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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OSUN PDP PASSES VOTE OF CONFIDENCE ON GOVERNOR ADELEKE, BACKS HIS NEXT POLITICAL MOVE. (PHOTO). #PRESS RELEASE.

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 Osun PDP Passes Vote of Confidence on Governor Adeleke, Backs His Next Political Move


The Osun State PDP leadership caucus has passed a vote of confidence on Governor Ademola Adeleke, pledging full support for any decision he makes amid speculation of a possible defection.


At a high-level meeting held at the Government House, party leaders from across state and national structures vowed to follow Adeleke “wherever he goes,” while noting he is still consulting on his next political steps.


The communique followed detailed briefings by the governor and deliberations by leaders, including lawmakers, party executives, and former officials.


Signed:

Mallam Olawale Rasheed,

Spokesperson to the Governor.

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