Nigeria needs to diversify its income beyond oil exports by finding ways to generate more taxes from other industries, Finance Minister Ngozi Okonjo-Iweala said.
Betrayed by their favorite stocks at home, American investors are piling into a market that is behaving like U.S. equities did last year: Italy.
Total SA’s first-quarter profit fell 10 percent as refining margins and output slumped at France’s largest oil producer.
Exxon Mobil Corp.’s dream of drilling in the Russian Arctic may risk running aground on the politics of Ukraine.
OAO Gazprom, Russia’s biggest company, said profit declined 7 percent last year as tensions escalate in Ukraine, the transit route for half its natural gas deliveries to Europe.
Eni SpA, Italy’s biggest oil company, said first-quarter profit fell 14 percent on weak demand in its European businesses and declining refining margins.
Employers in the U.S. boosted payrolls in April by the most in five months as the jobless rate declined, data this week may show.
Unipetrol AS, the largest Czech refiner, reported the first quarterly profit since 2012 after increasing its stake in Ceska Rafinerska AS and improving petrochemical and retail sales.
Kashagan, Kazakhstan’s largest oilfield that’s been halted following a leak, will probably go without any output this year and may yield a small quantity next year, said Total SA, which owns a portion of the venture.
Telecom Italia SpA shareholders yesterday voted for a board with Giuseppe Recchi as chairman after months of clashes over the indebted company.