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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SENATOR KWAKWANSO DUMPS PDP FOR NNPP.(PHOTO)

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In a letter addressed to his ward chairman, Kwankwaso said, 

“May I begin by thanking my Ward Chairman and all friends and well wishers in my ward, and indeed from across the country and beyond for the very respectful relationship we have had and the tremendous support I have enjoyed during my stay in the PDP

"It is with deep sense of responsibility that I write to notify you that as a result of some serious and irreconcilable differences I have reached the conclusion that my continued stay in the PDP is untenable and therefore, effective from Tuesday the 29 day of March, 2022, I have withdrawn my membership from the People’s Democratic Party, PDP.”.


 

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