Connect with us

     

BREAKING NEWS

Oil prices surge after attack on Saudi facilities

Published

on

Oil prices surge after attack on Saudi facilities

Oil prices surged on Monday after two attacks on Saudi Arabian facilities on Saturday knocked out more than 5% of global supply.

Brent crude jumped 10% to $66.28 a barrel, while West Texas Intermediate rose 8.9% to $59.75 in Asian trading.

Prices pulled back slightly after US President Donald Trump authorised the release of US reserves.

The strike, which the US blames on Iran, has sparked fears of increased risk to energy supplies in the region.

The drone attacks on plants in the heartland of Saudi Arabia’s oil industry included hitting the world’s biggest petroleum-processing facility.

It could take weeks before the facilities are fully back on line. State oil giant Saudi Aramco said the attacks cut output by 5.7 million barrels per day.

Jeffrey Halley, senior market analyst at Oanda said the price spike across oil markets was a reaction to the “political and geopolitical implications” of the attacks.

“The bigger issue is just how secure is Saudi’s infrastructure from attacks?,” Mr Halley said.

US Secretary of State Mike Pompeo said Tehran was behind the attacks. Iran accused the US of “deceit.”

Later Mr Trump said in a tweet the US knew who the culprit was and was “locked and loaded” but waiting to hear from the Saudis about how they wanted to proceed.

The Saudis have not gone into any detail about the attacks, barring saying there were no casualties, but have given a few more indications about oil production.

Energy Minister Prince Abdulaziz bin Salman said some of the fall in production would be made up by tapping huge storage facilities, reports the BBC.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

BREAKING NEWS

JUST IN: Appeal Court sacks Dino Melaye, orders fresh election

Published

on

JUST IN: Appeal Court sacks Dino Melaye, orders fresh election

The Court of Appeal in Abuja has sacked the Senator representing Kogi West, in Kogi State, Dino Melaye.

The Court on Friday affirmed the judgment of the Kogi State National and State Assembly Election Petition Tribunal.

It has, therefore, nullified the election of Senator Dino Melaye of the Peoples Democratic Party (PDP).

It asked the Independent Electoral Commission (INEC) to conduct fresh elections within 90 days from today.

Recently, the Kogi State National and State Assembly Election Tribunal sitting in Abuja had sacked Senator Dino Melaye as the representative of Kogi West Senatorial District in the National Assembly.

The judgment was on the petition filed by Smart Adeyemi, the candidate of the All Progressives Congress (APC) in the February 26 election.

Continue Reading

BREAKING NEWS

Ethiopia PM, Abiy Ahmed, wins 2019 Nobel Peace Prize

Published

on

Ethiopia PM, Abiy Ahmed, wins 2019 Nobel Peace Prize

The 2019 Nobel Peace Prize has been awarded to Ethiopian Prime Minister Abiy Ahmed.

He was awarded the prize for his efforts to “achieve peace and international cooperation”.

Ethiopia reached a peace deal with Eritrea last year, ending a 20-year military stalemate following their 1998-2000 border war, reports the BBC.

He was named as the winner of the 100th Nobel Peace Prize in Oslo.

The prize, worth nine million Swedish crowns (about £730,000; $900,000), will be awarded in Oslo in December.

A total of 301 candidates had been nominated for the prestigious award, including 223 individuals and 78 organisations.

There had been great speculation over who would win the prize, with climate activist Greta Thunberg widely tipped as the favourite. Under the Nobel Foundation’s rules, nomination shortlists are not allowed to be published for 50 years.

Who is Abiy Ahmed?

After becoming prime minister in April 2018, Abiy introduced massive liberalising reforms to Ethiopia, shaking up what was an extremely tightly controlled nation.

He freed thousands of opposition activists from jail and allowed exiled dissidents to return home. Most importantly, he signed a peace deal with Ethiopia’s neighbour Eritrea, ending a two-decade conflict.

But his reforms also lifted the lid on Ethiopia’s ethnic tensions, and the resulting violence forced some 2.5 million people from their homes

Continue Reading

BREAKING NEWS

FG shifts extraordinary FEC meeting to Monday

Published

on

FG shifts extraordinary FEC meeting to Monday

The Federal Government has announced the postponement of the extraordinary Federal Executive Council meeting earlier scheduled to hold on Saturday to Monday, October 7, 2019, by 12 noon.

A statement issued on Saturday by the Special Adviser to the President (Media and Publicity), Femi Adesina, said the FEC meeting “is to put finishing touches to the year 2020 budget, which would still be presented to the National Assembly by 2 pm on Tuesday.”

Continue Reading

BREAKING NEWS

JUST IN: Gunmen abduct 6 female students, 2 teachers in Kaduna

Published

on

JUST IN: Gunmen abduct 6 female students, 2 teachers in Kaduna

Unknown gunmen are said to have abducted six female secondary school students and two teachers from a school in Kaduna State.

According to reports, they were said to have been forcefully taken away from a private school in Kakau Daji Village in Chikun Local Government Area of the state early Thursday.

More details later…

Continue Reading

BREAKING NEWS

Court remands Sowore in DSS custody, fixes Oct. 4 for hearing of bail application

Published

on

Court remands Sowore in DSS custody, fixes Oct. 4 for hearing of bail application

The Federal High Court sitting on Abuja this morning made an order remanding Omoyele Sowore in the DSS custody pending October 4 when his bail application will be heard.

 

The court made the order after Sowore pleaded not guilty to the seven count criminal charge slammed on him by the Federal Government.

