Oil prices rise as Chinese refiners reportedly ban October fuel exports

Oil prices rise as Chinese refiners reportedly ban October fuel exports

Oil prices rose on Thursday, reversing earlier losses, following a report that Chinese refiners have suspended October fuel exports, further squeezing war-constrained energy markets. International benchmark Brent crude with December expiry was last seen trading 2.2% higher at $100.15 per barrel, having earlier traded 1% lower, while U.S. West Texas Intermediate futures with November expiry…

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Africa: Dangote, Ethiopia to Build 0m Djibouti Fuel Pipeline

Africa: Dangote, Ethiopia to Build $660m Djibouti Fuel Pipeline

Dangote Group and Ethiopian Investment Holdings will invest $660 million in a petroleum-products pipeline connecting landlocked Ethiopia with Djibouti’s coast, adding new fuel storage and transport infrastructure to one of East Africa’s main trade corridors. The project was announced by Ethiopian Prime Minister Abiy Ahmed alongside Djibouti President Ismail Omar Guelleh and Aliko Dangote. The…

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Tigers, jaguars, bison among 135 exotic and endangered animals found in raid on fuel smugglers near U.S. border

Tigers, jaguars, bison among 135 exotic and endangered animals found in raid on fuel smugglers near U.S. border

Mexican authorities said Thursday that they had rescued Bengal tigers, mandrills, hyenas and even a camel during raids on a fuel smuggling ring in the northeastern state of Tamaulipas, on the U.S. border. The 135 animals found at a ranch also included lions, buffalo, sulcata tortoises, spider monkeys, jaguars, an American bison and a green…

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Africa: Dangote, Ethiopia to Build 0m Djibouti Fuel Pipeline

Africa: Fossil Fuel Wealth Fails to Deliver Development in Africa – Report

Nairobi — A new report examining the economic impact of oil and gas production in Africa has found that fossil fuels have failed to deliver sustained or inclusive economic development, observing that the resources have contributed to economic vulnerability and inequality and have constrained growth through prohibitive commodity prices, inflation, and weak local currencies. It…

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Too many ‘chiefs’ fuel security confusion crises

Too many ‘chiefs’ fuel security confusion crises

Dr Maiendra Moodley, senior analyst at Wikistrat. The rapid proliferation of roles such as chief information security officer, chief privacy officer, chief risk officer and chief trust officer in one firm has created overlapping mandates that blur accountability lines. This was the word from Dr Maiendra Moodley, senior analyst at Wikistrat, delivering a presentation at…

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