Amid a slump in oil revenues, business is struggling to cope with the current downturn in Nigeria. It’s not, though, stopping Hard Rock from opening its latest a rock ‘n’ roll-themed café in Lagos. Hayley Platt reports.
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18Mar/16
Tag Archives: Peak oil
15Jan/16
Wall Street tumbles to lowest level since August
U.S. stocks close sharply lower as crude oil prices drop below 30 dollars (USD) a barrel and China fears deepen.
07Jan/16
Oil: how low can it go?
Oil slides below $33 a barrel to levels not seen in more than a decade, as a tumble in Chinese equities rattles investors already concerned by near-record production and massive stockpiles of unwanted crude. David Pollard reports. Continue reading
09Oct/15
Africa’s GDP growth to slow to 3.7 pct this year, World Bank
Economic growth is set to slow in Sub-Saharan Africa to 3.7 percent this year from 4.6 percent in 2014, its weakest pace since 2009, mainly due to the drop in commodity prices, the World Bank has said in its latest Africa pulse report.
09Apr/15
Oil firm says found 100 billion barrel oil field in southern England
A small British oil producer says it has discovered a possible world class oil resource south of London.