Shell commences job cuts to boost investors’ return
Oil major, Shell has commenced cutting hundreds of jobs, including roles within its low-carbon solutions unit. The layoffs form part...
World Economy
40% of globak jobs at risk over AI deployment, says IMF
The International Monetary Fund (IMF) says nearly 40 per cent global jobs may be lost due to the influence of...
M/East conflict to drive food insecurity globally, says W/Bank
The World Bank has warned that an increase in conflict in the Middle East could potentially worsen the food insecurity...
Global growth slows in 2024, weakest half-decade performance in 30 years – W/Bank
The World Bank says global growth in 2024 would slow to 2.4 per cent—the slowest half-decade of GDP growth in...
Oil production to fall below 27mbpd in 2024 – OPEC
Daily oil production by the Organization of Petroleum Exporting Countries (OPEC) would slip below 27 million barrels per day (bpd)...
Global analysts say crude oil prices may hover around $80/b in 2024
Key global analysts have predicted that international oil prices would likely stay near $80 a barrel in 2024. Analysts also...
Nigeria, two others recommit to OPEC after Angola’s exit
OPEC nations Iraq, Nigeria and the Republic of Congo affirmed their commitment to the oil-producer group following the exit of...
Alakija wins 6 lucrative oil blocs is Sierra Leone
Founder of Famfa Oil Limited, Folorumso Alakija has secured rights to six lucrative offshore oil blocs in Sierra Leone. The...
Developing countries paid record $443.5bn on public debt in 2022
Amid the biggest surge in global interest rates in four decades, developing countries spent a record $443.5 billion to service...
Global oil demand expected to slow down in Q4 2023 — IEA
The International Energy Agency (IEA) in its current Oil Market Report preview says global crude oil demand for the fourth...
