US sanctions 11 entities for aiding Iran’s oil sector
The US imposed sanctions on 11 entities and three executives Thursday for allegedly aiding an Iranian energy firm that was blacklisted in January, and helping...
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Oil prices hold near multi-week lows on demand worries
Oil prices edged up on Thursday, but held near multi-week lows hit overnight after U.S. data showed gasoline demand fell and recovery from the COVID-19...
Shell, Mobil, Agip others flare N9.24 billion gas in one month
Pius Utomi Ekpei/AFP/Getty Images Gas flaring by five oil and gas companies operating in Nigeria, cost the country $25.66 million, an equivalent of N9.24 billion,...