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BBC News Now

terribly nervous, because there are certain things that are happening geopolitically. there have been no supply disruptions, so oil is still being traded freely around the world. secondly, there is enough safety cushion in the system because of opec safeguards. opec keep it as spare capacity. the more there is of that the more comfortable the market will be when there are geopolitical tensions. ,., , tensions. there were reports yesterday — tensions. there were reports yesterday that _ tensions. there were reports yesterday that iran's - tensions. there were reports yesterday that iran's oil - tensions. there were reports - yesterday that iran's oil exporter to a six—year high despite some of the uncertainty we have seen in recent days. it the uncertainty we have seen in recent days-— recent days. it tells you how ineffective — recent days. it tells you how ineffective sanctions - recent days. it tells you how ineffective sanctions can - recent days. it tells you howj ineffective sanctions can be, especially if they are not imposed by the international community. iran still has very important friends, including the biggest oil importer including the biggest oil importer in the world, china. former

Things , Oil , Safety-cushion , Geopolitically , Supply-disruptions , System , Around-the-world , It , Market , Capacity , Opec , Opec-safeguards

How Colombia's Petro Emerged as a Leader on Climate, Fossil Fuel Phase-Out

How Colombia's Petro Emerged as a Leader on Climate, Fossil Fuel Phase-Out
foreignpolicy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignpolicy.com Daily Mail and Mail on Sunday newspapers.

Spain , Dubai , Dubayy , United-arab-emirates , Montreal , Quebec , Canada , Australia , Caracas , Distrito-federal , Venezuela , Maryland

Nigeria's Kaduna refinery to reopen next year, produce 60,000 barrels per day, says minister

Nigeria aims to reopen its Kaduna oil refinery next year, with initial production of 60,000 barrels a day, the junior petroleum minister said, as part of plans to revive local refineries that have been mothballed for years.

Kaduna , Nigeria , South-korea , Niger-delta , Nigeria-general- , South-korean , Daewoo , Oil-exporter , Bpd-minister , Refinery , Heineken-lokpobiri

Verified Live

so there's a long—standing security partnership with saudi arabia, large amounts of uk arms sold to saudi arabia. that's a big business for the uk. saudi energy supplies, obviously the world's biggest oil exporter, the uk a big buyer of energy. and also we saw borisjohnson when he was prime minister going to saudi arabia to meet prince mohammed bin salman to discuss diversifying energy supplies away from russia. so that's another one. and then investment. saudi arabia has large amounts of money, huge amounts of money earned from its energy sales, oil and gas, that it's looking to invest around the world. the uk wants a bit of that. so all of that was in the discussions. what they don't confirm here is the actual visit, but the bbc has been told that that is lined up for october. no specific date. labour's deputy leader, angela rayner, has been responding to the invitation and speaking

Saudi-arabia , World , Amounts , Security-partnership , British , Energy-supplies , Arms , Big-business-for-the-uk , Mohammed-bin-salman , Prince , Energy , Big

Verified Live

commitment to trade and investment relationships, deepening that, and what that amounts to is a few things, a long—standing security partnership with saudi arabia and a large amount of uk arms sold to saudi arabia which is big business for the uk and saudi energy supplies, the biggest oil exporter, and the uk are a big buyer of energy. we also saw borisjohnson going to meet mohammed bin salman to discuss diversifying energy supply away from russia and also saudi arabia has huge amounts of money earned from its energy sales, oil and gas, which it is looking to invest around the world and the uk would like a bit of that. all of thatis would like a bit of that. all of that is in the discussion but what they do not confirm is the actual visit but the bbc has been told that thatis visit but the bbc has been told that

Things , Saudi-arabia , Uk , Amounts , Security-partnership , Amount , Relationships , Investment , Arms , Commitment , Energy , Big-business

Outside Source

to actually separate who does what, so there will be responsibilities, and finally we will update, we will modernise this system. actually, the minister said that despite his efforts to modernise the railway system, he could not prevent this kind of tragedy. to nigeria now, where the electoral commission has declared the governing party candidate, bola tinubu, the winner of saturday's disputed presidential election. it means the former lagos governor achieves his life—long ambition of heading africa's most populous democracy and biggest oil exporter. but peter obi, the leader of opposition labour party, who came third, says he will challenge the result in court. mr tinubu was handed the official certificate formalising his election victory in a ceremony earlier.

