U.S. sanctions Russian oil refining sector U.S. exempts Russian oil and gas exports for now OPEC+ maintains 400,000 bpd output increase in March U.S. SPR stocks near 20-year low – Continue Reading
Investors, traders, and politicians alike are scrambling. Market panic is here, according to Rystad Energy’s senior oil market analyst Louise Dickson, who made the comment in a statement sent to Continue Reading
Commodity markets extended their bull runs on Thursday, with aluminum, coal, and palm oil all hitting new records while crude oil and wheat scaled multi-year highs as Russia’s invasion of Continue Reading
The surge in crude oil prices past $100 a barrel has raised a big question: Will this latest spike in the notoriously volatile oil market help to speed the global Continue Reading
Not only are humans not adapting fast enough to hazards created by climate change, many of the relatively limited dollars they are putting toward preparing for a warmer future are being misspent, Continue Reading
As oil prices reach seven-a-half-year highs, a number of countries in the Middle East have unveiled fiscal measures designed to balance their budgets after two years of pandemic-related spending. Saudi Continue Reading
Iraq exported 3.719 million barrels per day (bpd) in February, * up from January exports of 3.619 million bpd , with revenues reaching a new 10-year high as global oil Continue Reading
Oil production in Usinsk, Russia (file photo). Sub-Saharan Africa is experiencing a record surge in fuel prices as the Russian invasion of Ukraine drives up already steep energy costs. Chaos Continue Reading
The ongoing shortage of Petroleum Motor Spirit, PMS, worsened in Lagos, Abuja, Ibadan, Enugu and other major cities across the country, yesterday, with motorists spending hours on queues at filling Continue Reading
The discovery of huge oil reserves in Guyana has the potential to transform the country, although it will have to work hard to avoid the resource curse that has hit Continue Reading
