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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GOV. SANWO-OLU SYMPATHISES WITH AJEGUNLE FIRE VICTIMS.(PHOTO).#PRESS RELEASE.

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SANWO-OLU SYMPATHISES WITH AJEGUNLE FIRE VICTIMS 



·        Governor orders probe 

 

Lagos State Governor Babajide Sanwo-Olu has commiserated with the traders who lost their goods in the Akere Spare Parts Market in Ajegunle.

He is shocked by the incident. 

Mr. Governor, on behalf of the government, genuinely shares their grief. He has ordered a probe into the fire, which emergency workers have put out. 

Besides, Mr Governor implores Lagosians to desist from attributing the unfortunate incident to any political party or its agents. Those who are struggling to make political gains from the incident are being mischievous. 


It is shameful to take advantage of the misfortune of others to feather some political nests. 


Gbenga Omotoso 


HC, Information & Strategy.

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