Oil prices fell to near $101 a barrel on Monday in Asia amid investor concern over the outcome of a meeting between the leaders of Germany and France.
An already frail economy will come under more pressure when the EU ban comes into effect.
Latest Shell oil spill is comparable to the Exxon Mobil spill of 1998, say authorities as emergency measures are put in place to protect the coast.
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/ 12 November 2011
A Nigerian youth leader says armed police officers stopped his group’s planned protest in Abuja over a state proposal to remove fuel subsidies.
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/ 30 September 2011
African countries made it clear at an oil conference in Accra, Ghana that foreign oil companies would be under mounting pressure.
Oil prices rose above $120 a barrel in London trade on Monday, for the first time in two and a half years, as nerves over the conflict in Libya grew.
In the face of falling oil supplies and rising prices PertoSA’s planned oil refinery will run into trouble.
Ras Lanuf has done well from Libya’s oil boom since Gaddafi nationalised the former Mobil terminal as part of his "people’s revolution".
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/ 14 February 2011
Whoever wins this week’s presidential election in Uganda will have to manage national reserves of 2,5-billion barrels of oil.
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/ 18 November 2010
Officials from oil and construction firms gathered at an air force base in Port Harcourt on Thursday for the handover of 19 hostages.
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/ 10 November 2010
Nigeria marked 15 years since the execution of activist Ken Saro-Wiwa and his campaign against the oil industry drew the world’s attention to abuses.
Many hope the arrival of Big Oil will transform their lives. But few consider at what price.
A company has discovered offshore oil deposits in Mozambique, but studies are still under way to determine if they are commercially viable.
Opec says Europe’s debt crisis and an oversupply of crude in the market are weighing heavily on crude demand in the second half of the year.
As the bank crisis and now the volcano shows, the world needs simpler, less inter-connected societies — and fast.
SA President Jacob Zuma has arrived in Kampala for a two-day state visit, heading a large delegation expected to explore investment opportunities.
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/ 22 December 2009
Oil prices fell on Tuesday as Opec decided at a meeting against changing the cartel’s official crude output levels, in a widely expected move.
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/ 21 December 2009
The oil price of Opec stood nearly unchanged at ,78 at the end of last week, the cartel said on Monday, ahead of its conference in Angola.
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/ 20 December 2009
Iranian troops who for three days controversially occupied a disputed border oil well left the facility during the night but remain on Iraq’s soil
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/ 16 December 2009
Nigeria’s military has destroyed about 600 illegal oil refineries in the Niger Delta and arrested seven oil thieves, the military said on Tuesday.
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/ 30 November 2009
World oil prices perked up on Monday as investor worries over Dubai’s debt crisis receded, analysts said.
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/ 9 November 2009
After a four-week ocean journey to nowhere, Raimi was tired and disillusioned on return to Benin’s port of Cotonou.
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/ 23 October 2009
French oil major Total has made an offshore oil discovery in Angola, the company said on Friday.
As the world recovers more rapidly than forecast from recession, oil demand is also expected to rise more quickly than foreseen, the IEA says.
Nearly all known militant leaders in Nigeria’s troubled oil hub have given up their weapons in an amnesty deal, raising hopes for stability.
Big oil-producing nations denied a media report on Tuesday that Gulf Arab states were in talks to replace the dollar with a basket of currencies.
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/ 15 September 2009
Shokri Ghanem has left his post as chairperson of Libya’s state oil firm, confirmed a source in the country’s Parliament.
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/ 9 September 2009
Uganda’s opposition wants more transparency in awarding oil contracts to foreign firms, its main leader said on Wednesday.
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/ 7 September 2009
Sudan’s central government could owe its semi-autonomous south hundreds of millions of dollars in oil revenue, a watchdog group said on Monday.
Nigeria’s main militant group should rethink its threat to resume attacks on the country’s oil industry, a government official said on Monday.
An amnesty deal by the Nigerian government for militants in the Niger Delta aimed at reducing unrest in the oil-rich region came into effect this week
The dependency on liquid fuels for energy is under
the microscope. Government must find ways to
get additional benefits.