Colombia’s Oil Production Threatened by Petro’s Plan

Colombia’s Oil Production Threatened by Petro’s Plan

by | Aug 12, 2023 | News

Colombia’s oil production has not fully recovered from the 2020 pandemic, with output still below 2019 levels, indicating a potential energy crisis. This decline in the country’s energy sector is attributed to President Gustavo Petro’s tax hikes and his decision to...
Nigerian petrol prices reach record high after subsidy removal

Nigerian petrol prices reach record high after subsidy removal

by | Aug 9, 2023 | News

Almost two months after Nigerian President Bola Tinubu scrapped a popular but costly fuel subsidy, petrol prices have risen to 617 naira ($0.78) per litre, the highest in the history of Africa’s largest oil producer. Prices were updated nationwide on Tuesday from 557...