Saturday , 7 February 2026

Recent Posts

Oil posts biggest weekly drop since July amid supply concerns

Bloomberg Oil fell to a two-week low as the International Energy Agency (IEA) has warned of a looming supply glut. Futures in New York ended the week 3% lower after four straight days of declines. Sentiment continues to be dominated by an International Energy Agency report highlighting the challenge facing Opec and its allies in balancing the market as production …

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India plans $7b of export stimulus to spur economy

Bloomberg India unveiled new measures involving a more than $7 billion boost to exporters and housing projects, as part of efforts to revive a flagging economy. A program to refund taxes and levies for export promotion will be effective January 1 and involves forgoing 500 billion rupees ($7 billion) in revenue, Finance Minister Nirmala Sitharaman told reporters in New Delhi …

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Nigeria LNG in talks with lenders for $10bn loan

Bloomberg Nigeria LNG Ltd., the operator of Africa’s largest natural gas plant, is in talks with lenders to finance a $10 billion expansion. The company is discussing with the country’s top-10 lenders including Guaranty Trust Bank Plc and Zenith Bank Plc, to raise as much as $2 billion, and with foreign lenders and export-credit agencies for the balance, Chief Executive …

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