Tag: Russia

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Russia plans to build 29 new nuclear reactors by 2045

The Russian nuclear state company Rosatom has unveiled plans to build 29 new nuclear reactors by 2045 in Russia. A plan to develop 12 new...

Oil prices drop as US inventories jump fuels demand worries

Oil prices extends losses on Wednesday (15 February) as a much bigger-than-expected surge in the U.S. crude inventories and anticipation of further interest rate...

Analysis: Gazprom’s export revenue may fall by 50% in 2023

Lost European sales could halve the export revenues of Russia's Gazprom (GAZP.MM) this year, meaning a steep reduction in tax income for the state, according to...

Oil prices dip on U.S. crude reserve release, inflation pressure

Oil prices dipped on Tuesday after the U.S. government said it would release more crude from its Strategic Petroleum Reserve, while traders look out...

Russia to cut oil output by 500,000 bpd in March

Russia will cut oil production by 500,000 barrels per day, or around 5% of output , in March, Deputy Prime Minister Alexander Novak said...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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