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PM Modi meets 31 world leaders during three-nation visit to Nigeria, Brazil and Guyana

PM Modi meets 31 world leaders during three-nation visit to Nigeria, Brazil and Guyana

Fri, Nov 22, 2024

Amongst the 10 bilateral meetings in Brazil, this was the first meeting of PM Modi with 5 leaders namely Prabowo Subianto, President of Indonesia; Luis Montenegro, PM of Portugal; Keir Starmer, PM of the U.K; Gabriel Boric, President of Chile and Javier Milei, President of Argentina.

Nigeria oil enters unclear new era after Shell's onshore asset sale

Nigeria oil enters unclear new era after Shell's onshore asset sale

Mon, Jan 29, 2024

The company's sale of its subsidiary to five mostly local firms fits an ongoing trend of Western energy companies divesting onshore Nigerian oil fields.

Oil spill from Shell pipeline fouls farms and a river in a long-polluted part of Nigeria

Oil spill from Shell pipeline fouls farms and a river in a long-polluted part of Nigeria

Mon, Jun 26, 2023

The volume of oil spilled has not been determined, but activists have published images of polluted farmland, water surfaces blighted by oil sheens and dead fish mired in sticky crude.

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Nigeria's tinubu, to be sworn in as president amid hopes and scepticism

Nigeria's tinubu, to be sworn in as president amid hopes and scepticism

Mon, May 29, 2023

A former governor of Lagos, Nigeria's economic hub, Tinubu, 71, will succeed President Muhammadu Buhari to lead a country that by 2050 is forecast to become the third most populous nation in the world, tied with the United States after India and China.

Nigeria's tinubu, to be sworn in as president amid hopes and scepticism

Nigeria's tinubu, to be sworn in as president amid hopes and scepticism

Mon, May 29, 2023

A former governor of Lagos, Nigeria's economic hub, Tinubu, 71, will succeed President Muhammadu Buhari to lead a country that by 2050 is forecast to become the third most populous nation in the world, tied with the United States after India and China.

Bajaj Auto shares plunge over 5% on reports of production cut

Bajaj Auto shares plunge over 5% on reports of production cut

Mon, Feb 27, 2023

The stock of Bajaj auto faced heavy selling pressure on Feb 27 after reports suggested the company may reduce its production by 25% next month.

HAL signs contract with Nigerian Army for Phase II training on Chetak Helicopter

HAL signs contract with Nigerian Army for Phase II training on Chetak Helicopter

Mon, Apr 11, 2022

The Hindustan Aeronautics Limited on Monday said it has signed a contract with Nigerian Army for imparting Phase-II flying training on Chetak Helicopter for six officers of Nigerian Army Aviation.

Trump proposes to end visa lottery; favours skilled workers

Trump proposes to end visa lottery; favours skilled workers

Fri, Jan 26, 2018

Trump has been against diversity visa as he believes that this does not attract the best and the brightest to the US.

China's Sinopec looking to sell Nigeria business: Sources

China's Sinopec looking to sell Nigeria business: Sources

Wed, Dec 06, 2017

Sinopec and other oil groups including China National Petroleum Corporation and CNOOC made large acquisitions between 2009 and 2013 with the help of low-cost loans from Chinese state-owned banks.

Bajaj Auto hopes to rev up sales in FY18 after bumpy ride

Bajaj Auto hopes to rev up sales in FY18 after bumpy ride

Sun, May 21, 2017

After a rough ride last fiscal, Bajaj Auto spokesperson has said that the company hopes to improve its sales in fiscal year 2017-18 (FY18) on back of recoveries in both domestic and export markets.

Thai Airways to probe jet engine maker Rolls-Royce corruption

Thai Airways to probe jet engine maker Rolls-Royce corruption

Thu, Jan 19, 2017

Thailand`s flagship airline on Thursday said it had launched a probe into revelations that Rolls-Royce paid millions of dollars in bribes to win contracts, including to airline employees and government officials.

OPEC oil output inches down after November deal

OPEC oil output inches down after November deal

Wed, Jan 18, 2017

OPEC oil production fell in December but remains well above levels envisaged under a recent deal due to take effect from January, the cartel`s new monthly report showed on Wednesday.

OPEC oil output falls from record high ahead of planned cuts: Reuters survey

OPEC oil output falls from record high ahead of planned cuts: Reuters survey

Thu, Jan 05, 2017

OPEC`s oil output in December fell from a record high ahead of a deal to cut production, a Reuters survey found on Thursday, helped by attacks on Nigeria`s oil industry and top exporter Saudi Arabia trimming exports.

OPEC, non-OPEC agree first global oil pact since 2001

OPEC, non-OPEC agree first global oil pact since 2001

Sun, Dec 11, 2016

OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries.

Nigeria, Morocco mull gas pipeline mega-project

Nigeria, Morocco mull gas pipeline mega-project

Sun, Dec 04, 2016

Nigeria and Morocco are in talks over a huge project to extend a West African gas pipeline to stretch up towards Europe, officials say.

India's Sept Iran oil imports fall 4.1% on Aug, says shipping data

India's Sept Iran oil imports fall 4.1% on Aug, says shipping data

Wed, Oct 12, 2016

India's purchases of Iranian oil fell 4.1% in September, slipping from August when imports from Tehran hit their highest in at least 15 years, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts.

Nigeria takes on oil majors over 'illegal exports'

Nigeria takes on oil majors over 'illegal exports'

Fri, Sep 30, 2016

Chevron and Total on Friday failed to have a court throw out a case implicating them in the alleged failure to declare billions of dollars of crude exports from Nigeria.

Goldman Sachs cuts Q4 crude oil price forecast by $7 on supply glut

Goldman Sachs cuts Q4 crude oil price forecast by $7 on supply glut

Tue, Sep 27, 2016

Goldman Sachs on Tuesday slashed its fourth quarter (Q4) 2016 oil price forecast by $7 per barrel, citing a mounting crude surplus that could outweigh any short-term price support from a potential deal among top producers to limit output.

Oil prices drop on returning Libya, Nigeria supplies

Oil prices drop on returning Libya, Nigeria supplies

Fri, Sep 16, 2016

Oil prices fell on Friday on worries that U.S. rig counts would continue to rise and that returning Libyan and Nigerian exports would stoke a global supply glut.

Oil dips back below $50 on economic worries

Oil dips back below $50 on economic worries

Tue, Jul 05, 2016

"The deterioration in the global economic outlook, financial market uncertainty and ripple effects on key areas of oil demand growth are likely to exacerbate already-lacklustre industrial demand growth trends," Barclays said in a report.

International oil markets to balance out by end of 2016: IEA

International oil markets to balance out by end of 2016: IEA

Tue, Jun 14, 2016

A huge overhang in oil stocks lingering across the world will keep a cap on any further oil price rises, the IEA said on Tuesday, even as supply and demand move towards balance by the end of the year.

Oil hits 2016 peaks on fading supply glut fears

Oil hits 2016 peaks on fading supply glut fears

Sat, May 21, 2016

"Production outages in Canada and Nigeria continue to support prices," wrote Capital Economics analysts Caroline Bain and Julian Jessop in a research note.

Oil rises on outages; API reports big US crude build

Oil rises on outages; API reports big US crude build

Wed, May 11, 2016

The market pared gains briefly in post-settlement trade after the American Petroleum Institute (API), an industry group, said the US crude inventories rose by 3.45 million barrels to record highs of 543.1 million during the week ended May 6.

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