Aviation: Asian Airlines may stop free drinks on board until Oil prices increases

Rising fuel prices stemming from last week’s OPEC production cuts could heap pressure on Asia’s already overburdened aviation sector and force its biggest carriers to nix the giveaways that have long been integral to their service. And the first ballast to be cast off might be free alcohol and in-flight entertainment, which has been standard on most of the continent’s […]

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African News: Africa Engine Oil Market Size, Competitive Market Share & Forecast, 2016-2023

Africa engine oil market size was estimated at over 2 million tons in 2015. Africa lubricant market size witnessed an increase of 1.1% of total consumption in 2014. Automotive engine oil market was the leading application segment and accounted for over 50% of the total volume in 2014. Industrial engine oil market size was estimated at over 1 million tons […]

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Africa: How Saudi Arabia is destroying Nigerian economy through market subsidy

Last week, Saudi Aramco, the world’s largest oil exporter, lowered the pricing terms for its Arab Light sold to Asia. The development comes at a time refineries are dealing with falling margins and global oversupply of oil. Chineme Okafor in this report examines the impact of this development on Nigeria, a country already in serious economic downturn. Saudi Arabia’s state-owned […]

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