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Russia

  • In the News

    Ukraine Drone Strike Sparks Massive Fire at Russian Fuel Terminal

    by Victor Adetimilehin January 22, 2024
    by Victor Adetimilehin January 22, 2024

    A Ukrainian drone attack on a Russian oil and gas facility in the Baltic Sea has triggered a huge blaze and disrupted fuel exports to international markets. The Ust-Luga complex, …

  • In the News

    Oil Prices Surge as Russia Cuts Exports, Houthi Attacks Threaten Supply

    by Victor Adetimilehin December 18, 2023
    by Victor Adetimilehin December 18, 2023

    The price of oil has risen over 1% in Asian trade on Monday, supported by lower exports from Russia and as attacks by the Houthi rebels on ships in the …

  • Energy Transition

    South Africa’s Nuclear Ambitions Spark Controversy and Criticism

    by Motoni Olodun December 13, 2023
    by Motoni Olodun December 13, 2023

    South Africa has announced its intention to build new nuclear power stations to boost its electricity supply and address its ongoing energy crisis. The government said it would invite bids …

  • In the News

    Oil Prices Rebound After Saudi-Russia Call for More Output Cuts

    by Victor Adetimilehin December 8, 2023
    by Victor Adetimilehin December 8, 2023

    Oil prices recovered some ground on Friday after a seven-week losing streak, as Saudi Arabia and Russia, the world’s two biggest oil exporters, called for more OPEC+ members to join …

  • Energy Transition

    Oil Prices Fall Despite OPEC+ Supply Cuts Extension

    by Victor Adetimilehin November 7, 2023
    by Victor Adetimilehin November 7, 2023

    Oil prices dropped on Tuesday as investors weighed the uncertain outlook for global oil demand and the Fed’s stance on inflation. The decline came despite the announcement by Saudi Arabia …

  • Oil & Gas

    Oil Prices Soar as Saudi Arabia and Russia Extend Supply Cuts

    by Motoni Olodun November 6, 2023
    by Motoni Olodun November 6, 2023

    Oil prices rose on Monday after Saudi Arabia and Russia, the world’s two largest oil exporters, reaffirmed their commitment to extra voluntary oil supply cuts until the end of the …

  • In the News

    Ghana and Russia Boost Nuclear Energy Cooperation

    by Victor Adetimilehin October 17, 2023
    by Victor Adetimilehin October 17, 2023

    Ghana is moving closer to its goal of adding nuclear energy to its power mix, as it deepens its cooperation with Russia’s state atomic energy corporation, ROSATOM. The two countries …

  • In the News

    Russia to Build Nuclear Plant in Burkina Faso 

    by Victor Adetimilehin October 15, 2023
    by Victor Adetimilehin October 15, 2023

    Burkina Faso’s military junta has signed a deal with Russia to construct a nuclear power plant in the West African country. The agreement was reached after talks between Ibrahim Traore, …

  • Oil & Gas

    Japan Seeks to Secure Energy Supply Amid US Sanctions on Russia

    by Motoni Olodun September 26, 2023
    by Motoni Olodun September 26, 2023

    Japan is facing a challenge to ensure a stable energy supply amid the US sanctions on Russia, which is one of its major sources of oil, gas, and coal. The …

  • Oil & Gas

    Oil prices surge as Saudi-Russia deal and China demand boost market.

    by Motoni Olodun September 18, 2023
    by Motoni Olodun September 18, 2023

    Oil prices rose for a third consecutive session on Monday, reaching their highest levels since November, as Saudi Arabia and Russia extended their supply cuts and China’s economic recovery boosted …

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