Business

Oil prices fluctuated on Tuesday, 27 October, as diplomatic efforts to ease tensions in the Middle East offered some relief to markets while renewed attacks on Saudi Arabia kept concerns about supply disruptions alive. In a report carried by Reuters, Brent crude futures were up 40 cents, or 0.4%, at $116.24 a barrel by 0718

Singapore-based Sembcorp Industries is expanding its exploration of nuclear energy through two new partnerships aimed at building technical knowledge and identifying potential opportunities in the sector. The company announced on Tuesday, October 27, that its wholly owned subsidiary, Sembcorp Utilities, had signed separate, non-binding memorandums of understanding with Canadian engineering group AtkinsRéalis and Singapore-based ST

Nigeria has launched a national programme to track liquefied petroleum gas (LPG) cylinders throughout their use, in a move aimed at reducing safety risks and improving oversight of the cooking-gas supply chain. The Standards Organisation of Nigeria (SON) announced the National Cylinder Recirculation Programme on Friday, October 23, in partnership with the Nigerian Midstream and

Nigeria’s reliance on imported petrol continued to decline in September, but the latest regulatory figures show that lower imports have not automatically translated into a more reliable domestic supply. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed that the country received an average of 38.7 million litres of petrol daily in