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Medical experts warned against overreaction as many countries halted air travel from southern African countries while oil prices and shares plunged.

Mutation news This has not halted the steady risk off tones which are now continuing. Oil at fresh lows, Dow at fresh lows, VIX pushing higher. By Giles Coghlan

Global stocks and oil prices tumbled early Friday after South Africa found a fast-spreading coronavirus variant and the European Union proposed suspending air travel from southern Africa.

The price of crude recorded its steepest daily decline since July on Friday as reports of the new heavily-mutated coronavirus strain raised concerns of fresh travel restrictions that could cripple fuel demand. International benchmark Brent plunged more than 5%, to $77.76 a barrel by 09:55 GMT. US West Texas Intermediate (WTI) crude was down 6.6%, at $73.19 a barrel, after hitting a two-month low

Stocks and Oil Prices Drop COVID-19 Influence Stocks and oil prices fell on Friday. Concerns from global investors about the new version of COVID-19 have grown even more. This forced the U.K. to impose strict travel restrictions on specific countries. Topix led the sharp sell-off in shares, which fell 2.4 percent on Friday. This [] The post Stocks and Oil Prices Drop COVID-19 Influence appeared first on FinanceBrokerage .

Santa Barbara wellhead owner Aiteo, the petroleum minister and Nigerias president all promised specialist workers would quickly stop the spill

Dow futures plunged and oil fell 5% on Friday as the emergence of a new Covid-19 variant rattled global markets.

It''s looking really ugly out there Yowza. Talk about Black Friday. What a bloodbath. The declines are rather widespread with oil and gas, banking, and more pertinently travel and leisure stocks being the hardest hit amid growing fears of the new COVID-19 variant. By Justin Low

Oil down by nearly 6% and briefly clips below $74 US president Biden may get his wish of lower oil prices but it isn''t exactly how one might expect it to come about in trading this week. By Justin Low

Sukuk issuances remain buoyant across the Middle East, in an increasingly active market, as Gulf Cooperation Council economies re-emerge from the COVID related slowdown and a period of lower oil prices.

Business & Maritime W/Africa Perspective Nigeria is a curious country that knows how to waste resources whether human, natural or material resources. This has been evident in the oil, maritime, solid minerals, agriculture sectors etc. In the The post Rotting Ships in EFCC Custody: Metaphor of a Wasteful Nation appeared first on businessandmaritimewestafrica .

OPEC+ meeting is on Thursday Joe Biden may get the lower gas prices he wanted after all, but not for the reason he hoped for. There''s been a sudden shift in market sentiment today on worries about the new covid variant in South Africa. I wrote about and it''s not a great picture. At the same time, it''s very, very early. By Adam Button

The Philippines reserves of top-class fossil fuel were valued at a total of P378.25 billion in 2020, decreasing for the second year in a row and was the lowest in 13 years, data from the Philippine Statistics Authority (PSA) show. The numbers cover Class A coal as well as petroleum in the form of oil, [] The post Value of PH fossil fuel reserves plunged in 2020 appeared first on Inquirer Business .

Tribune Online AIPCC energy targets local refining of 50,000bpd by 2024 Nigeria’s quest for self-sufficiency in the refining of petroleum products, especially Premium Motor Spirit (PMS), is bearing fruit as AIPCC Energy is putting infrastructure in place to refine 50,000 barrels per day (bpd) of crude oil by 2024. The Chairman, AIPCC Energy Limited, Mr Micheal Akemere Osime, made this known, on Thursday, in Abuja, when […] AIPCC energy targets local refining of 50,000bpd by 2024 Tribune Online