Obituary: Yamani, the Saudi oil minister who brought the West to its knees

  Saudi Arabia’s Sheikh Zaki Yamani, the embodiment of the ascent of Arab petroleum power and the face of the 1973 oil embargo that brought the West to its knees, has died. Yamani was a witness to the 1975 murder of the Saudi king who had plucked him, a non-royal, from obscurity to be oil […]

Business Energy

Oil prices anticipate tight market by mid-2021 – Report

  U.S. petroleum inventories are falling towards more normal levels as the glut earlier this year caused by volume warfare among OPEC+ members and the first wave of epidemic-driven lockdowns is gradually absorbed. Falling inventories are likely to herald a tighter production-consumption balance and a cyclical upswing in both spot prices and calendar spreads next […]


Oil majors look to bolster security in Nigeria

  Major oil companies have asked local authorities to boost surveillance on oil-producing and oil and infrastructure assets in Nigeria following protests against police brutality and plans for oil job cuts, three industry sources told Reuters on Wednesday. The protests and the expected job cuts are further aggravating the unemployment in the Niger Delta, Nigeria’s oil-producing region, […]


BEDC to improve power supply in Igarra, environs

  In attempt to significantly improve power supply to Igarra town and other communities in Akoko Edo LGA of Edo State, BEDC has finalized the design, and at the stage of awarding contract for the construction of a 33KV line from Okpella to Igarra. The project once completed, it was gathered, will change the source […]

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