The Federal Government says it has succeeded in removing subsidy on electricity tariff. Minister of Finance, Budget and National Planning, Zainab Ahmed, said this at a meeting of African Finance Ministers and the International Monetary Fund. According to the minister, the government is also working toward getting rid of the petrol subsidy. “We are cleaning up … The post FG confirms removal of subsidy on electricity appeared first on Okay.ng .

As part of the celebrations of the “Azadi Ka Amrit Mahotsav” inititative, the directorate general of mines safety in collaboration with Oil India Limited (OIL) and Oil & Natural Gas Corporation (ONGC), a workshop was held on “Occupational Health and Safety in Oil and Gas Mines” at the OIL

The historic surge in oil is reshaping the outlook for Asian equity and currency markets, as the specter of prolonged high prices exposes the vulnerability of energy-dependent countries.

Would Europe cutting off Russian oil and gas imports be enough to convince Putin to stop the war on Ukraine? According to Dr Chi Kong Chyong from the Energy Policy Research Group at Cambridge Judge Business School, the global nature of energy markets means that stopping the flow of Russian oil and gas into Europe may not be the ‘hammer blow’ that Western countries are looking for. Russia’s invasion of Ukraine marks the darkest hours for Europe since the Second World War. Ukraine is fighting to preserve not only its territorial integrity, but its very right to exist as an independent, democratic country in the heart of Europe. For Putin to fund his war, he relies on the revenue generated by Russian oil and gas exports to Europe. In a best-case scenario, Europe would wind down its commercial gas relationship with Russia in the coming years. But a ban on the import of Russian oil and gas is also a possibility, which would lead to an abrupt breakdown of the gas trade. Such a breakdown would be painful for consumers, as Europe relies on Russia for at least 40% of its gas imports.

Ron Paul: Is Putin the New Coronavirus? Authored by Ron Paul via The Ron Paul Institute, President Biden’s “maskless” State of the Union signifies the near-end of the COVID tyranny we have lived under for the past two years. Fortunately for Congress, the President, and the Federal Reserve, the Ukraine-Russia conflict is replacing COVID as a ready-made excuse for their failures and a justification for expanding their power. Even before politicians began declaring the end of the pandemic, polls showed that rising prices were the people’s top concern - particularly the increase in gas prices. Since Russia is one of the world’s leading energy producers, sanctions imposed on Russia, as well as Germany’s decision (made under pressure from the US) to shut down the Nord Stream 2 pipeline, provide a convenient excuse for rising gas prices. This is the case even though the US, citing the “instability” in world energy markets created by the Russian-Ukraine conflict, has yet to officially ban imports of Russian oil.

eight_col_petrol_4.jpg Petrol prices have surged past $3 a litre in many places. Photo: RNZ As fears mount petrol will soon reach $4 a litre, the Act Party has released a policy they say will return a carbon dividend of $749 to the average Kiwi family that one economist has praised, saying "it could go further".

Saudi Arabia''s state-run Saudi Press Agency reported Saturday that the kingdom had carried out a mass execution of 81 people, The Hill reports . According to The Hill and NPR , those executed — a group comprising 73 Saudis, seven Yemenis, and one Syrian — had been convicted of terrorism, murder, kidnapping, torture, rape, and weapons smuggling. Some were reportedly associated with al-Qaeda, the Islamic State, and Yemen''s Iranian-backed Houthi rebels. It was the largest known mass execution in the country''s modern history. NPR notes that while Saudi state media did not specify how the prisoners were executed, "death-row inmates" in Saudi Arabia "typically are beheaded" publicly. Reuters reports that since 2013, some Saudi executions have been carried out by firing squad. Between 2015 and 2019, the kingdom averaged over 150 executions per year. In the same time period, the United States — which has almost ten times the population of Saudi Arabia — averaged less than 25 per year. The kingdom carried out 27 executions in 2020, with the large drop-off due mostly to a moratorium on death sentences for drug crimes, and 67 in 2021, according to ABC News and the European Saudi Organization for Human Rights .

Iran oil minister said on Sunday that US seizure of Iranian tankers in recent months hasn''t stopped the sanctions-hit country from increasing oil e

Iran said on Saturday that US attempts to seize its tankers and oil cargo had failed to stop exports that are subject to sanctions imposed by its arch foe.

The West is scrambling to slash its energy ties with Russia as it persists with its brutal invasion of Ukraine. The UK has now committed to phasing out oil imports by the end of the year. And the EU’s plot to slash Putin’s oil and gas was detailed in its new energy strategy was published […] Energy crisis: PM handed ‘cake and eat it’ plan to CUT Russian ties and slash home bills

Amid Russia’s invasion of Ukraine, debate over Canadian pipelines does not need to be an either/or decision about the oil and gas sector and divestment from it

One place is reported to be selling at 183.9p per litre

DAY US President sees positive in soaring oil prices. According to him, it should accelerate the transition to electric vehicles… but Joe Biden is forgetting one thing, and it is crucial! The price of electric cars may also rise sharply. This week alone, analysts at Morgan Stanley bank estimate that their manufacturing cost has increased […] The post The price of electric cars will explode first appeared on The Bobr Times .

Oil and war have been inextricably linked for decades, and Ukraine is no exception. And as the west seeks to put ever greater economic pressure on Vladimir Putin, the US announced a ban on importing Russian oil. The UK government said it too would aim for a similar stance. And while the EU may also […] The post Russia still has Europe over an oil barrel appeared first on Asia Times .

Ukrainian President Volodymyr Zelenksyy pleaded with Congress last weekend that if the US was unwilling to impose a no-fly zone, it should at least send the planes and other air support