Oil and Gas

UK lifts ban on fracking for shale gas
UK lifted ban on fracking, a controversial method to dig for fossil fuels, in order to boost oil and gas output.
Published On 22 Sep 2022
Maritime gas dispute risks conflict between Lebanon and Israel
Hezbollah leader calls the Israeli plan to extract gas at the disputed maritime border a ‘red line’.
Published On 20 Sep 2022
Germany seizes Russian oil firm Rosneft’s refineries
Rosneft’s German subsidiaries are placed under trusteeship ‘to counter the threat to the security of energy supply’.
Published On 16 Sep 2022
Kenya’s new president scraps petrol subsidy
President Ruto says subsidies have been costly and prone to abuse, including causing artificial shortages of products.
Published On 15 Sep 2022

Haitian government’s decision to raise fuel costs adds to ongoing anger over gang violence, soaring inflation.

European countries are looking for ways to rein in soaring energy prices.

Vladimir Putin threatens to let Europe ‘freeze’ by cutting energy supplies if price caps are imposed.

Nigeria slipped behind Angola as Africa’s largest exporter in July, according to OPEC figures.

Industry insiders say six decades of oil exploration have made the Niger Delta one of the most polluted places on earth.

Russian President Vladimir Putin threatens to cut off all energy supplies if Brussels were to impose a cap.

The Kremlin says Western sanctions caused the decision to stop gas flows down the Nord Stream pipeline.

The cartel said it will cut crude output by 100,000 barrels per day to boost prices.

The euro slides to $0.9876 after Russia scraps a Saturday deadline for flows from the Nord Stream pipeline to resume.

Such a move would be unprecedented and one some analysts say could backfire.

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