·Nigeria, 7 others sign AFRIPERF charter Emmanuel Addeh in Abuja Nigeria and seven other African countries yesterday signed a charter to birth the African Petroleum Regulators Forum (AFRIPERF), a demonstration of the country’s leadership in Africa’s oil and gas sector. The charter seeks to enhance cooperation and collaboration among African petroleum regulators, to ensure a…
No, applying castor oil to sanitary pad won’t solve reproductive health issues IN SHORT: Facebook posts claiming that castor oil applied to a sanitary pad can fix issues such as endometriosis and stomach cramps are being shared widely. But there’s no scientific evidence to support these claims. “Try this and thank me later” reads the…
An oil and gas rig. PHOTO/AEC By SPECIAL CORRESPONDENT [email protected] Shell’s plans to explore for oil and gas in South Africa’s Orange Basin, recently granted environmental authorization to drill up to five deepwater wells, now faces a court appeal from environmental groups and coastal communities. While legal challenges are a natural part of democratic governance,…
This report is from this week’s CNBC’s “Inside India” newsletter. Like what you see? You can subscribe here. The big story If refineries are the oil industry’s children, India’s got plenty of mouths to feed — and U.S. tariff threats over Russian crude are imperiling a distinctly affordable meal ticket. This week, U.S. President Donald Trump…
US President Donald Trump has issued an executive order hitting India with an additional 25% tariff over its purchases of Russian oil. That will raise the total tariff on Indian imports to the United States to 50% – among the highest rates imposed by the US. The new rate will come into effect in 21…
A rare oil portrait of Indian independence leader Mahatma Gandhi has been sold at auction in London for £152,800 ($204,648). The figure is much higher than the £50,000-£70,000 that auction house Bonhams had estimated the work might fetch. It was painted in 1931 by British artist Clare Leighton when Gandhi visited London. Bonhams said the…
VivaJets has underscored the crucial role of private aviation in Africa’s oil and gas industry. The airline said private aviation was needed to unlock efficiency, speed, and strategic advantage in the oil and gas sector. The start-up aviation firm was a sponsor and exhibitor at the recently-concluded Nigerian Oil and Gas (NOG) Energy Week in…
Flags of the European Union and the United States. Sean Gallup | Getty Images News | Getty Images CNBC’s assignment desk has a conundrum this week: how to approach July, 9. Why does this specific date matter? It’s the deadline for trade negotiations between the U.S. and European Union before the tariffs axe (maybe) falls…
The OPEC logo is displayed on a mobile phone screen in front of a computer screen displaying OPEC icons in Ankara, Turkey, on June 25, 2024. Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance agreed on Saturday to increase their collective crude production by 548,000 barrels per day, as they…
Oil prices fell sharply Monday after a missile strike by Iran on a U.S. airbase in Qatar left no reported casualties, raising investors’ hopes that there might be a path to de-escalate the conflict in the Middle East. U.S. crude oil fell $5.33, or 7.22%, to close at $68.51 per barrel, while global benchmark…
