Tag: oil

Vanguard, BlackRock add new climate-focused ETFs as demand soars

The demand partly reflects the performance of the funds, which has often topped traditional investment products this year. That was despite many funds being held back by strategies such as not owning high-performing energy stocks, as second-quarter results showed.

Communities ‘left out’ as oil pipeline project set to get underway in East Africa

“Time and time again ... we heard people talk about their land and their fears that they would not receive fair value for what they may lose,” said Joy Akoli Atine of Global Rights Alert, co-author of a study into the project by six charities.

Ex-first daughter of Angola Neto says no wrongdoing by husband in Swiss corruption probe

Angola is seeking to tackle a legacy of alleged corruption which has dogged the nation as it seeks to attract foreign investment into its struggling economy.

Angola to join oil and extractives transparency group to fight corruption

Angola’s President Joao Lourenco has embarked on an anti-corruption drive since taking power from Jose Eduardo dos Santos, who stepped down in 2017 after a near four-decade rule.

Stronger Hurricane Laura aims at heart of U.S. oil refining industry

The storm resembles 2005’s Hurricane Rita, which caused more than $18 billion in damages and killed more than 120 people, many during a hurried Texas evacuation.

Exclusive: Nigeria’s long-awaited oil reform bill to go to president – sources

“We hope that the final bill would be one that would unlock potential investments that Nigeria’s rich resource base truly deserves,” a spokesman for Shell companies in Nigeria said.

Most of oil on damaged ship in Mauritius collected: representative for ship owner

Most of oil remaining on a Japanese bulk carrier that struck a coral reef off Mauritius late last month and leaked an estimated 1,000 tonnes of oil has been collected, a representative of the ship owner, Nagashiki Shipping, said on Wednesday.

Oil rises after bigger-than-expected drop in inventories

In India, demand for fuel in July dropped 10.8% from a year earlier, the fifth month of year-on-year declines, government data showed on Tuesday as a rise in coronavirus cases and floods in many parts of the country restricted economic activity.