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G7 agrees 100 Mbbls emergency oil to ease supply squeeze
The International Energy Agency (IEA) said Saturday that its member countries had so far released about 325 million barrels of oil and oil products from strategic reserves, representing more than 80 per cent of the 400 million barrels pledged in…
Allies eye post-war mission to protect Strait of Hormuz
Ziggy Ojiegbe G7 nations have reaffirmed a unified commitment to safeguard maritime security in the Strait of Hormuz, pushing back against Iran’s emerging plan to impose tolls and tighten control over the critical global shipping route. Meeting in France, foreign…
G7 ministers demand China to resolve Taiwan dispute peacefully
The foreign ministers of the Group of Seven (G7) nations called on China on Wednesday to resolve tension around the Taiwan Strait in a peaceful manner. The comments come after China demonstrated its outrage over a visit to Taiwan by…
Europe trapped between energy crunch and climate action
Sopuruchi Onwuka The aggressive movement by governments of industrialized western nations to transition energy demand from fossil fuels is running into quagmire as acute oil and gas deficits confront economic targets. And loosening stringent measures already installed to constrict funding…
