US-based Delta Air Lines is to become the first ever to buy an oil refinery to fuel its own fleet, a plan the company says will bring annual savings of $300 million. It plans to purchase a refinery from ConocoPhillips, with BP to supply crude.
Nigerian unions suspended nationwide strikes on Monday following President Goodluck Jonathan's decision to reinstate some petrol subsidies. Protests erupted last week after an end to subsidies caused petrol prices to more than double.
Nigerian President Goodluck Jonathan on Monday announced a 30% cut in petrol prices as soldiers moved to disperse activists in a bid to end more than a week of nationwide strikes called by unions to protest against the end of fuel subsidies.
The first day of a nationwide strike brought Africa's most populous nation to a standstill. Thousands took to the streets of Nigeria's economic capital, Lagos, and other cities to voice their anger over the removal of fuel subsidies, which has doubled petrol prices and increased the cost of food and transport. President Goodluck Jonathan is also trying to manage heightened tensions between the country's Muslims and Christians.
Nigerian trade unions have called for a national strike and mass demonstrations to shut down oil production and other sectors starting from Monday unless the government restores a fuel subsidy it scrapped this week.
Residents of the Nigerian capital of Lagos took to the streets on Tuesday in anger at the ending of fuel subsidies on Sunday with one demonstrator reportedly shot dead in the west of the country.
Police clashed with protesters in the Nigerian capital of Lagos Monday as anger mounted over the ending of fuel subsidies, a move which will more than double petrol prices in the poverty stricken country.
Williston, North Dakota is confronted with the unusual problem of having too many unfilled jobs and not enough empty beds. The town's population has nearly doubled over the past three years, following the discovery of the biggest oil reserve ever found in the United States. As our reporters Emmanuel Saint-Martin and Nathan King found out, the discovery has had a huge impact on what was once a quiet town.
Egyptians want power handed back to civilians. It's a challenge in a country where the army has been kingmaker for decades. Meanwhile, Yemen's president has given up power - we ask what his next step will be. Finally, we look at how ordinary Syrians are feeling the bite of international sanctions.
At least 100 people were burned to death and scores of others were hospitalised on Monday after a discarded cigarette butt set fire to a petrol leak in a densely populated slum in Kenya's capital Nairobi.
