The energy giant said that a substantial oil-bearing reservoir was found in its Merlin-1X exploration well, which is part of Petroleum Exploration License 39 (PEL 39). It claims that...
The International Monetary Fund (IMF) said poverty in Nigeria has reached 63% of the population as conditions remain difficult for people amidst economic reform. In a statement released following...
Americans are spending freely on vacations, nights out, and shopping sprees — even as inflation, high interest rates, and record debt climb higher. Economists have a name for this...
Gold was steady after Israel and Iran agreed to end attacks that had jeopardised talks to end the war in the Middle East. Bullion was near US$4,330 an ounce...
India is scrambling to contain the economic and financial impact of the worst oil supply disruption in history as analysts say the high oil prices would continue to weigh...
Kenyan President William Ruto announced the funding following talks with European Commission Executive Vice-President Henna Virkkunen in Brussels, saying the cable extension will connect Kenya, Tanzania, Somalia and Djibouti...
Kuwait, one of OPEC’s top producers and one of the exporters most affected by the near-closure of the Strait of Hormuz, is offering its crude to Asian buyers for...
The biggest banks in the world increased financing for fossil fuels by 8% in 2025 from a year earlier, committing a total of $906 billion to fossil fuel companies...
The Middle East’s largest remaining oil export corridor came under renewed pressure on Monday after Yemen’s Houthis announced a complete ban on Israeli shipping in the Red Sea, risking a further...
Oil prices jumped more than US$4 (RM16.28) on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier. Brent...