The Calm Before The Storm In Oil Markets
U.S. Gulf of Mexico sees burst of drilling activity. Shale drillers focus on investor returns. Heatwave in India sends power demand soaring to unprecedented levels. The first week of May Continue Reading
The Battery Boom Will Redraw Geopolitical Maps
The vulnerability of global energy markets is once again back in focus due to Russia’s invasion of Ukraine. The race for a renewable future will come with its own geopolitical Continue Reading
April exports rise by 200k bpd
Iraq’s countrywide oil exports averaged 3.818 million barrels per day (bpd) in April,* a month-on-month increase of more than 200,000 bpd. Federal Iraqi exports averaged 3.380 million bpd, up from 3.245 Continue Reading
OPEC+ sees bigger 2022 surplus amid slower demand growth -report
OPEC+ sees a surplus of 1.9 million barrels per day (bpd) in 2022, 600,000 bpd higher from a previous forecast, amid expectations of slower demand growth this year, a report Continue Reading
$100 Oil Encourages Iraq To Fast-Track Production At Two Major Oil Fields
Iraq is encouraging the development of several oil fields in its ThiQar province. The Iraqi Drilling Company started work on the first of its 20 oil wells at the Nasiriya Continue Reading
Exclusive: Nigeria buys emergency Canadian potash to replace lost Russian supply
Nigeria had to buy emergency supplies of Canadian potash in April after the country was unable to import the key fertilizer from Russia due to the impact of Western sanctions, Continue Reading
India Wants Russia to Discount Its Oil to Less Than $70 a Barrel
India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with Continue Reading
India releases 2020 death data ahead of WHO COVID mortality study it objects
India registered about 475,000 more total deaths in 2020 than the previous year, government data released months ahead of schedule on Tuesday showed, as the World Health Organization readies its Continue Reading
Climate Change Turned Up India’s Heat. But by How Much?
India this year experienced its hottest March in 12 decades of records, and one of its driest. Next came the third-hottest April, after 2010 and 2016. Then it got even Continue Reading
India expands coal mining to beat power crunch as heatwave blazes
India is boosting coal production to record highs in an effort to overcome a fuel shortage that has strained the power supply, leading to blackouts during a searing heatwave on Continue Reading