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The Chairman, United Bank for Africa (UBA), Tony Elumelu, has blamed the poor electricity supply, hike in the prices of petroleum products and food
The US administration authorised the release of 50 million barrels of crude oil from the strategic petroleum reserve.
The US administration authorised the release of 50 million barrels of crude oil from the strategic petroleum reserve
LONDON: Oil prices extended gains on Tuesday from a near 5% rebound the day before as concerns about the impact of the Omicron coronavirus variant on global fuel demand eased and Iran nuclear talks stalled, delaying the return of Iranian crude.Brent crude futures were up $1.66, or 2.3%, at $74.87 a barrel, after settling 4.6% higher on Monday. US West Texas...
Calgary drivers hope to see a break at the gas pump the next few days, but analysts warn factors like global reaction to the new COVID-19 variant could add to market uncertainty.