Author
Articles by Amara Okonkwo
World
European gas storage at 13-year low as winter approaches
The Guardian reported August 29 that inventories are at their lowest in 13 years, with the 90 percent refill target softened to roughly 80 percent and cargoes flowing to Asia instead.
Amara Okonkwo
World
Container lines bring Asia-Europe services back to the Suez route
Maersk and Hapag-Lloyd moved another major service back through the canal in mid-August, and the largest vessels are transiting again, but the industry cautions a full return remains distant.
Amara Okonkwo
World
OPEC+ completes rollback of voluntary cuts with September hike
The August 2 virtual meeting approved 188,000 barrels per day for September, finishing the phased return of the 1.65 million-barrel tranche first agreed in 2023 and opening the quota-framework question.
Amara Okonkwo
MENA News
Egypt's foreign reserves hit a record $56.3 billion despite the war
Net international reserves rose 2.2 percent to $56.29 billion at the end of July, the Central Bank reported, as the pound steadied and remittances and Gulf inflows outweighed Suez weakness.
Amara Okonkwo
MENA News
Saudi Arabia unveils 14-nation coalition to protect Red Sea shipping
Riyadh announced the multinational maritime defense alliance on July 30, as US naval presence in the region draws down and Houthi attacks pressure the kingdom's western ports.
Amara Okonkwo