Tag: Fuel
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OPEC+ sticks to plan to ease oil output cuts from May 1
OPEC, Russia and their allies will stick to plans for a phased easing of oil production restrictions from May to July amid upbeat forecasts for a recovery in global demand and despite surging coronavirus cases...
Exxon retreated from oil trading in pandemic as rivals made fortunes
Exxon Mobil’s effort to build an energy trading business to compete with those of European oil majors unraveled quickly last year as the firm slashed the unit’s funding amid broader spending cuts, 10 people familiar...
Total declares force majeure on Mozambique LNG after attacks
French energy group Total (TOTF.PA) has declared force majeure on its $20 billion Liquefied Natural Gas (LNG) project in Mozambique and confirmed it had withdrawn all staff from the construction site after Islamic State-linked insurgent...
Lafarge Africa reports N5.2b profit in Q1 2017
Lafarge Africa Plc, has recorded profit after tax of N5.2 billion for the first quarter 2017 financial year from a loss after tax of N1.9 billion in the prior period. In its financial statement submitted...
