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Globally diversified gold producer Gold Fields's interim CEO Martin Preece says the company still has significant work to do, particuarly with regard to workplace safety. "During 2022, we tragically suffered one fatal incident and five…

Economic growth in the oil exporters in the Middle East and North Africa will shift from oil to the non-oil sectors due to lower crude production as part of the OPEC+ agreement, the International Monetary Fund (IMF) said in its latest …

Oil prices are down despite OPEC+ production cuts and the war in Ukraine because of growing economic worries focused on the U.S. and China. But this is no longer affecting traders only. The rout is spreading to related industries,…

Saudi Arabia needs oil prices at $80.90 per barrel to balance its budget this year, the International Monetary Fund (IMF) said on Wednesday in its latest economic projections for the Middle East and Central Asia. The breakeven price for…

Crude oil prices continued lower after the Energy Information Administration reported yet another weekly inventory draw on crude oil inventories. The report came a day after the American Petroleum Institute estimated inventories had…

Last December I published an article on Oilprice discussing why I thought land drilling contractors would start to rally after the first of the year. It turned out I was a bit early in my thesis and both of the companies I highlighted in…

A commercial oil tanker was seized by Iran in the Strait of Hormuz on Wednesday in the second such merchant vessel seizure by the Islamic Republic in waters in the Arabian Gulf in less than a week. Iran’s Islamic Revolutionary Guard…

The International Water Management Institute (IWMI) has introduced a farmer-led irrigation development (FLID) scheme in a bid to address the unsustainable nature of rain-fed agriculture. The age-long nature-dependence and subsistence…

The Executive Directors of the World Bank has selected Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023. Ajay Banga most recently served as Vice Chairman at General Atlantic. Previously, he was…

The Governor of the Bank of Ghana, Dr. Ernest Addison is optimistic that Inflation rate will continue to trend downwards in the coming months. He stated that the trend may continue if the country is not hit by external shocks.…