GERMANY AND AUSTRIA TO TAP OIL RESERVES AFTER 400 MILLION BARRELS REQUESTED. (PHOTO).

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 Germany and Austria to tap oil reserves after 400 million barrels requested  Germany and Austria announced they are releasing portions of their oil reserves in response to an International Energy Agency request for member nations to collectively release 400 million barrels to help ease rising energy prices linked to the Iran conflict. Japan also said it will begin releasing part of its reserves starting Monday. The move marks one of the largest coordinated releases of emergency oil stocks in history. The previous record came in 2022, when IEA members released 182.7 million barrels following the energy disruptions caused by Russia’s invasion of Ukraine. Member countries currently hold over 1.2 billion barrels of public emergency oil stocks, along with an additional 600 million barrels of industry stocks maintained under government requirements. The release comes amid heightened tensions in the Persian Gulf, where Iran has targeted commercial ships and disrupted shipping throug...
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AIRLINE SUSPENDS FLIGHT OPERATIONS TO KADUNA.(PHOTO).

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Azman Air has announced the suspension of flights to Kaduna over the recent attack on the Kaduna International Airport.

The airline’s management disclosed this in a statement issued on Monday.

On Saturday it was reported how terrorists had shot into the runway of the airport, killing a security guard.

The terrorists were, however, repelled by security operatives.

An Azman Air flight was said to have been delayed for 44 minutes as a result of the incident, but passengers on the aircraft flew safely from Kaduna to Lagos.

Giving an update on its decision following the incident at the airport, Azman Air said the suspension is to ensure that the safety of travellers and workers is guaranteed.


 

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