THE outlook for Nigeria’s oil output, including condensate, remains gloomy at 1.4 million barrels per day, mbpd, in the second half of 2024, according to industry data and forecast. The output forecast is far below the 1.8mbpd […]
Daily Standup Top Stories China’s banking turmoil: 40 banks vanish as crisis deepens July 22, 2024 Mariel Alumit The Chinese banking sector is facing a severe crisis. In just one week, 40 banks disappeared, and the […]
(Reuters) Two large oil tankers were on fire on July 19, 2024, after colliding near Singapore, the world’s biggest refueling port, with two crew members airlifted to hospital and others rescued from life rafts, authorities […]
NEW YORK, July 22 (Reuters) – Oil prices fell for a second consecutive session on Monday to their lowest level in over a month, as investors looked past U.S. President Joe Biden’s decision to end his […]
From the mid-1990s to onset of Covid at the end of 2019, China almost singlehandedly drove the commodities supercycle, consisting of ever-increasing prices for the key materials it required to drive its extraordinary economic growth. […]
Russia and Cuba have discussed the idea of building an oil refinery in Cuba with the help of Russian companies, the deputy speaker of the Russian parliament was quoted as saying. During a visit of […]
Nigeria’s $20 billion Dangote plant has had to increase imports due to insufficient domestic supplies Nigeria’s Dangote Refinery is in negotiations with Libya to secure crude oil for its 650,000 barrels per day (bpd) plant, […]
Daily Standup Top Stories Global Tech Outage Wreaks Havoc July 20, 2024 Mariel Alumit The disruption underscores just how reliant much of the world is on key software providers. Digital Disruption International air travel, financial services, […]
Slovakia will not be a “hostage” to Ukraine-Russia relations, its Prime Minister Robert Fico told his Ukrainian counterpart in a call on Saturday (20 July), after Kyiv placed Russian group Lukoil on a sanctions […]
Search and rescue operations are underway for the crew of two tankers that caught fire in the South China Sea offshore Singapore. The Maritime and Port Authority of Singapore (MPA) said that a fire broke […]
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