An economist, Chijioke Ekechukwu, says Nigeria could have recorded a major economic windfall from the current surge in global crude oil prices if its production had been operating at full capacity. Mr Ekechukwu, the group managing director/chief executive officer of Bristol Investment Limited, said this in an interview with journalists in Abuja on Sunday, while […]
commentary Oil prices surge as the Trump administration shows no clear plan for the world’s most critical shipping lane Published March 15, 2026 9:00AM (EDT) President Donald Trump ( Anna Moneymaker/Getty Images) Donald Trump has made many audacious claims during his political career, and he has shown a remarkable talent for convincing people that up
Trump’s Strait of Hormuz problem Read More »
The Government is open to halting its plans to raise fuel duty for the first time in more than a decade should the war in the Middle East continue into the latter half of the year, Ed Miliband has hinted. The Energy Secretary insisted the Government will “stand by the British people in this crisis”
Government ‘standing by British people’ Miliband says amid fuel duty questions Read More »
Mar. 14, 2026, 5:54 PM EDT Iran is receiving “military cooperation” from Russia and China, Iranian Foreign Minister Abbas Araghchi said in an exclusive interview with MS NOW on Saturday. He also accused the United Arab Emirates of allowing the U.S. to launch attacks on Iran from its territory Araghchi said Iran has no intention
Iran is receiving ‘military cooperation’ from Russia and China, foreign minister says Read More »
The vessel Lng Dubhe, a LNG tanker sailing under the flag of Hong Kong, leaves the Port of Bilbao after her stopover at the Bizkaia Bay Gas (BBG) regasification plant in the Spanish Basque city of Zierbena on March 9, 2026. (Photo by ANDER GILLENEA / AFP) US President Donald Trump on Saturday said countries
Other Countries ‘Must Take Care’ Of Hormuz Strait, Says Trump Read More »
SENATE President Pro Tempore Panfilo Lacson is calling for amendments to the country’s tax laws to allow the government to immediately suspend excise taxes on fuel, warning that the current system could delay relief for consumers amid rising global oil prices.Lacson said a key safeguard under the Tax Reform for Acceleration and Inclusion Law… https://www.manilatimes.net/2026/03/15/news/national/3-months-too-long-to-wait-before-cutting-fuel-taxes-lacson-says/2300120
‘3 months too long to wait before cutting fuel taxes, Lacson says Read More »
The oil market sent a clear signal this week that a massive release of stockpiled crude by the U.S. and its allies is nowhere near enough to address the unprecedented supply disruption triggered by the Iran war. More than 30 nations in Europe, North America and Northeast Asia agreed to flood the market with 400
Oil drilling rigs Oil prices rose on Friday, closing above $100 per barrel as shipping disruptions in the Strait of Hormuz persisted and the US president threatened to intensify military strikes on Iran in the third week of the war. Brent crude futures for May delivery increased 2.67%, or $2.68, to $103.14 per barrel, recording
Oil posts weekly gains of over 11% Read More »
Donald Trump is deploying thousands of Marines to the Strait of Hormuz as fears grow that the US could put troops on the ground in the conflict. US Defence Secretary Pete Hegseth approved a request by US Central Command for the deployment of a Marine expeditionary unit, typically including several warships and 5,000 troops, sources
Article content (Bloomberg) — Australia’s Energy Minister Chris Bowen says rural and regional areas are facing “real and unacceptable shortages” of fuel, a ripple effect of the US-Israel war with Iran that has caused global oil prices to surge. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your
Australia’s Rural Areas Facing ‘Unacceptable’ Fuel Shortages Read More »
