Oil prices jump on U.S-China trade hopes, supply cuts
Oil prices rose by more than 1.5 percent on Monday on hopes that talks in Beijing can resolve a trade war between the United States and China, while supply cuts Continue Reading
Is Oil Demand Growth A Certainty In 2019?
Crude oil prices have gained roughly 10 percent since hitting a low point in late December, and there are plenty of signs that suggest the market is poised to claw Continue Reading
Have Markets Become Too Negative On Oil?
Sustained market moves such as we have seen in stocks and oil over the last few months are never the result of one piece of news or data point, so Continue Reading
Libya’s oil revenue rose to $24.4 billion in 2018: NOC
Libya’s oil revenue rose to $24.4 billion in 2018, up 78 pct from 2017, Libya’s National Oil Corporation (NOC) said in a statement on Sunday. NOC also said it recorded Continue Reading
Nigeria: Militants ‘Resume Attacks’ On Pipelines in Niger Delta
Suspected militants may have renewed hostilities against oil companies operating in the Niger Delta. For example, a group yesterday claimed it was behind the attack on an oil pipeline at Continue Reading
Nigeria: FG to Spend N3 Billion On Fuel, Generators
The federal government will spend over N3 billion on fuel, generators and plants across 602 ministries, departments and agencies this year. These figures do not include money voted by the Continue Reading
India ports’ thermal coal volumes in Apr-Dec up 17% from a year ago
Highlights Thermal coal volumes at 78.24 million mt Coking coal volumes also up 15% Paradip port had highest thermal coal volumes New Delhi — India’s 12 major government-owned ports handled Continue Reading
Mexico offensive against fuel theft leaves motorists stranded
An offensive by Mexico’s new government against fuel theft at one of the country’s main refineries has led to days of shortages at gas stations in several central states, as Continue Reading
Is Venezuela’s Downward Spiral OPEC’s Achilles Heel Or Saving Grace?
OPEC and US Shale have been duking it out in the oil markets for a few years now—ever since the days of $100 oil. OPEC, led by Saudi Arabia, took Continue Reading
China approves $125bn of rail projects in fiscal stimulus
China has approved new rail projects worth more than $125bn in the past month as it steps up fiscal spending to counteract a slowdown in its economy, a move that Continue Reading