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The German government, working to reduce the country''s dependence on Russian oil and gas, discussed energy supplies with Qatar, the federal chancellery''s state secretary said on Saturday.

The US seizure of Iranian tankers in recent months has not stopped sanctions-hit Tehran from increasing oil exports, Iran’s oil minister was quoted as saying on Saturday. “The United States has on several occasions in the past months violated Iranian oil tankers to prevent export of shipments,” Javad Owji said in an interview carried by Iranian media. “When the enemy realised it could not stop our exports and contracts, they went after our ships,” Owji said. His remarks follow reports of a recent seizure of an Iranian oil tanker in the Bahamas, even as indirect Iran-US talks in Vienna to revive a 2015 nuclear deal could see the lifting of US sanctions in return for Tehran curbing its nuclear work. Iran’s leader says Ukraine is ‘victim’ of US policy A last-minute demand by Russia, a close ally of Iran, has forced world powers meeting in the Austrian capital to pause for an undetermined time, despite having a largely completed text. On March 5, Russia unexpectedly demanded sweeping guarantees its trade with Iran would not be affected by sanctions imposed on Moscow over its invasion of Ukraine - a demand Western powers say is unacceptable and Washington has said it won’t accept. “Iran’s oil exports have risen under the toughest sanctions and without waiting for the outcome of the Vienna talks,” said Owji.

P/HARCOURT – Rivers State Governor, Nyesom Wike has donated 14 ballistic gunboats to the Nige­rian Navy, Army, Police and Nigeria Security and Civil De­fence Corps, at NNS Pathfinder, Naval Base, Rumuolumeni in Obio/Akpor Local Govern­ment Area to increase the fight against illegal bunkering in the state. The governor said the seem­ing frustration in the fight […]

The U.S. is begging for oil after banning Russian oil. Begging adversaries, not allies. Due to failed policies by President Biden and his administration, America his left begging for oil from communist, dictator lead countries -- Iran, Venezuela and Saudi Arabia.

Pressure is being brought on the UK government''s energy secretary to introduce a price cap on domestic heating oil. Politicians demand price cap on domestic heating oil

Insulating homes and investing in wind and solar are the only solutions to the energy crisis. But Johnson is busy pandering to climate deniers No 10 must not cave in to Tory climate sceptics on fracking, says Ed Miliband At this perilous moment, we are faced with three interlocking energy crises. An energy security crisis, with the invasion of Ukraine demonstrating to Europe that it must wean itself off Russian gas and oil, and quickly. A price crisis of soaring, sky-high bills. And the climate crisis, which the UN warned just last month is even more advanced and dangerous than we thought. Some will say we cannot confront all three together. There are voices on the right of politics already growing louder, saying it’s necessary to sacrifice or slow down our climate ambitions so we can lock in energy security. Ed Miliband is the Labour MP for Doncaster North and is the shadow business, energy and industry secretary Continue reading…

Russia''s economy faces its deepest crisis since the 1991 collapse of the Soviet Union, as the West imposes severe sanctions over Moscow''s invasion of Ukraine.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by $1.92 on Mar. 11 compared to the previous price, settling at $116.64 per barrel, Trend reports referring to the source from the country''s oil and gas market.

A lot of money can be made by moving crude from the country, but the invasion of Ukraine has raised fears of tankers getting stuck at ports

The price of a barrel of Azerbaijan''s Azeri LT CIF oil in the world market has decreased by $1.912 or 1.6% to $116.64 per barrel, Report informs.

Mohsen Khojasteh Mehr, head of the National Iranian Oil Company (NIOC), has said that his country is ready to supply the required oil for the world market and stabilise prices.

Domestic market began the week in a bearish mood, but appeared to be regaining lost ground as tensions between Russia-Ukraine began to de-escalate. While the worst may seem to be over, a prolonged rise in inflation could be lurking around the corner as multiple sanctions placed on Russia have sparked an unbridled rally in commodity prices. India, though is better equipped, is certainly not immune to these events. According to third-quarter GDP statistics, Indian industry grew at a tepid rate, mainly attributed to sluggish domestic demand. Slower government investment and weak rural demand hampered growth, with agriculture being a key dragger as it recorded the lowest growth over the previous 11 quarters. In fact, as a huge portion of our population is battling with stagnating or decreasing incomes and rising living costs, the present visible private demand is emanating from the top of the pyramid. This, coupled with sustained high inflation, may indicate the evolution of a stagflationary situation where the economic growth momentum slows.If the un-abating rise in commodity prices were to go on, it would force the companies across sectors to pass on some hikes to the end consumer in order to protect their margins.

President Biden continues pandering to dictators in search of oil imports to hold fast to his promise to pro-climate movement not to speculate for energy at home, Sean Hannity said Friday in his opening monologue.

Oil prices may have exhausted this week with WTI marking the largest weekly loss since November. The technical trade levels that matter on the Crude weekly chart.

Organisation of Petroleum Exporting Countries (OPEC) has warned that the continuous push against hydrocarbon may threaten the future of crude oil and gas reserves in Africa. The post Africa’s 125b oil reserves at risk – OPEC appeared first on The Guardian Nigeria News - Nigeria and World News .