Kyriakos-mitsotakis , System , Responsibilities , Efforts , Kind , Railway-system , Tragedy , Nigeria , Bola-tinubu , Election , Governor , Lagos

Outside Source

and people in athens are asking someone to take responsibility, they are asking for this system to change, for the railway to be more modernised again. so there are people who deeply believe that this was much more than a human error, there needs to be changes there. alexia from ert, thank you so much for talking us through this devastating period for greece. to nigeria now — where the electoral commission has declared the governing party candidate, bola tinubu, the winner of saturday's disputed presidential election. it means the former lagos governor achieves his life—long ambition of heading africa's most populous democracy and biggest oil exporter. but peter obi, the leader of opposition labour party who came third, says he will challenge

People , System , Someone , Change , Railway , Responsibility , Athens , Modernised , Changes , Ert , Alexia-kalaitzi , Human-error

CNN Newsroom Live

beijing, giving him an international platform and a chance to get applause and look like a states man would be beneficial. they understand each other. they're auto kratz. they also want strong economies. china is the biggest oil importer, saudi arabia is the biggest oil exporter. there's good business to be done between them. for the last five years, china has been saudi arabia's biggest trading partner. they see working together on such things as a joint petrochemical venture, which is one of the things that -- a project that may come out of these meetings, they see that as a way of strengthening this relationship and signaling to the populations of both companies that this is a good relationship, presidential relationship. for president xi, it goes way beyond that. the this is an opportunity to decouple saudi arabia from u.s.

Each-other , Chinese , Applause , Oil-importer , Man , Platform , Chance , Economies , Beijing , Auto-kratz , Saudi-arabia , Business

World Business Report

superpower relationships beyond its role of the contentious alliance with the us especially after the killing of the generalistjamal khashoggi, the generalist jamal khashoggi, the world generalistjamal khashoggi, the world �*s biggest oil exporter now reshaping its foreign policy to reflect what they see as the realities of global power. as the realities of global ower. , ., as the realities of global lower. , power. so when the chinese president — power. so when the chinese president arrives, _ power. so when the chinese president arrives, the - power. so when the chinesej president arrives, the crown prince is known to hold a lavish welcome, which may look rather different from the muted reception the us presidentjoe biden received back injuly, and coincidently, less than 24—hour speed for the trip of xijinping to riyadh, president biden was visiting a taiwanese chip manufactory building a huge factory in arizona, he has declared the comeback of american manufacturing but this really represent strengthening ties with taiwan as well, the company is the biggest contract chipmaker in the world and a

Us , World , Foreign-policy , Oil-exporter , Role , Superpower , Alliance , Killing , Generalistjamal-khashoggi , Generalist , Jamal-khashoggi , President

Special Report With Bret Baier

climate change. instead, the president has sought additional energy from abroad. >> i'm doing all i can to increase the supply for the united states of america. >> the saudis share that urgency. >> bret: president biden's plea to the saudis was met with calls to increase production domestically. >> i think we should be producing our own energy here. he will go get it from saudi arabia or venezuela. i guess that's not global warming but u.s. energy is? >> u.s. producers extract oil and gas in a far, far more environmentally friendly manner than many of their competitors overseas. >> relying on oil from saudi arabia could also prove unpredictable as the world's largest oil exporter sets prices based on its need for additional production. following president biden's trip to saudi arabia. u.s. gas prices did lower from the record highs we saw over the summer. >> we said what i was doing wouldn't make any difference, guess what? it's down $1.30 since the start

Team-biden , Energy , U-s- , Bret-baier , Supply , Saudi-arabia , Calls , Urgency , Plea , Climate-change , Shore-oil-and-natural-gas , Gas