News / International

Nigeria Runs Down Oil Savings Account to Pay Debt

Nigeria’s government plans to run down its oil savings to offset revenue shortfalls and pay debt, such as salaries for state workers.

Iran Gasoline Plans Held Back by Rising Local Demand

Iran’s gasoline consumption rose in the first quarter of this year which began on March 21 despite the country’s cancellation of subsidized fuel to motorists

Financial Fine Tuning Called for to Ride Out Oil Price Waves

With oil prices slowly recovering from the dramatic fall last summer, chief financial officers (CFOs) working in the sector can galvanise the finance function in the fight to future-proof their business

Bahrani Company to Repair British Fleet in Gulf

Bahrain-based Arab Shipbuilding and Repair Yard (Asry) has signed a long-term collaborative enabling agreement with Babcock

Saudi Price Measures Target Asian Markets, Only

Saudi Arabia has cut the official selling price (OSP) for its benchmark Arab Light crude to Asia in August, as expected, while raising the price to European customers.

Post-Sanction Iran May Push Russian Oil Out of the Way

In Iran’s push for a nuclear deal, it’s had few better allies than Moscow

South Africa’s Solar Kits Surge

A motorbike accident two years ago in the Cape Town suburb of Milnerton left Pascal Kassongo with a leg fracture, multiple cuts and a written-off bike, crippling his courier business.

Shoreline Plans $2 Billion Bond to Buy Africa Energy Assets

Shoreline Group, a Nigerian company with interests from oil production to rope-making across six African countries, plans to sell $2 billion in debt to buy crude and gas assets on the continent, which may include purchases in Equatorial Guinea and Tanzania.

Canadian Govt Report Warns Its Not Prepared for Arctic Oil Spill

An internal report warns the federal government isn’t fully prepared to respond in the event of an oil spill in the Arctic or in deep water offshore.

Iran’s Potential Return Would Be Bad News for Russian Oil

In Iran’s push for a nuclear deal, it’s had few better allies than Moscow. But if an agreement is reached this week, President Vladimir Putin’s regime will have at least one reason to reflect on its support.

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