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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'IT'S PARIS DISASTER, ' SPORTS MINISTER LAMENTS TEAM NIGERIA'S OLYMPICS PERFORMANCE. (PHOTO).

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 ‘It’s Paris disaster,’ sports minister laments Team Nigeria’s Olympics performance. 


The Minister of Sports Development, Senator John Enoh, has described Team Nigeria’s performance in the ongoing 2024 Olympics in Paris as “disappointing.”


The minister made this known in a statement on X.com on Saturday..


According to Enoh, Team Nigeria’s failure to secure any medal at all “is a product of very many other things that need immediate attention.”


He revealed that not only would he ensure that such does not repeat itself, but that in the forthcoming sports federation elections, he would ensure that the most appropriate candidates are voted in..

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