Nigeria’s oil industry is experiencing a positive upturn as the country’s oil rig count reached its highest point in three months, increasing by 7.69 percent compared to the previous month, according to data from the […]
U.S. crude, gasoline stockpiles fell last week China vows to roll out consumption support policies US data boosts hopes of end to interest rate hikes NEW YORK, July 19 (Reuters) – Oil prices edged lower […]
Dr. Al Jaber stated his goal as COP28 President-Designate is to ensure a just energy transition that makes finance accessible to all Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and […]
Oil prices climbed on Tuesday as the oil markets began to believe the narrative that oil could tighten in the second half of the year. Brent crude oil climbed above $79 per barrel on Tuesday, the […]
Nigeria, OPEC’s largest producer in Africa, aims to significantly increase its oil production to up to 1.7 million barrels per day (bpd) by November 2023, hoping to win a higher quota in the OPEC+ agreement, […]
Vienna, 5 July (Argus) — Representatives of the oil and gas sector today noted the influence of the energy transition on their industry and changes they commit to make, delegates heard at the Opec seminar […]
There’s a renewed scramble for copper sitting in London Metal Exchange (LME) warehouses. Headline LME copper stocks have slid from 100,100 tonnes to 77,050 over the last three weeks despite almost 30,000 tonnes of arrivals. […]
Apollo CEO Marc Rowan qualified the current economic climate by saying we may experience a “non-recession” recession. This was one of the more interesting recent descriptions of the rolling fight against inflation and the impact […]
Global oil demand will rise to 110 million barrels a day in two decades, bringing the world’s energy demand up 23%, said OPEC. “We see global energy demand increasing by 23% through 2045,” said the […]
Two years ago, efforts by climate activists and Environmental, Social, and Governance (ESG) investors to block investment in oil and gas production by Western companies appeared to have received a seal of approval from no […]
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