 

Sowore was, however, led out of the court under a heavy security by men the DSS.

 

There was, however, a heated altercation between Sowore’s supporters who stormed the court in their hundreds and the security agents.

 

Details later…

Continue Reading

BREAKING NEWS

JUST IN: Okagbare’s appeal successful

Published

on

JUST IN: Okagbare’s appeal successful

The appeal lodged by Nigerian sprinter, Blessing Okagbare against her disqualification from the on-going World Athletics Championships in Doha has been been upheld by the International Athletics Federation.

This means that she will now be allowed to complete in the 200m, which heats get underway later today.

Okagbare, along with NCAA champion Divine Oduduru, had been banned from the Championships because their federation entered them in events they never planned to run.

When they didn’t show up for that event, the IAAF disqualified them from the rest of the meet, including the 200 and 4×100 relay, which both were hoping to run.

But in an earlier interview with The Associated Press, Okagbare said an appeal to IAAF was in the works and that federation president Sebastian Coe had called her and told her the case was being reviewed.

“He told me he understood what was going on, and to get some sleep,” Okagbare said. “My hope is that they get the appeal on time.”

With the appeal accepted, Oduduru will now run in the 200-meter heats set for Sunday and Okagbare would run Monday.

IAAF rules state that, unless they’re injured or sick, athletes who withdraw after a certain deadline become ineligible for the rest of the championships.

Okagbare said both she and Oduduru repeatedly told the Nigerian federation that they had no plans to run in the 100.

“It’s not the first time they’ve done a thing like this,” she said. “They deal with the African Games and national championships, but this is not Africa. We’re not running at national championships. People here take the rules seriously and we keep bending them. It’s wrong. It’s incompetency. I feel like they’re wasting my world championships. I don’t know how many more I have. I’m 30.”

Continue Reading

BREAKING NEWS

Kidnappers free Siasia’s mother

Published

on

Kidnappers free Siasia’s mother

The 80-year-old Ogere, mother of former Super Eagle skipper and coach, Samson Siasia, has finally been released by her abductors after spending more than two months with them.

It is not yet clear if any ransome was paid, but only recently the former national team player had appealed for the release of his mother who had already been abducted before a couple of years ago.

Details later…

Continue Reading

BREAKING NEWS

Kidnappers free Siasia’s mother

Published

on

Kidnappers free Siasia’s mother

The 80-year-old Ogere, mother of former Super Eagle skipper and coach, Samson Siasia, has finally been released by her abductors after spending more than two months with them.

It is not yet clear if any ransome was paid, but only recently the former national team player had appealed for the release of his mother who had already been abducted before a couple of years ago.

Details later…

Continue Reading

BREAKING NEWS

Democrats to ‘launch formal Trump impeachment inquiry’

Published

on

Democrats to ‘launch formal Trump impeachment inquiry’

US Democrats will open a formal impeachment hearing into President Donald Trump over claims that he sought political help from Ukraine, US media reports say.

 

The decision by Congresswoman Nancy Pelosi, who had resisted such moves, follows growing demands from party members, reports the BBC.

 

More details later…

Continue Reading

BREAKING NEWS

Report: Ghana foils ‘coup plot’

Published

on

Report: Ghana foils ‘coup plot’

Ghanaian security forces have arrested and are questioning three alleged coup plotters after their plans to target the presidency were foiled.

In a statement posted on Twitter, Ghana’s government said the plot had “the ultimate aim of destabilising the country”.

Military personnel were involved in obtaining weapons, the statement said.

According to the government, the group were aiming to recruit and radicalise a base of young people.

A stash of weapons and ammunition was found following 15 months of surveillance.

This included six pistols, three smoke grenades, 22 IEDs, two AK47 magazines and one long knife.

Computer equipment, a voice recorder and a Ghanaian passport were also among the list of items seized.

Security analysts have downplayed the claims of a coup plot, saying the group lacked the weapons and mass movement required.

The government statement said the three men arrested, named as Frederick Yao Mac-Palm, Ezor Kafui and Bright Allan Debrah Ofosu, had set up a group targeting young people.

Known as Take Action Ghana (TAG), the aim was to mobilise the youth for “nation-building”.

But this was a guise for their intention to “build a support base of youth, and radicalise them against the political authority in Ghana”.

The alleged coup plotters, one of whom is a doctor, had started procuring weapons and improvised explosive devices.

The statement said they procured some chemicals that were to be used to concoct weapons from a hospital.

The government has also accused military personnel of plotting to obtain weapons.

The BBC’s Favour Nunoo in the capital, Accra, said that although there is a lot of dissatisfaction in Ghana at the moment, this alleged plot still comes as a surprise.

When President Nana Afuko-Addo was elected at the end of 2016, he promised he would do all in his power to live up to voters’ hopes and expectations. But those hopes and expectations were high and have not been met, our correspondent said.

Ghana will go the polls in next year, reports the BBC.

Continue Reading

 

 

 

 

 

ABUJA MAN REVEALS (FREE) SECRET FRUITS THAT INCREASED MANHOOD AND LASTING POWER IN 7DAYS

 

… CLICK HERE TO GET IT!

 

 

 

Categories

Facebook

BUA Adverts

Trending

Take advantage of our impressive online traffic; advertise your brands and products on this site. For Advert Placement and Enquiries, Call: Mobile Phone:+234 805 0498 544. Online Editor: Tunde Sulaiman Mobile Phone: 0805 0498 544; Email: tunsul2@gmail.com. Copyright © 2018 NewTelegraph Newspaper.

%d bloggers like this: